Dominica

Related publications

  • 27 Jul 2023

    Dominica's measures to combat money laundering and terrorist financing The evaluation was based on information provided by Dominica in the technical compliance and effectiveness questionnaire, and information obtained by the assessment team during its on-site visit to the country on 15-26 August, 2022.

  • 21 Nov 2013

    CFATF decides to call for counter measures against Belize and Guyana The Caribbean Financial Action Task Force has identified Belize and Guyana, as jurisdictions with strategic AML/CFT deficiencies that pose a risk to the international financial system. Belize and Guyana are subject a call by CFATF on its members and other jurisdictions to apply counter-measures to protect the international financial system from the on-going and substantial money laundering and terrorist financing (ML/TF risks emanating from these countries. Domenica has made sufficient progress in addressing deficiencies since the public statement of May 2013.

  • 30 May 2013

    CFATF Public Statement The Caribbean Financial Action Task Force (CFATF) has issued a public statement identifying jurisdictions with strategic AML/CFT deficiencies that pose a risk to the international financial system. CFATF, one of the FATF-Style Regional Bodies, works closely with these jurisdictions to address these deficiencies.

  • 19 Oct 2010

    Follow-up Reports to the Mutual Evaluation of Dominica The follow-up reports, presented at the CFATF Plenary meetings, provide an analysis of the progress made by Dominica to correct the deficiencies identified in the Mutual Evaluation Report MER which was adopted by the CFATF Council of Ministers in July 2009.

  • 2 Jul 2009

    Mutual Evaluation of Dominica Dominica is a member of CFATF, the assessment of the implementation of anti-money laundering and counter-terrorist financing (AML/CFT measures in Dominica was conducted by CFATF.

Member of

Ratings

Effectiveness

Ratings that reflect the extent to which a country's measures are effective. The assessment is conducted on the basis of 11 immediate outcomes, which represent key goals that an effective AML/CFT system should achieve.

Benin Follow-Up Report 2023

IO1
LE
IO2
LE
IO3
LE
IO4
LE
IO5
LE
IO6
LE
IO7
LE
IO8
LE
IO9
LE
IO10
LE
IO11
LE

Technical Compliance

Definition

Ratings which reflect the extent to which a country has implemented the technical requirements of the FATF Recommendations.

C = compliant   |   LC = largely compliant     |   PC = partially compliant   |   NC = non-compliant

Benin Follow-Up Report 2023

R.1 - Assessing risk & applying risk-based approach
LC
R.2 - National cooperation and coordination
LC
R.3 - Money laundering offence
LC
R.4 - Confiscation and provisional measures
PC
R.5 - Terrorist financing offence
PC
R.6 - Targeted financial sanctions related to terrorism & terrorist financing
LC
R.7 - Targeted financial sanctions related to proliferation
LC
R.8 - Non-profit organisations
NC
R.9 - Financial institution secrecy laws
C
R.10 - Customer due diligence
PC
R.11 - Record keeping
LC
R.12 - Politically exposed persons
PC
R.13 - Correspondent banking
LC
R.14 - Money or value transfer services
PC
R.15 - New technologies
NC
R.16 - Wire transfers
PC
R.17 - Reliance on third parties
LC
R.18 - Internal controls and foreign branches and subsidiaries
LC
R.19 - Higher-risk countries
NC
R.20 - Reporting of suspicious transactions
PC
R.21 - Tipping-off and confidentiality
C
R.22 - DNFBPs: Customer due diligence
PC
R.23 - DNFBPs: Other measures
PC
R.24 - Transparency and beneficial ownership of legal persons
NC
R.25 - Transparency and beneficial ownership of legal arrangements
NC
R.26 - Regulation and supervision of financial institutions
PC
R.27 - Powers of supervisors
C
R.28 - Regulation and supervision of DNFBPs
NC
R.29 - Financial intelligence units
C
R.30 - Responsibilities of law enforcement and investigative authorities
C
R.31 - Powers of law enforcement and investigative authorities
C
R.32 - Cash couriers
PC
R.33 - Statistics
LC
R.34 - Guidance and feedback
PC
R.35- Sanctions
LC
R.36 - International instruments
LC
R.37 - Mutual legal assistance
C
R.38 - Mutual legal assistance: freezing and confiscation
LC
R.39 - Extradition
LC
R.40 - Other forms of international cooperation
LC