EASTERN AND SOUTHERN AFRICA ANTI-MONEY LAUNDERING GROUP (ESAAMLG) AML/CFT EVALUATION REPORTS – ETHIOPIA, ESWATINI, ZIMBABWE AND ZAMBIA

On 24 June, the FATF-style regional body released a number of reports –

FOLLOW-UP REPORT ON ETHIOPIA

The 10^th follow-up report dated April 2022 sets out Ethiopia’s progress in strengthening measures since its mutual evaluation (MER) in 2015.  Overall, Ethiopia has made significant progress in addressing deficiencies in technical compliance identified in its MER in respect of FATF Recommendation 24. Given minor shortcomings noted, Recommendation 24 has been upgraded from PC to LC. Considering overall progress made by Ethiopia since the adoption of its MER, its technical compliance with the FATF Recommendations has been revised as shown below.  Ethiopia will remain in enhanced follow-up given outstanding deficiencies in other Recommendations as well as in the Immediate Outcomes rating of effectiveness.

https://www.esaamlg.org/reports/Ethiopia%20FUR-April%202022.pdf

MUTUAL EVALUATION REPORT ON ESWATINI

The mutual evaluation report (MER) on Eswatini (the former Swaziland) was adopted by the Council of Ministers of ESAAMLG on 2 June. 

https://www.esaamlg.org/reports/MER%20of%20Eswatini-June%202022.pdf

FOLLOW-UP REPORT ON ZIMBABWE

This report sets out Zimbabwe’s progress in strengthening AML/CFT measures since the 2016 assessment. Zimbabwe has not made sufficient progress in addressing deficiencies identified in FATF Recommendations 2 and 7 to warrant an upgrade.  On the other hand, sufficient progress has been demonstrated in Recommendations 26, 28 and 34, warranting upgrades from Partially Compliant to Largely Compliant in respect of Recommendations 26, 28 and 34. Considering overall progress made by Zimbabwe since the adoption of its MER, its technical compliance with the FATF Recommendations has been revised as shown below.

https://www.esaamlg.org/reports/Zimbabwe%20FUR%20-April%202022.pdf

ZAMBIA FOLLOW-UP REPORT

The report sets out Zambia’s progress in strengthening AML/CFT measures since its 2019 assessment.  Zambia will remain in enhanced follow-up given outstanding deficiencies in various FATF  Recommendations as well as in the Immediate Outcomes rating of effectiveness.

https://www.esaamlg.org/reports/Zambia%20FUR-April%202022.pdf

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