ZAMBIA: AML/CFT ASSESSMENT FOLLOW-UP REPORT

On 25 August, FATF published an enhanced follow-up report produced by FATF-style regional body, ESAAMLG.  It says that Zambia has made progress in addressing some of the technical compliance deficiencies identified in its mutual evaluation report and follow-up report.  FATF Recommendation 7 (Initially rated NC) is re-rated to PC; Recommendation 5, which was being re-rated due to changes to the law, initially rated LC is downgraded to PC; and Recommendation 2,  which was being re-rated due to changes made to the FATF Standards, initially rated LC is downgraded to PC.  Zambia will remain in enhanced follow-up given outstanding deficiencies in other Recommendations as well as in the Immediate Outcomes.

http://www.fatf-gafi.org/media/fatf/documents/reports/fur/ESAAMLG-Zambia-FUR-2022.pdf

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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

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