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

Publication details

Language

English

Country

Antigua and Barbuda

The Cayman Islands 2nd Enhanced Follow Up Report and Analytical Tool

Since the assessment of Antigua and Barbuda’s measures against money laundering and terrorist financing, the country has taken actions to strengthen its AML/CFT framework.

Antigua and Barbuda, a member of FATF Associate member the Caribbean Financial Action Task Force (CFATF), has been under enhanced monitoring since the adoption of its Mutual Evaluation Report. In line with the CFATF Procedures for the Fourth Round of Mutual AML/CFT Evaluations, the country has reported back to the CFATF on the actions it has taken since its mutual evaluation and its 2nd Enhanced Follow-up Report.

Consequently, to reflect the progress of Antigua and Barbuda, the CFATF has re-rated the country in relation to Recommendation 7 from Non-Compliant to Partially Compliant; Recommendations 22 and 40 from Partially Compliant to  Largely Compliant; Recommendations 28 and 37 from Partially Compliant to Compliant;  andRecommendation 2 from Largely Compliant to Compliant.

Today, Antigua and Barbuda is Compliant with 11 Recommendations and Largely Compliant on 25 of them.

CFATF Follow-up Report Antigua and Barbuda 2021

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CFATF-FUR-Antigua-and-Barbuda-2021.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.

Antigua and Barbuda Follow-Up report 2021

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

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

Earlier report

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