MAURETANIA: AML/CFT ASSESSMENT THIRD ENHANCED FOLLOW-UP REPORT

On 28 January, FATF published this follow-up report produced by FATF-style regional body MENA-FATF.  It reflects progress made in improving its level of compliance with the FATF standards, since a 2018 mutual evaluation and the most recent follow-up report.  The follow-up report also assesses the implementation of FATF Recommendations that were modified since the country’s mutual evaluation. FATF Recommendation 2 is re-rated from partially compliant to compliant; Recommendation 11 re-rated from partially compliant to compliant; and Recommendation 26 is re-rated from partially compliant to compliant.  Mauritania is now “compliant” with 14 of the forty FATF Recommendations, “largely compliant” with 21 Recommendations and “partially compliant” with 5 Recommendations. The country has no “non-compliant” ratings.  Mauritania shall remain in the Enhanced Follow-up process; provided that it submits its next follow-up report to the Plenary to be held in November 2022.

https://www.fatf-gafi.org/media/fatf/documents/reports/fur/MENAFATF-FUR-Mauritania-Nov-2021.pdf

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: