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

Publication details

Language

Country

Madagascar

Topic

Mutual Evaluations

ESAAMLG Follow-Up Report Madagascar - 2023

Filename: Madagascar-ESAAMLG-Follow-Up-Report-2023.pdf
Size: 805 KB
Format: application/pdf

Download

5 June 2023 - Madagascar has made significant overall progress in resolving the technical compliance shortcomings identified in its 2018 Mutual Evaluation Report.

Seven Recommendations have been re-rated.

Recommendation 1 initially rated NC is upgraded to Compliant
Recommendation 10 initially rated NC is upgraded to Partially Compliant
Recommendation 13 initially rated Partially Compliant is upgraded to Compliant
Recommendation 16 initially rated NC is upgraded to Partially Compliant
Recommendation 19 initially rated Partially Compliant is upgraded to Largely Compliant
Recommendation 32 initially rated Partially Compliant is upgraded to Largely Compliant
Recommendation 34 initially rated NC is upgraded to Partially Compliant

Madagascar will remain in enhanced follow-up.

Technical Compliance

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

Related materials

Eastern and Southern Africa Anti-Money Laundering Group (ESAAMLG)

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