The document is a mutual evaluation report from April 2018 that assesses Iceland's anti-money laundering and counter-terrorist financing regime. It finds that Iceland has a basic understanding of risks but its national risk assessment is theoretical rather than based on factual threats. Coordination of competent authorities is limited. Financial intelligence is used for some cases but several impediments remain. No terrorist financing prosecutions have occurred and authorities do not consider terrorist financing vulnerabilities. Key priority actions identified include revising the risk assessment, improving coordination, increasing guidance to reporting entities, and establishing a framework for targeted financial sanctions.
The document is a mutual evaluation report on Turkey's anti-money laundering and counter-terrorist financing measures. It finds that Turkey has a substantial understanding of ML/TF risks domestically but a moderate level of effectiveness in implementing preventative measures and investigating financial crimes. It identifies priority actions for Turkey to strengthen its AML/CFT system such as prioritizing the use of financial intelligence for ML investigations, developing national strategies for investigating ML offenses and confiscating criminal proceeds, and improving implementation of targeted financial sanctions.
This document is a mutual evaluation report on Israel's anti-money laundering and counter-terrorist financing measures. It finds that Israel has a good understanding of its money laundering and terrorist financing risks. Key findings include that Israel has strong domestic coordination of AML/CFT policies and that authorities are successfully prosecuting money laundering and confiscating criminal proceeds. However, it also identifies some priority actions, such as fully implementing preventative measures for all designated non-financial businesses and professions, and enhancing regulation and supervision for some high-risk sectors.
This document is a mutual evaluation report from March 2020 that assesses Korea's anti-money laundering and counter-terrorist financing system. It finds that Korea has a good understanding of its money laundering and terrorist financing risks. However, it identifies several priority areas for Korea to strengthen its framework, including extending anti-money laundering obligations to all designated non-financial businesses and professions, expanding the scope of tax crimes that are money laundering predicates, and addressing technical deficiencies in its implementation of targeted financial sanctions.
The document is a mutual evaluation report on Denmark's anti-money laundering and counter-terrorist financing framework. It finds that Denmark has a moderate understanding of money laundering risks but better understands terrorist financing risks. It also finds weaknesses in Denmark's risk assessments, national coordination, supervision of financial institutions for compliance, application of preventive measures by financial institutions, and legal framework for targeted financial sanctions. The report lists priority actions for Denmark to strengthen its framework, such as improving national risk assessments, developing policies based on risks, increasing resources for competent authorities, and enhancing supervision and sanctions.
This document is a mutual evaluation report on the anti-money laundering and counter-terrorist financing measures in the United Kingdom from December 2018. It provides ratings on the UK's effectiveness and technical compliance in 11 immediate outcomes and 40 FATF recommendations. Overall, the UK demonstrates a robust understanding of its ML/TF risks and proactively investigates terrorism financing. However, opportunities for improvement include increasing resources for financial intelligence analysis, reforming the suspicious activity report regime, and strengthening supervision in some sectors. The report prioritizes actions such as improving public registers of company ownership and ensuring effective risk-based supervision across all entities.
This document is a mutual evaluation report on anti-money laundering and counter-terrorist financing measures in Thailand from December 2017. It provides key findings, ratings, and priority actions. Thailand demonstrates a substantial understanding of ML/TF risks and international cooperation, but its preventive measures, supervision of businesses, and ability to prevent misuse of legal persons are rated as low. The report outlines Thailand's progress in AML/CFT reforms and coordination but identifies gaps in assessing sector and TF risks and applying risk mitigation measures. It recommends Thailand improve pursuit of ML investigations and targeting of key risk areas like corruption.
This document is a mutual evaluation report on Ireland's anti-money laundering and counter-terrorist financing framework. It finds that Ireland has a generally sound AML/CFT framework and has improved its understanding of risks through coordination mechanisms. However, further measures are needed to fully identify international money laundering risks and ensure a fully effective system commensurate with risks. While national coordination is a strength, supervisors of some high-risk sectors are under-resourced. The private sector's understanding of risks is mixed, but expected to improve over time through continued authorities' outreach.
The document is a mutual evaluation report on Turkey's anti-money laundering and counter-terrorist financing measures. It finds that Turkey has a substantial understanding of ML/TF risks domestically but a moderate level of effectiveness in implementing preventative measures and investigating financial crimes. It identifies priority actions for Turkey to strengthen its AML/CFT system such as prioritizing the use of financial intelligence for ML investigations, developing national strategies for investigating ML offenses and confiscating criminal proceeds, and improving implementation of targeted financial sanctions.
This document is a mutual evaluation report on Israel's anti-money laundering and counter-terrorist financing measures. It finds that Israel has a good understanding of its money laundering and terrorist financing risks. Key findings include that Israel has strong domestic coordination of AML/CFT policies and that authorities are successfully prosecuting money laundering and confiscating criminal proceeds. However, it also identifies some priority actions, such as fully implementing preventative measures for all designated non-financial businesses and professions, and enhancing regulation and supervision for some high-risk sectors.
This document is a mutual evaluation report from March 2020 that assesses Korea's anti-money laundering and counter-terrorist financing system. It finds that Korea has a good understanding of its money laundering and terrorist financing risks. However, it identifies several priority areas for Korea to strengthen its framework, including extending anti-money laundering obligations to all designated non-financial businesses and professions, expanding the scope of tax crimes that are money laundering predicates, and addressing technical deficiencies in its implementation of targeted financial sanctions.
The document is a mutual evaluation report on Denmark's anti-money laundering and counter-terrorist financing framework. It finds that Denmark has a moderate understanding of money laundering risks but better understands terrorist financing risks. It also finds weaknesses in Denmark's risk assessments, national coordination, supervision of financial institutions for compliance, application of preventive measures by financial institutions, and legal framework for targeted financial sanctions. The report lists priority actions for Denmark to strengthen its framework, such as improving national risk assessments, developing policies based on risks, increasing resources for competent authorities, and enhancing supervision and sanctions.
This document is a mutual evaluation report on the anti-money laundering and counter-terrorist financing measures in the United Kingdom from December 2018. It provides ratings on the UK's effectiveness and technical compliance in 11 immediate outcomes and 40 FATF recommendations. Overall, the UK demonstrates a robust understanding of its ML/TF risks and proactively investigates terrorism financing. However, opportunities for improvement include increasing resources for financial intelligence analysis, reforming the suspicious activity report regime, and strengthening supervision in some sectors. The report prioritizes actions such as improving public registers of company ownership and ensuring effective risk-based supervision across all entities.
This document is a mutual evaluation report on anti-money laundering and counter-terrorist financing measures in Thailand from December 2017. It provides key findings, ratings, and priority actions. Thailand demonstrates a substantial understanding of ML/TF risks and international cooperation, but its preventive measures, supervision of businesses, and ability to prevent misuse of legal persons are rated as low. The report outlines Thailand's progress in AML/CFT reforms and coordination but identifies gaps in assessing sector and TF risks and applying risk mitigation measures. It recommends Thailand improve pursuit of ML investigations and targeting of key risk areas like corruption.
This document is a mutual evaluation report on Ireland's anti-money laundering and counter-terrorist financing framework. It finds that Ireland has a generally sound AML/CFT framework and has improved its understanding of risks through coordination mechanisms. However, further measures are needed to fully identify international money laundering risks and ensure a fully effective system commensurate with risks. While national coordination is a strength, supervisors of some high-risk sectors are under-resourced. The private sector's understanding of risks is mixed, but expected to improve over time through continued authorities' outreach.
The document is a mutual evaluation report by FATF assessing China's anti-money laundering and counter-terrorist financing framework. It finds China has a well-established framework for domestic cooperation but its FIU arrangement results in incomplete access to information. While China effectively investigates money laundering and prosecutes offenders, it needs to broaden its approach beyond just pursuing predicate crimes. Key recommended actions include strengthening understanding of risks, improving the FIU framework, enhancing targeted financial sanctions, regulating DNFBPs, and improving timely access to beneficial ownership information.
The document is a mutual evaluation report on anti-money laundering and counter-terrorist financing measures in Macao, China. It provides ratings on Macao's effectiveness and technical compliance in these areas. On effectiveness, Macao received moderate or substantial ratings for most outcomes, except for low ratings on money laundering investigations/prosecutions and proceeds/instrumentalities of crime confiscation. On technical compliance, Macao was largely or fully compliant in most areas, except for being partially compliant on DNFBP preventive measures and non-compliant on cash couriers. Key findings note coordination mechanisms for AML/CFT but a mixed understanding of risks, as well as intelligence sharing and use, but gaps in
This document is a mutual evaluation report on Norway's anti-money laundering and counter-terrorist financing system. It finds that while Norway has a substantial system, there are some moderate and partially compliant areas that need strengthening. It provides key findings on risks, policies, supervision, investigations and prosecutions. It then rates Norway's level of effectiveness and technical compliance in 11 immediate outcomes and 40 technical compliance components. It prioritizes actions for Norway to improve its national risk assessment, use of financial intelligence, targeted sanctions, preventive measures and supervision.
The document is a mutual evaluation report by MONEYVAL that assesses Lithuania's anti-money laundering and counter-terrorist financing measures. It finds Lithuania to be moderately effective in 11 of 12 areas but partially compliant or largely compliant in its technical compliance. Key results include moderate effectiveness in understanding risks, supervising financial institutions and investigating money laundering, with substantial international cooperation.
This document contains a mutual evaluation report on anti-money laundering and counter-terrorist financing measures in the Russian Federation. It finds that Russia has a substantial system to understand risks and coordinate actions domestically and internationally. However, it also finds room for improvement in supervision of financial institutions, investigation of complex money laundering, and fully implementing targeted financial sanctions without delay. Priority actions recommended include strengthening risk-based supervision, prioritizing complex money laundering cases, and requiring all persons and entities to implement terrorist financing sanctions without delay.
This document is a mutual evaluation report on anti-money laundering and counter-terrorist financing measures in Kyrgyzstan from September 2018. It finds that while Kyrgyzstan has made efforts to assess risks, it has a limited understanding of money laundering and terrorist financing risks. It has not yet developed a national strategy or action plan to address the risks identified. Financial intelligence is used for investigations but the quality of some underlying data is limited. Law enforcement authorities are aware of their powers but do not take a comprehensive risk-based approach to preventing, identifying and investigating these offenses.
This document is a mutual evaluation report on Australia's anti-money laundering and counter-terrorist financing measures. It finds that while Australia has a good understanding of its main money laundering and terrorist financing risks, some key risks remain unaddressed. It rates Australia as having moderate effectiveness in areas like supervision and applying preventive measures. Priority actions identified for Australia include reassessing money laundering risks, increasing pursuit of money laundering prosecutions, and ensuring designated non-financial businesses understand and mitigate risks.
The document is a mutual evaluation report on Palau's anti-money laundering and counter-terrorist financing measures. It finds that Palau has a moderate level of effectiveness in combating money laundering and terrorist financing. Key findings include that Palau has taken reasonable steps to identify money laundering risks but understanding of risks is limited in the private sector, and that coordination occurs between authorities but additional coordination is needed regarding terrorist financing. It provides ratings for Palau's technical compliance and effectiveness in various areas.
The document is a mutual evaluation report on Nicaragua's anti-money laundering and counter-terrorist financing measures. It finds that Nicaragua has legal and regulatory frameworks and institutions to combat money laundering and terrorist financing, but that the current legal framework has some deficiencies that limit effectiveness. It rates Nicaragua's level of achievement in various areas and its technical compliance with Financial Action Task Force recommendations. Key findings include that understanding of risks is uneven, intelligence is used to identify assets but reporting of suspicious transactions needs a legal basis, and deficiencies in criminalizing terrorist financing affect effectiveness.
Assessment of the measures to combat money laundering and the financing of terrorism and proliferation in the Kingdom of Bahrain: ratings, key findings and priority actions.
A comprehensive review of the effectiveness of Italy's measures to combat money laundering and terrorist financing and its level of compliance with the FATF Recommendations. Assessment conducted by the International Monetary Fund (IMF)
The document is a mutual evaluation report on anti-money laundering and counter-terrorist financing measures in Bhutan. Key findings include that Bhutan has a low level of effectiveness in 11 areas and a moderate level in 2 areas. Technically, Bhutan is compliant or largely compliant in 14 recommendations. Priority actions identified are to complete Bhutan's national risk assessment, enact new legislation, strengthen implementation of targeted financial sanctions, and increase resources for supervision and investigation.
Assessment of the measures to combat money laundering and the financing of terrorism and proliferation in Sweden: ratings, key findings and priority actions.
The report evaluates Mauritius' anti-money laundering and counter-terrorist financing (AML/CFT) regime and finds several weaknesses. Mauritius has not fully understood its money laundering and terrorist financing risks. Financial institutions show varying understanding of risks depending on their size, while designated non-financial businesses show little understanding. The regime has not assessed risks in the non-profit sector. Financial institutions in the global business sector are legally obligated to comply with AML/CFT laws but rely heavily on management companies, concentrating risks. Supervisors have not adopted robust risk assessment systems for effective risk-based supervision.
This document is a mutual evaluation report from April 2020 that assesses the UAE's anti-money laundering and counter-terrorist financing framework. It finds that while the UAE has made significant improvements to its AML/CFT system, many changes are recent and their effectiveness has yet to be fully realized. It provides ratings for the UAE's technical compliance and effectiveness in 11 immediate outcomes. Overall compliance and effectiveness were rated as moderate, though some areas like targeting of proliferation financing were rated low.
This document is a mutual evaluation report on Antigua and Barbuda's anti-money laundering and counter-terrorist financing measures. It provides ratings on the country's level of effectiveness and technical compliance in various areas. For effectiveness, Antigua and Barbuda received moderate ratings for most outcomes but low ratings for investigating money laundering offenses and preventing terrorist financing. For technical compliance, it received largely compliant or compliant ratings for most recommendations but partially compliant or non-compliant for others like targeted sanctions and non-profit oversight.
The document is a mutual evaluation report from July 2019 that assesses Malta's anti-money laundering and counter-terrorist financing framework. It finds Malta's effectiveness in achieving certain AML/CFT objectives is moderate to low. On technical compliance, Malta received largely compliant and partially compliant ratings across preventive measures, legal persons/arrangements, regulation/supervision, and international cooperation. Areas of low or moderate effectiveness include supervising financial institutions/DNFBPs, investigating ML/TF offenses, and confiscating proceeds of crime.
The document is a mutual evaluation report on anti-money laundering and counter-terrorist financing measures in Finland from April 2019. It provides ratings on Finland's effectiveness and technical compliance in various areas. It finds that Finland has an adequate understanding of money laundering risks but supervision needs to be more risk-based. International cooperation is effective but more can be done to establish beneficial ownership and improve use of financial intelligence and sanctions. Key priority actions identified are improving risk-based supervision, establishing a beneficial ownership registry, addressing gaps in risk understanding, and encouraging tougher sentencing for money laundering.
This document is a mutual evaluation report on Panama's anti-money laundering and counter-terrorist financing framework. It finds that while Panama has carried out a national risk assessment, it has not adequately addressed some key risks like tax crimes and illicit funds from threats identified in the assessment such as drug and human trafficking. Competent authorities cooperate but national policies are not fully consistent with the identified risks due to limitations in the national strategy and weaknesses in how major risk sectors like corporate services and real estate are regulated. The report recommends Panama take significant legislative measures and rules to strengthen supervision of these high-risk sectors.
The document is a mutual evaluation report by FATF assessing China's anti-money laundering and counter-terrorist financing framework. It finds China has a well-established framework for domestic cooperation but its FIU arrangement results in incomplete access to information. While China effectively investigates money laundering and prosecutes offenders, it needs to broaden its approach beyond just pursuing predicate crimes. Key recommended actions include strengthening understanding of risks, improving the FIU framework, enhancing targeted financial sanctions, regulating DNFBPs, and improving timely access to beneficial ownership information.
The document is a mutual evaluation report on anti-money laundering and counter-terrorist financing measures in Macao, China. It provides ratings on Macao's effectiveness and technical compliance in these areas. On effectiveness, Macao received moderate or substantial ratings for most outcomes, except for low ratings on money laundering investigations/prosecutions and proceeds/instrumentalities of crime confiscation. On technical compliance, Macao was largely or fully compliant in most areas, except for being partially compliant on DNFBP preventive measures and non-compliant on cash couriers. Key findings note coordination mechanisms for AML/CFT but a mixed understanding of risks, as well as intelligence sharing and use, but gaps in
This document is a mutual evaluation report on Norway's anti-money laundering and counter-terrorist financing system. It finds that while Norway has a substantial system, there are some moderate and partially compliant areas that need strengthening. It provides key findings on risks, policies, supervision, investigations and prosecutions. It then rates Norway's level of effectiveness and technical compliance in 11 immediate outcomes and 40 technical compliance components. It prioritizes actions for Norway to improve its national risk assessment, use of financial intelligence, targeted sanctions, preventive measures and supervision.
The document is a mutual evaluation report by MONEYVAL that assesses Lithuania's anti-money laundering and counter-terrorist financing measures. It finds Lithuania to be moderately effective in 11 of 12 areas but partially compliant or largely compliant in its technical compliance. Key results include moderate effectiveness in understanding risks, supervising financial institutions and investigating money laundering, with substantial international cooperation.
This document contains a mutual evaluation report on anti-money laundering and counter-terrorist financing measures in the Russian Federation. It finds that Russia has a substantial system to understand risks and coordinate actions domestically and internationally. However, it also finds room for improvement in supervision of financial institutions, investigation of complex money laundering, and fully implementing targeted financial sanctions without delay. Priority actions recommended include strengthening risk-based supervision, prioritizing complex money laundering cases, and requiring all persons and entities to implement terrorist financing sanctions without delay.
This document is a mutual evaluation report on anti-money laundering and counter-terrorist financing measures in Kyrgyzstan from September 2018. It finds that while Kyrgyzstan has made efforts to assess risks, it has a limited understanding of money laundering and terrorist financing risks. It has not yet developed a national strategy or action plan to address the risks identified. Financial intelligence is used for investigations but the quality of some underlying data is limited. Law enforcement authorities are aware of their powers but do not take a comprehensive risk-based approach to preventing, identifying and investigating these offenses.
This document is a mutual evaluation report on Australia's anti-money laundering and counter-terrorist financing measures. It finds that while Australia has a good understanding of its main money laundering and terrorist financing risks, some key risks remain unaddressed. It rates Australia as having moderate effectiveness in areas like supervision and applying preventive measures. Priority actions identified for Australia include reassessing money laundering risks, increasing pursuit of money laundering prosecutions, and ensuring designated non-financial businesses understand and mitigate risks.
The document is a mutual evaluation report on Palau's anti-money laundering and counter-terrorist financing measures. It finds that Palau has a moderate level of effectiveness in combating money laundering and terrorist financing. Key findings include that Palau has taken reasonable steps to identify money laundering risks but understanding of risks is limited in the private sector, and that coordination occurs between authorities but additional coordination is needed regarding terrorist financing. It provides ratings for Palau's technical compliance and effectiveness in various areas.
The document is a mutual evaluation report on Nicaragua's anti-money laundering and counter-terrorist financing measures. It finds that Nicaragua has legal and regulatory frameworks and institutions to combat money laundering and terrorist financing, but that the current legal framework has some deficiencies that limit effectiveness. It rates Nicaragua's level of achievement in various areas and its technical compliance with Financial Action Task Force recommendations. Key findings include that understanding of risks is uneven, intelligence is used to identify assets but reporting of suspicious transactions needs a legal basis, and deficiencies in criminalizing terrorist financing affect effectiveness.
Assessment of the measures to combat money laundering and the financing of terrorism and proliferation in the Kingdom of Bahrain: ratings, key findings and priority actions.
A comprehensive review of the effectiveness of Italy's measures to combat money laundering and terrorist financing and its level of compliance with the FATF Recommendations. Assessment conducted by the International Monetary Fund (IMF)
The document is a mutual evaluation report on anti-money laundering and counter-terrorist financing measures in Bhutan. Key findings include that Bhutan has a low level of effectiveness in 11 areas and a moderate level in 2 areas. Technically, Bhutan is compliant or largely compliant in 14 recommendations. Priority actions identified are to complete Bhutan's national risk assessment, enact new legislation, strengthen implementation of targeted financial sanctions, and increase resources for supervision and investigation.
Assessment of the measures to combat money laundering and the financing of terrorism and proliferation in Sweden: ratings, key findings and priority actions.
The report evaluates Mauritius' anti-money laundering and counter-terrorist financing (AML/CFT) regime and finds several weaknesses. Mauritius has not fully understood its money laundering and terrorist financing risks. Financial institutions show varying understanding of risks depending on their size, while designated non-financial businesses show little understanding. The regime has not assessed risks in the non-profit sector. Financial institutions in the global business sector are legally obligated to comply with AML/CFT laws but rely heavily on management companies, concentrating risks. Supervisors have not adopted robust risk assessment systems for effective risk-based supervision.
This document is a mutual evaluation report from April 2020 that assesses the UAE's anti-money laundering and counter-terrorist financing framework. It finds that while the UAE has made significant improvements to its AML/CFT system, many changes are recent and their effectiveness has yet to be fully realized. It provides ratings for the UAE's technical compliance and effectiveness in 11 immediate outcomes. Overall compliance and effectiveness were rated as moderate, though some areas like targeting of proliferation financing were rated low.
This document is a mutual evaluation report on Antigua and Barbuda's anti-money laundering and counter-terrorist financing measures. It provides ratings on the country's level of effectiveness and technical compliance in various areas. For effectiveness, Antigua and Barbuda received moderate ratings for most outcomes but low ratings for investigating money laundering offenses and preventing terrorist financing. For technical compliance, it received largely compliant or compliant ratings for most recommendations but partially compliant or non-compliant for others like targeted sanctions and non-profit oversight.
The document is a mutual evaluation report from July 2019 that assesses Malta's anti-money laundering and counter-terrorist financing framework. It finds Malta's effectiveness in achieving certain AML/CFT objectives is moderate to low. On technical compliance, Malta received largely compliant and partially compliant ratings across preventive measures, legal persons/arrangements, regulation/supervision, and international cooperation. Areas of low or moderate effectiveness include supervising financial institutions/DNFBPs, investigating ML/TF offenses, and confiscating proceeds of crime.
The document is a mutual evaluation report on anti-money laundering and counter-terrorist financing measures in Finland from April 2019. It provides ratings on Finland's effectiveness and technical compliance in various areas. It finds that Finland has an adequate understanding of money laundering risks but supervision needs to be more risk-based. International cooperation is effective but more can be done to establish beneficial ownership and improve use of financial intelligence and sanctions. Key priority actions identified are improving risk-based supervision, establishing a beneficial ownership registry, addressing gaps in risk understanding, and encouraging tougher sentencing for money laundering.
This document is a mutual evaluation report on Panama's anti-money laundering and counter-terrorist financing framework. It finds that while Panama has carried out a national risk assessment, it has not adequately addressed some key risks like tax crimes and illicit funds from threats identified in the assessment such as drug and human trafficking. Competent authorities cooperate but national policies are not fully consistent with the identified risks due to limitations in the national strategy and weaknesses in how major risk sectors like corporate services and real estate are regulated. The report recommends Panama take significant legislative measures and rules to strengthen supervision of these high-risk sectors.
The document is a mutual evaluation report on anti-money laundering and counter-terrorist financing measures in Fiji. It finds that while Fiji has reasonable cooperation between agencies on AML/CFT policies, there are gaps in its understanding of risks. It also finds that legal persons and beneficial ownership information present challenges. Priority actions identified include improving risk assessments, increasing resources for investigation agencies, and remedying deficiencies in the terrorist financing offense and targeted financial sanctions framework.
CFATF Mutual Evaluation Report of Barbados - 2018Clare O'Hare
The document is a mutual evaluation report on Barbados' anti-money laundering and counter-terrorism financing measures. It finds that while Barbados has made some progress, it has only a low level of effectiveness in implementing its AML/CFT regime. In particular, its national risk assessment failed to fully identify ML/TF risks. Beneficial ownership information for legal persons and arrangements is collected but authorities have not verified that it is accurately maintained and available. Overall, the report provides ratings and findings on the technical compliance and effectiveness of Barbados' AML/CFT systems.
The document is a mutual evaluation report on anti-money laundering and counter-terrorist financing measures in Madagascar from September 2018. It finds that Madagascar has a low level of effectiveness in 11 of 11 immediate outcomes assessed for its anti-money laundering/counter-terrorist financing system. On technical compliance, it is non-compliant or partially compliant on most recommendations, with only a few areas of largely compliant or compliant ratings.
This document is a mutual evaluation report on Indonesia's anti-money laundering and counter-terrorist financing measures from September 2018. It provides ratings on Indonesia's level of effectiveness and technical compliance in 12 areas. On effectiveness, Indonesia was rated as substantial in 6 areas, moderate in 5 areas, and low in 1 area. On technical compliance, Indonesia was rated as largely compliant in 27 areas, partially compliant in 3 areas, and non-compliant in 1 area.
An assessment of the anti-money laundering (AML) / counter-terrorist financing (CFT) measures in place in Jamaica: ratings, key findings and priority actions.
The document is a mutual evaluation report by MONEYVAL on Latvia's anti-money laundering and counter-terrorist financing measures. It finds that while Latvia has produced national risk assessments of money laundering and terrorist financing, there is uneven understanding of cross-border financial risks. Competent authorities have access to financial intelligence but reporting of suspicious transactions needs improvement. The report provides ratings on Latvia's technical compliance and effectiveness in combating money laundering, terrorist financing, and proliferation financing. It identifies several areas where Latvia is partially compliant or needs to improve.
This document is a mutual evaluation report on Portugal's anti-money laundering and counter-terrorist financing system from December 2017. It provides ratings on Portugal's level of effectiveness and technical compliance, key findings, and priority actions. Some of Portugal's strengths identified include understanding of ML/TF risks, international cooperation, and prosecuting money laundering cases. Areas for improvement include assessing risks associated with non-profit organizations and legal entities, resourcing the FIU to analyze suspicious transactions, and supervising higher-risk DNFBP sectors.
The document is a mutual evaluation report from September 2018 that assesses Seychelles' anti-money laundering and counter-terrorist financing measures. It finds that Seychelles has a low level of effectiveness in 11 of its core objectives. On a technical level, it finds Seychelles to be partially compliant or non-compliant in over half of the 40 Financial Action Task Force recommendations. Overall, the report gives Seychelles poor ratings for both the effectiveness and technical implementation of its anti-money laundering and counter-terrorism financing systems.
The document is a mutual evaluation report on Cambodia's anti-money laundering and counter-terrorist financing measures. It finds that Cambodia has improved its technical compliance with international standards since 2007, but its regime is not fully effective given ML threats. Cambodia completed its first national risk assessment in 2016, giving it an understanding of ML/TF risks like fraud and corruption, but the assessment had gaps and risks from certain sectors were assessed differently. Cooperation and application of a risk-based approach need to be strengthened for Cambodia to have an effective AML/CFT system.
This document contains a mutual evaluation report on anti-money laundering and counter-terrorist financing measures in Senegal from May 2018. It finds that Senegal has achieved low effectiveness in 11 of its core objectives to combat money laundering and terrorist financing. On technical compliance, it rates Senegal as partially compliant or non-compliant on 25 of the 40 FATF recommendations. Overall, the report identifies several priority areas for Senegal to strengthen its anti-money laundering and counter-terrorist financing regime.
This document is a mutual evaluation report on anti-money laundering and counter-terrorist financing measures in Tajikistan. It provides ratings on Tajikistan's level of effectiveness and technical compliance with FATF recommendations. Overall, Tajikistan was found to have a substantial system for combating money laundering and terrorist financing risks, though more progress is needed, particularly in prosecuting money laundering, applying targeted financial sanctions, and regulating designated non-financial businesses and professions. The report includes detailed ratings across 11 immediate outcomes and 40 technical compliance components.
The document is a mutual evaluation report on Mongolia's anti-money laundering and counter-terrorist financing measures. It finds that Mongolia faces threats from money laundering related to crimes like fraud, environmental crimes, and corruption. Terrorist financing risks are limited. Mongolia achieved low effectiveness for most outcomes related to preventing and investigating these issues. It identifies that Mongolia needs to improve understanding of risks, apply its national risk assessment, and better use financial intelligence.
The document is a mutual evaluation report on anti-money laundering and counter-terrorist financing measures in the Netherlands. It provides key findings, ratings on effectiveness and technical compliance. Overall, the Netherlands demonstrates a good understanding of risks and has a robust system for domestic cooperation. However, some sectors show limited understanding of risks and obligations. Sanctions for money laundering are generally low. Implementation of targeted financial sanctions requires improved supervision of certain entities.
This document is a mutual evaluation report by MONEYVAL that assesses Albania's anti-money laundering and counter-terrorist financing measures. It finds that Albania has achieved moderate to substantial effectiveness in 11 of its core objectives, with lower effectiveness for terrorist financing investigations and proliferation financing prevention. Technically, Albania was found to be compliant or largely compliant for most recommendations, but partially compliant for others related to transparency of legal persons and arrangements, regulation/supervision, and sanctions.
Assessment of the measures to combat money laundering and the financing of terrorism and proliferation in Switzerland: ratings, key findings and priority actions.
This document is a mutual evaluation report from September 2018 that assesses the anti-money laundering and counter-terrorist financing measures in place in the Cook Islands. It provides ratings on the Cook Islands' level of effectiveness and technical compliance in 11 areas related to combating money laundering and terrorist financing. The ratings indicate the Cook Islands has achieved substantial or moderate effectiveness in most areas but is low or moderate in investigating money laundering offenses, confiscating proceeds of crime, and applying sanctions.
The document is a mutual evaluation report on South Africa's anti-money laundering and counter-terrorist financing system. It finds that while South Africa understands some domestic money laundering risks, it has a limited understanding of relative scales, vulnerabilities, and threats from foreign predicates. Understanding of terrorist financing risks is also underdeveloped. It identifies several priority actions for South Africa to strengthen its framework, including developing policies to address higher risk areas, improving international cooperation, and enhancing supervision of at-risk sectors.
The document is a mutual evaluation report from April 2021 that assesses New Zealand's anti-money laundering and counter-terrorist financing framework. It provides ratings for New Zealand's level of effectiveness and technical compliance, identifies key strengths and findings, and lists priority actions. Some of New Zealand's strengths identified include understanding money laundering/terrorist financing risks and coordinating domestic actions. Areas for improvement include increasing the availability of beneficial ownership information and ensuring adequate supervision of banks and implementation of targeted financial sanctions.
Indira awas yojana housing scheme renamed as PMAYnarinav14
Indira Awas Yojana (IAY) played a significant role in addressing rural housing needs in India. It emerged as a comprehensive program for affordable housing solutions in rural areas, predating the government’s broader focus on mass housing initiatives.
karnataka housing board schemes . all schemesnarinav14
The Karnataka government, along with the central government’s Pradhan Mantri Awas Yojana (PMAY), offers various housing schemes to cater to the diverse needs of citizens across the state. This article provides a comprehensive overview of the major housing schemes available in the Karnataka housing board for both urban and rural areas in 2024.
United Nations World Oceans Day 2024; June 8th " Awaken new dephts".Christina Parmionova
The program will expand our perspectives and appreciation for our blue planet, build new foundations for our relationship to the ocean, and ignite a wave of action toward necessary change.
This report explores the significance of border towns and spaces for strengthening responses to young people on the move. In particular it explores the linkages of young people to local service centres with the aim of further developing service, protection, and support strategies for migrant children in border areas across the region. The report is based on a small-scale fieldwork study in the border towns of Chipata and Katete in Zambia conducted in July 2023. Border towns and spaces provide a rich source of information about issues related to the informal or irregular movement of young people across borders, including smuggling and trafficking. They can help build a picture of the nature and scope of the type of movement young migrants undertake and also the forms of protection available to them. Border towns and spaces also provide a lens through which we can better understand the vulnerabilities of young people on the move and, critically, the strategies they use to navigate challenges and access support.
The findings in this report highlight some of the key factors shaping the experiences and vulnerabilities of young people on the move – particularly their proximity to border spaces and how this affects the risks that they face. The report describes strategies that young people on the move employ to remain below the radar of visibility to state and non-state actors due to fear of arrest, detention, and deportation while also trying to keep themselves safe and access support in border towns. These strategies of (in)visibility provide a way to protect themselves yet at the same time also heighten some of the risks young people face as their vulnerabilities are not always recognised by those who could offer support.
In this report we show that the realities and challenges of life and migration in this region and in Zambia need to be better understood for support to be strengthened and tuned to meet the specific needs of young people on the move. This includes understanding the role of state and non-state stakeholders, the impact of laws and policies and, critically, the experiences of the young people themselves. We provide recommendations for immediate action, recommendations for programming to support young people on the move in the two towns that would reduce risk for young people in this area, and recommendations for longer term policy advocacy.
Jennifer Schaus and Associates hosts a complimentary webinar series on The FAR in 2024. Join the webinars on Wednesdays and Fridays at noon, eastern.
Recordings are on YouTube and the company website.
https://www.youtube.com/@jenniferschaus/videos
Contributi dei parlamentari del PD - Contributi L. 3/2019Partito democratico
DI SEGUITO SONO PUBBLICATI, AI SENSI DELL'ART. 11 DELLA LEGGE N. 3/2019, GLI IMPORTI RICEVUTI DALL'ENTRATA IN VIGORE DELLA SUDDETTA NORMA (31/01/2019) E FINO AL MESE SOLARE ANTECEDENTE QUELLO DELLA PUBBLICAZIONE SUL PRESENTE SITO
The Antyodaya Saral Haryana Portal is a pioneering initiative by the Government of Haryana aimed at providing citizens with seamless access to a wide range of government services
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Iceland mer ratings
1. Anti-money laundering and counter-terrorist financing measures in Iceland – Mutual Evaluation Report – April 2018 1
Anti-money laundering and counter-
terrorist financing (AML/CFT)
measures in Iceland
Fourth Round Mutual Evaluation
Key findings, ratings and priority actions
April 2018
http://www.fatf-gafi.org/publications/mutualevaluations/documents/mer-iceland-2018.html
2. Anti-money laundering and counter-terrorist financing measures in Iceland – Mutual Evaluation Report – April 2018
Ratings – Effectiveness (1/3)
2
Immediate outcome of an effective system to combat money
laundering (ML) and terrorist financing (TF)
Extent to
which
Iceland has
achieved this
objective
1. ML and TF risks are understood and, where appropriate,
actions co-ordinated domestically to combat ML and TF
Low
2. International co-operation delivers appropriate information,
financial intelligence, and evidence, and facilitates action
against criminals and their assets
Substantial
3. Supervisors appropriately supervise, monitor and regulate
financial institutions and designated non-financial
businesses and professions (DNFBPs) for compliance with
AML/CFT requirements commensurate with their risks.
Low
4. Financial institutions and DNFBPs adequately apply AML/CFT
preventive measures commensurate with their risks, and
report suspicious transactions.
Low
3. Anti-money laundering and counter-terrorist financing measures in Iceland – Mutual Evaluation Report – April 2018 3
Immediate outcome of an effective system to combat money
laundering (ML) and terrorist financing (TF)
Extent to
which
Iceland has
achieved this
objective
5. Legal persons and arrangements are prevented from misuse
for money laundering or terrorist financing, and information
on their beneficial ownership is available to competent
authorities without impediments
Low
6. Financial intelligence and all other relevant information are
appropriately used by competent authorities for money
laundering and terrorist financing investigations.
Moderate
7. Money laundering offences and activities are investigated
and offenders are prosecuted and subject to effective,
proportionate and dissuasive sanctions
Moderate
8. Proceeds and instrumentalities of crime are confiscated. Moderate
Ratings – Effectiveness (2/3)
4. Anti-money laundering and counter-terrorist financing measures in Iceland – Mutual Evaluation Report – April 2018 4
Immediate outcome of an effective system to combat money
laundering (ML) and terrorist financing (TF)
Extent to
which
Iceland has
achieved this
objective
9. Terrorist financing offences and activities are investigated
and persons who finance terrorism are prosecuted and
subject to effective, proportionate and dissuasive sanctions.
Moderate
10. Terrorists, terrorist organisations and terrorist financiers are
prevented from raising, moving and using funds, and from
abusing the non-profit sector.
Low
11. Persons and entities involved in the proliferation of weapons
of mass destruction are prevented from raising, moving and
using funds, consistent with the relevant United Nations
Security Council Resolutions.
Low
Ratings – Effectiveness (3/3)
5. Anti-money laundering and counter-terrorist financing measures in Iceland – Mutual Evaluation Report – April 2018 5
Ratings – Effectiveness
April 2018
0 1
46
High
Substantial
Moderate
Low
6. 3-Apr-18
6
Ratings – technical compliance
(1/5)
AML/CFT POLICIES AND COORDINATION
1. Assessing risks & applying a risk-based approach Pa Pa ParPa Partially Compliant
2. National cooperation and coordination Pa Pa ParPa Partially Compliant
MONEY LAUNDERING AND CONFISCATION
3. Money laundering offence Co CoCo Co Compliant
4. Confiscation and provisional measures LarLarLarLar Largely Compliant
TERRORIST FINANCING AND FINANCING OF PROLIFERATION
5. Terrorist financing offence LarLarLarLar Largely Compliant
6. Targeted financial sanctions related to terrorism & terrorist financiPa Pa ParPa Partially Compliant
7. Targeted financial sanctions related to proliferation Pa Pa ParPa Partially Compliant
8. Non-profit organisations No No NonNo Non Compliant
7. 3-Apr-18
7
Ratings – technical compliance
(2/5)
PREVENTIVE MEASURES
9. Financial institution secrecy laws LarLarLarLar Largely Compliant
Customer due diligence and record keeping
10. Customer due diligence Pa Pa ParPa Partially Compliant
11. Record keeping Co CoCoCo Compliant
Additional measures for specific customers and activities
12. Politically exposed persons Pa Pa ParPa Partially Compliant
13. Correspondent banking Pa Pa ParPa Partially Compliant
14. Money or value transfer services LarLarLarLar Largely Compliant
15. New technologies Pa Pa ParPa Partially Compliant
16. Wire transfers Pa Pa ParPa Partially Compliant
8. 3-Apr-18
8
Ratings – technical compliance
(3/5)
PREVENTIVE MEASURES (continued)
Reliance, Controls and Financial Groups
17. Reliance on third parties Pa Pa ParPa Partially Compliant
18. Internal controls and foreign branches and subsidiaries Pa Pa ParPa Partially Compliant
19. Higher-risk countries Pa Pa ParPa Partially Compliant
Reporting of suspicious transactions
20. Reporting of suspicious transactions LarLarLarLar Largely Compliant
21. Tipping-off and confidentiality Co CoCoCo Compliant
Designated non-financial Businesses and Professions (DNFBPs)
22. DNFBPs: Customer due diligence Pa Pa ParPa Partially Compliant
23. DNFBPs: Other measures Pa Pa ParPa Partially Compliant
9. 3-Apr-18
9
Ratings – technical compliance
(4/5)
TRANSPARENCY AND BENEFICIAL OWNERSHIP OF LEGAL PERSONS
AND ARRANGEMENTS
24. Transparency and beneficial ownership of legal persons Pa Pa ParPa Partially Compliant
25. Transparency and beneficial ownership of legal arrangements Pa Pa ParPa Partially Compliant
POWERS AND RESPONSIBILITIES OF COMPETENT AUTHORITIES
AND OTHER INSTITUTIONAL MEASURES
Regulation and Supervision
26. Regulation and supervision of financial institutions Pa Pa ParPa Partially Compliant
27. Powers of supervisors LarLarLarLar Largely Compliant
28. Regulation and supervision of DNFBPs No No NonNo Non Compliant
Operational and Law Enforcement
29. Financial intelligence units LarLarLarLar Largely Compliant
30. Responsibilities of law enforcement and investigative authoritiesCoCoCoCo Compliant
31. Powers of law enforcement and investigative authorities CoCoCoCo Compliant
32. Cash couriers Pa Pa ParPa Partially Compliant
10. 3-Apr-18
10
Ratings – technical compliance
(5/5)
POWERS AND RESPONSIBILITIES OF COMPETENT AUTHORITIES
AND OTHER INSTITUTIONAL MEASURES (continued)
General Requirements
33. Statistics LarLarLarLar Largely Compliant
34. Guidance and feedback Pa Pa ParPa Partially Compliant
Sanctions
35. Sanctions Pa Pa ParPa Partially Compliant
INTERNATIONAL COOPERATION
36. International instruments LarLarLarLar Largely Compliant
37. Mutual legal assistance LarLarLarLar Largely Compliant
38. Mutual legal assistance: freezing and confiscation LarLarLarLar Largely Compliant
39. Extradition LarLarLarLar Largely Compliant
40. Other forms of international cooperation LarLarLarLar Largely Compliant
11. Anti-money laundering and counter-terrorist financing measures in Iceland – Mutual Evaluation Report – April 2018 11
Ratings – technical compliance
April 2018
5
13
20
2
Compliant
Largely compliant
Partially compliant
Non compliant
12. Anti-money laundering and counter-terrorist financing measures in Iceland – Mutual Evaluation Report – April 2018
Key findings
Iceland has taken initial steps to understand its ML/TF risks, with
the completion of its first national risk assessment (NRA) in
January 2017. Nevertheless, this assessment appears to be based
on assumptions or a theoretical understanding of general ML/TF
risks rather than information on factual ML/TF vulnerabilities and
threats specific to Iceland. Similarly, there is limited evidence that
this national assessment was coordinated with previous targeted
risk assessments conducted by the National Police Commissioner.
Co-ordination in the context of AML/CFT is relatively recent and
largely limited to preparation of the NRA. Although co-ordination
has been discussed and may occur informally and on an ad hoc
basis, there is not yet an overarching strategy or functioning
mechanism to ensure domestic co-ordination at the ministerial
level or among competent authorities. This lack of co-ordination
negatively affects Iceland’s entire AML/CFT regime.
12April 2018
13. Anti-money laundering and counter-terrorist financing measures in Iceland – Mutual Evaluation Report – April 2018
Key findings
April 2018 13
Iceland has a good legal framework for investigation and prosecution of
ML and investigative and prosecutorial authorities have developed
expertise in investigating financial crimes following the 2008 bank crisis.
Financial investigations are conducted in many cases, and
multidisciplinary teams are formed to investigate more complex cases.
However, ML has not been a priority for Icelandic authorities. The lack
of resources allocated to identifying, investigating and prosecuting ML
results in a lower level of effectiveness in pursuing ML.
There is evidence that financial intelligence is being used to some
extent to successfully develop and prosecute major cases related to tax
evasion, drug smuggling, and to a lesser extent ML/TF. Feedback from
prosecutors and law enforcement authorities (LEAs) also suggests that
the quality of financial intelligence has improved since 2015.
Nevertheless, there are several impediments to the effective use of
financial intelligence more generally, including (i) limited STR filing
outside of the main commercial banks and payment institutions, and (ii)
lack of information sharing among competent authorities in relation to
cross-border movement of currency and assets, information on NPOs
and beneficial ownership information.
14. Anti-money laundering and counter-terrorist financing measures in Iceland – Mutual Evaluation Report – April 2018
Key findings
There have not been any criminal investigations or prosecutions
of TF in Iceland. This may be due in part to the size, culture,
geographical location and other circumstances of the country.
Iceland has demonstrated effective co-operation with other
countries’ security services, particularly the other Nordic
countries. Intelligence was shared with other countries in which
active investigations were initiated. Nevertheless, there appears
to be a lack of consideration of the TF vulnerabilities in Iceland by
LEAs. Limited financial investigative expertise allocated to TF
matters within the Icelandic police may hamper Iceland’s ability
to put appropriate emphasis on CFT measures.
While the large commercial banks have some understanding of
the ML risk to which they are exposed (and to a lesser extent TF),
other financial institutions (FIs) and DNFBPs appear not to assess
the ML/TF risk to which they are exposed and have not
demonstrated an understanding of any such risks. Similarly, while
the commercial banks demonstrated a reasonable understanding
of their AML/CFT obligations, this understanding was much lower
among other FIs and DNFBPs.
14April 2018
15. Anti-money laundering and counter-terrorist financing measures in Iceland – Mutual Evaluation Report – April 2018
Key findings
15April 2018
Iceland generally has a comprehensive licencing and registration framework in
place to prevent criminals and their associates from holding or being the
beneficial owner of a significant or controlling interest in FIs and to a lesser
extent DNFBPs. While the FSA has begun to identify some areas of risk,
inspections and other supervisory measures are not yet conducted using a
comprehensive risk-based approach. DNFBP supervisors, including self-
regulating bodies (SRBs), have limited understanding of the risks facing their
sectors, are not fully aware of their responsibilities as AML/CFT supervisors.
Generally, DNFBP supervisors have not begun AML/CFT supervision of their
respective sectors.
Iceland has not assessed or identified how legal persons or foreign legal
arrangements can be misused. Iceland recognises that legal persons may be
misused; however, it is generally assumed that the misuse is for tax evasion.
Iceland has implemented some preventative measures designed to prevent the
misuse of legal persons for ML and TF, including the collection of basic and legal
ownership information. In practice, it is not clear that such information is
accurate and kept up-to-date, and the authorities face challenges in obtaining
timely access to beneficial ownership information.
16. Anti-money laundering and counter-terrorist financing measures in Iceland – Mutual Evaluation Report – April 2018
Key findings
16April 2018
Iceland has a good legal and procedural framework for
international co-operation and assistance has been
provided in a timely manner in both ML and TF cases. There
is, in various areas and between different authorities,
effective co-operation between Iceland and the other
Nordic countries. LEAs actively seek informal and formal
international co-operation and legal assistance in a wide
range of cases when intelligence, information or evidence is
needed from other countries or when assets can be seized
or frozen. However, the instances when these mechanisms
have been used in relation to ML/TF are limited by the low
number of ML/TF investigations.
17. Anti-money laundering and counter-terrorist financing measures in Iceland – Mutual Evaluation Report – April 2018
Priority Actions for Iceland to
strengthen its AML/CFT System
17April 2018
Begin as soon as possible to revise the 2017 ML/TF risk
assessment in order to more accurately reflect the available
quantitative and qualitative information reflecting actual and
potential illicit financial activity in Iceland.
Develop national AML/CFT operational policies and co-ordination
mechanisms to ensure competent authorities share ML/TF
information on an ongoing basis and work together as
appropriate to pursue criminal investigations targeting illicit
finance.
Competent authorities should conduct outreach to reporting
entities to ensure provision of guidance and feedback on trends,
typologies and red flag indicators for ML/TF consistent with a
revised NRA. Similarly, Icelandic authorities should further
enhance the human and technical resources of FIU-ICE to enable
more effective operations and increase capacity for conducting
strategic analysis.
18. Anti-money laundering and counter-terrorist financing measures in Iceland – Mutual Evaluation Report – April 2018
Priority Actions for Iceland to
strengthen its AML/CFT System
Iceland should establish clear priorities for the law enforcement
agencies responsible for investigating ML and predicate offences.
Customs, police assigned to the borders, the DTI and other law
enforcement should increase co-operation and co-ordination,
especially the DTI and DPO, to enable parallel financial investigations
to occur.
Based on a comprehensive risk assessment, Iceland should take
steps to ensure appropriate capacity, including available resources
and financial expertise, for developing TF intelligence and
conducting TF investigations, in accordance with its TF risk profile.
Iceland should establish a framework for effective implementation
of targeted financial sanctions for TF and PF. The FSA and Ministry of
Foreign Affairs should establish policies and procedures for
monitoring FIs and DNFBPs for compliance with the TFS for TF and
PF.
18April 2018
19. Anti-money laundering and counter-terrorist financing measures in Iceland – Mutual Evaluation Report – April 2018
Priority Actions for Iceland to
strengthen its AML/CFT System
Competent authorities should ensure that FIs and DNFBPs have a
risk based approach to their AML/CFT measures, and should give
the reporting entities more guidance on how to establish
effective AML/CFT measures.
Supervisors should take steps to deepen their understanding of
the ML/TF risks within the institutions and sectors that they
supervise, and should implement a risk based approach to AML/
CFT supervision on the basis of the ML/TF risks identified.
Iceland should increase supervisory resources at the FSA and
Consumer Agency to enable appropriate on-site and off-site
actions commensurate with the risks within the financial and
DNFBP sectors.
Iceland should assess the ML/TF risks associated with the
different legal persons and should establish appropriate
mitigating measures that are commensurate with the identified
risks.
19April 2018