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Financial Services Unit

CFATF Public Statement, Turks and Caicos, November 9th, 2016

The Caribbean Financial Action Task Force (CFATF) is an organisation of twenty-seven jurisdictions of the Caribbean Basin Region, which have agreed to implement the international standards for Anti-money Laundering and Combating the Financing of Terrorism (AML/CFT), Financial Action Task Force Recommendations (FATF Recommendations). In order to protect the international financial system from money laundering and financing of terrorism (ML/FT) risks and to encourage greater compliance with the AML/CFT standards, the CFATF identified jurisdictions that have strategic deficiencies and works with them to address those deficiencies that pose a risk to the international financial system.

Jurisdiction with strategic AML/CFT deficiencies that has not made sufficient progress in addressing the deficiencies or has not complied with the Action Plan developed with the CFATF to address these deficiencies. The CFATF calls on its members to consider the risks arising from the deficiencies associated with each jurisdiction, as described below.

Read the entire CFATF Public Statement, Turks and Caicos, November 9th, 2016 (PDF, 376 KB).

Posted: 05/04/2017

CFTAF Public Statement on Suriname - November 2015

Port of Spain, Trinidad and Tobago, November 25th, 2015. - The Caribbean Financial Action Task Force (CFATF) is an organization of twenty seven jurisdictions of the Caribbean Basin Region, which has agreed to implement the international standards for Anti-money Laundering and Combating the Financing of Terrorism (AML/CFT) - Financial Action Task Force Recommendations (FATF Recommendations). In order to protect the international financial system from money laundering and financing of terrorism (ML/FT) risks and to encourage greater compliance with the AML/CFT standards, the CFATF identified jurisdictions that have strategic deficiencies and works with them to address those deficiencies that pose a risk to the international financial system.

Read more: CFTAF Public Statement on Suriname - November 2015

FATF Public Statement October 2014

Please take note of these jurisdictions subject to a call for counter-measures: Iran, Democratic People's Republic of Korea and these Jurisdictions with strategic AML/CFT deficiencies that have not made sufficient progress in addressing the deficiencies: Algeria, Ecuador, Indonesia and Myanmar.

Read more:  FATF Public Statement October 2014 

FATF Public Statements - June 2014

Paris, 27 June 2014 - The Financial Action Task Force (FATF) is the global standard setting body for anti-money laundering and combating the financing of terrorism (AML/CFT).

Read more: FATF Public Statements - June 2014

Procedures For Freezing Assets Of Designated Terrorist Or Terrorist Organizations

Procedures For Freezing Assets Of Designated Terrorist Or Terrorist Organizations

It is a requirement of UNSCR 1373 that funds and assets of persons designated as a terrorist or terrorist organization is frozen without undue delay. The following outlines the procedure that is adopted in giving effect to the captioned resolution:

Read more: Procedures For Freezing Assets Of Designated Terrorist Or Terrorist Organizations