Peru's measures to combat money laundering and terrorist financing

Publication details

Language

English

Country
Mutual Evaluation of Peru

This report provides a summary of the anti-money laundering/combating the financing of terrorism (AML/CFT) measures in place in Peru as at the date of the on-site visit (May 21 to June 1, 2018). It analyses the level of compliance with the Financial Action Task Force (FATF) 40 Recommendations and the level of effectiveness of Peru's AML/CFT system, and provides recommendations on how the system could be strengthened.

The findings of this assessment have been reviewed and endorsed by the FATF.

Please refer to the Executive Summary of the report for the Key Findings and Priority Actions.

GAFILAT Mutual Evaluation of Peru

Filename
GAFILAT-Mutual-Evaluation-Peru-2019.pdf
Size
3 MB
Format
application/pdf
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Technical Compliance

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

Peru Mutual Evaluation 2019

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

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

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.

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.

Peru Mutual Evaluation 2019

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

HE = high level of effectiveness   |   SE = substantial level of effectiveness    |   ME = moderate level of effectiveness   |   LE = low level of effectiveness

Related materials

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
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FATF Methodology for assessing compliance with the FATF Recommendations and the effectiveness of AML/CFT systems

The FATF Methodology for assessing compliance with the FATF Recommendations and the effectiveness of AML/CFT systems sets out the evaluation process.