Colombia's progress in strengthening measures to tackle money laundering and terrorist financing

Publication details

Language

English

Country

Colombia

Topic

Mutual Evaluations

GAFILAT Follow-up Report Colombia - 2022

Filename: GAFILAT-FUR-Colombia-2022.pdf
Size: 895 KB
Format: application/pdf

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This follow-up report sets out the progress that Colombia, member of FATF-Style Regional Body, Financial Action Task Force of Latin America (GAFILAT), has made in improving its level of compliance with the FATF standards, since their 2018 mutual evaluation. As a result, Colombia has been rere-rated on the following Recommendations:

Recommendation 13 from partially compliant to compliant
Recommendation 16 from partially compliant to compliant
Recommendation 19 from partially compliant to compliant
Recommendation 33 from partially compliant to compliant
Recommendation 34 from partially compliant to compliant

Colombia is now “compliant” with 13 of the forty FATF Recommendations, “largely compliant” with 16 Recommendations and “partially compliant” with 10 Recommendations. The country has one “non-compliant” rating.

Colombia's measures to combat money laundering and terrorist financing

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GAFILAT

The FATF Recommendations

The FATF Recommendations are the basis on which all countries should meet the shared objective of tackling money laundering, terrorist financing and the financing of proliferation. The FATF calls upon all countries to effectively implement these measures in their national systems.

Mutual Evaluations

The FATF conducts peer reviews of each member on an ongoing basis to assess levels of implementation of the FATF Recommendations, providing an in-depth description and analysis of each country’s system for preventing criminal abuse of the financial system

Read more Consolidated assessment ratings