Assessing Implementation of FATF ML/FT Recommendations

Explore the assessment and effectiveness of implementing FATF's ML/FT International Recommendations in the region, analyzing technical compliance, risk factors, and contextual integration. Learn about the rating system, inputs to effectiveness analysis, and ratings for effectiveness levels.

• FATF
• ML/FT
• Recommendations
• Compliance
• Effectiveness

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1. Implementation of FATFs ML/FT International Recommendations in the Region: achievements and gaps 16 September 2024

2. The FATF Methodology Technical Compliance Assessment Risk and Context Integrated conclusions and recommendations Effectiveness Assessment

3. Process Overview Analysis of documents on effectiveness Risk, Context and analysis of compliance Desk-based preparation Interviews and inspections On-site visit Initial Findings Country Comments Desk-Based Conclusions & recommendations

4. What is technical compliance? Implementation of specific requirements of the FATF Recommendations: Laws, Regulations, enforceable means Institutions (powers, processes and procedures) to-do requirements

5. The Rating System Rating Abbr. Description Compliant C There are no shortcomings Largely compliant LC There are only minor shortcomings Partially compliant PC There are moderate shortcomings Non-Compliant NC There are major shortcomings Not applicable NA A requirement does not apply, due to the structural, legal or institutional features of a country When deciding on the level of shortcomings for any Recommendations, assessors should consider, having regard to the country context, the number and the relative importance of the criteria met or not met.

6. Inputs to Effectiveness Analysis Documents and Data Technical Compliance Risk & Context Narrative Initial Analysis On-site meetings Conclusions & recommendations

7. Ratings for Effectiveness Rating Description High level of effectiveness The Immediate Outcome is achieved to a very large extent. Minor improvements needed. Substantial level of effectiveness The Immediate Outcome is achieved to a large extent. Moderate improvements needed. Moderate level of effectiveness The Immediate Outcome is achieved to some extent. Major improvements needed. Low level of effectiveness The Immediate Outcome is not achieved or achieved to a negligible extent. Fundamental improvements needed.

8. Antigua & Barbuda 5 Trinidad and Tobago Bahamas 4 Peru Barbados 3 Compliance rating 2 Panama Colombia 1 Nicaragua Costa Rica Mexico Dominican Republic Jamaica Guatemala Honduras Haiti

9. R12: Politically Exposed Persons (PEPs) Antigua & Barbuda 5 Trinidad and Tobago Bahamas 4 Peru Barbados 3 2 Panama Colombia 1 0 Nicaragua Costa Rica Mexico Dominican Republic Jamaica Guatemala Honduras Haiti

10. R30: Responsibilities of Law Enforcement and Investigative Authorities R30 Antigua & Barbuda 5 Trinidad and Tobago Bahamas 4 Peru Barbados 3 2 Panama Colombia 1 0 Nicaragua Costa Rica Mexico Dominican Republic Jamaica Guatemala Honduras Haiti

11. R37: Mutual Legal Assistance R37 Antigua & Barbuda 5 Trinidad and Tobago Bahamas 4 Peru Barbados 3 2 Panama Colombia 1 0 Nicaragua Costa Rica Mexico Dominican Republic Jamaica Guatemala Honduras Haiti

12. R38: Mutual Legal Assistance: Freezing and Confiscation R38 Antigua & Barbuda 5 Trinidad and Tobago Bahamas 4 Peru Barbados 3 2 Panama Colombia 1 0 Nicaragua Costa Rica Mexico Dominican Republic Jamaica Guatemala Honduras Haiti

13. R12 R30 R37 R38 Antigua & Barbuda 5 Trinidad and Tobago Bahamas 4 Peru Barbados 3 2 Panama Colombia 1 0 Nicaragua Costa Rica Mexico Dominican Republic Jamaica Guatemala Honduras Haiti

14. IO2: International co-operation delivers appropriate information, financial intelligence, and evidence, and facilitates action against criminals and their assets Antigua & Barbuda 5 Trinidad and Tobago Bahamas 4 Peru Barbados 3 2 Panama Colombia 1 IO2 0 Nicaragua Costa Rica Mexico Dominican Republic Jamaica Guatemala Honduras Haiti

15. IO5: 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. Antigua & Barbuda 5 Trinidad and Tobago Bahamas 4 Peru Barbados 3 2 Panama Colombia 1 IO5 0 Nicaragua Costa Rica Mexico Dominican Republic Jamaica Guatemala Honduras Haiti

16. IO8: Proceeds and instrumentalities of crime are confiscated. Antigua & Barbuda 5 Trinidad and Tobago Bahamas 4 Peru Barbados 3 2 Panama Colombia 1 IO8 0 Nicaragua Costa Rica Mexico Dominican Republic Jamaica Guatemala Honduras Haiti

17. IO2 IO5 IO8 Antigua & Barbuda 5 Trinidad and Tobago Bahamas 4 Peru Barbados 3 2 Panama Colombia 1 0 Nicaragua Costa Rica Mexico Dominican Republic Jamaica Guatemala Honduras Haiti

18. Conclusion

19. John Grajales Technical Specialist Department against Transnational Organized Crime (DTOC) jgrajales@oas.org