Guyana

Dominica

Country: countries:dominica
Assessment Body: regional-bodies:cfatf
Last evaluation: 2019-07-01 00:00
Possible onsite period: 2022-08-01 00:00
Possible Plenary discussion: 2022-05-01 00:00

Guyana assessment schedule

Related publications

7 Mar 2025

Guyana's measures to combat money laundering and terrorist financing The Caribbean Financial Action Task Force (CFATF) completed an assessment of Guyana's measures to combat money laundering and terrorist financing.
16 Nov 2016

CFATF Public Statement on Haiti, Suriname and Guyana The Caribbean Financial Action Task Force (CFATF) issued a public statement on Haiti's lack of progress to address strategic deficiencies in its anti-money laundering and counter-terrorist financing (AML/CFT) regime. CFATF acknowledged the significant progress made by Suriname in improving its AML/CFT regime. Guyana is no longer subject to the CFATF-ICRG review process.
21 Oct 2016

Improving Global AML/CFT Compliance: on-going process - 21 October 2016 The FATF recognised that Guyana had made significant progress in improving its regime to combat money laundering and terrorist financing and will therefore no longer be subject to the FATF’s monitoring process. The FATF identified jurisdictions which have strategic AML/CFT deficiencies for which they have developed an action plan with the FATF.
21 Oct 2016

Outcomes of the Plenary meeting of the FATF, Paris, 19-21 October 2016 Under the Spanish Presidency of Mr. Vega-Serrano, delegates discussed the global response to terrorist financing, the decline of correspondent banking relationships, transparency and beneficial ownership. Delegates also discussed the assessments of measures to combat money laundering and terrorist financing in Switzerland and the United States. The Plenary issued a statement on Brazil's progress to address the serious deficiencies identified in its mutual evaluation reports, and the important issues that remain unresolved
24 Jun 2016

Improving Global AML/CFT Compliance: on-going process – 24 June 2016 The FATF recognised that Myanmar and Papua New Guinea have made significant progress in improving their regimes to combat money laundering and terrorist financing and will therefore no longer be subject to the FATF’s monitoring process.The FATF identified jurisdictions which have strategic AML/CFT deficiencies for which they have developed an action plan with the FATF.
19 Feb 2016

Improving Global AML/CFT Compliance: on-going process – 19 February 2016 The FATF recognised that Algeria, Angola and Panama have made significant progress in improving their regimes to combat money laundering and terrorist financing and will therefore no longer be subject to the FATF’s monitoring process.The FATF identified jurisdictions which have strategic AML/CFT deficiencies for which they have developed an action plan with the FATF.
23 Oct 2015

Improving Global AML/CFT Compliance: on-going process – 23 October 2015 The FATF identified jurisdictions which have strategic AML/CFT deficiencies for which they have developed an action plan with the FATF. The FATF recognised that Indonesia has made significant progress in improving their AML/CFT regime and will therefore no longer be subject to the FATF’s monitoring process.
26 Jun 2015

Improving Global AML/CFT Compliance: on-going process – 26 June 2015 The FATF identified jurisdictions which have strategic AML/CFT deficiencies for which they have developed an action plan with the FATF. The FATF recognised that Indonesia has made significant progress in improving their AML/CFT regime and will therefore no longer be subject to the FATF’s monitoring process.
27 Feb 2015

Improving Global AML/CFT Compliance: on-going process – 27 February 2015 The FATF identified jurisdictions which have strategic AML/CFT deficiencies for which they have developed an action plan with the FATF. The FATF recognised that Albania, Cambodia, Kuwait, Namibia, Nicaragua, Pakistan and Zimbabwe have made significant progress in improving their AML/CFT regime and will therefore no longer be subject to the FATF’s monitoring process.
24 Oct 2014

Improving Global AML/CFT Compliance: on-going process – 24 October 2014 The FATF identified jurisdictions which have strategic weaknesses in their anti-money laundering and counter terrorist financing (AML/CTF) framework. These countries have developed an action plan with the FATF to address these AML/CTF weaknesses. FATF congratulates Argentina, Cuba, Ethiopia, Tajikistan and Turkey for the strategic progress made in addressing the AML/CFT deficiencies earlier identified by the FATF.
30 May 2014

CFATF decides to call for counter measures against Guyana and recognises significant progress made by Belize The Caribbean Financial Action Task Force has identified Guyana, as a jurisdiction with strategic AML/CFT deficiencies and has called 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 Guyana. CFATF has referred Guyana to the FATF. CFATF recognised the significant progress made by Belize to address AML/CFT deficiencies.
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.
15 May 2012

Follow-up Reports to the Mutual Evaluation of Guyana The follow-up reports, presented at the CFATF Plenary meetings, provide an analysis of the progress made by Guyana to correct the deficiencies identified in the Mutual Evaluation Report MER which was adopted by the CFATF Council of Ministers in May 2011.
25 Jul 2011

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