The document summarizes the Cook Islands' efforts to comply with FATF's 40+9 recommendations for anti-money laundering and countering the financing of terrorism (AML/CFT). It describes how the Cook Islands emerged as a leader in the region on AML/CFT issues after making significant changes, including passing new legislation, establishing new agencies, conducting supervision and outreach. A 2009 mutual evaluation found the Cook Islands to be fully compliant or largely compliant on 60% of recommendations, making it the only jurisdiction in the Asia-Pacific Group with no non-compliant ratings. The document outlines ongoing work to address remaining issues and maintain high standards.