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

This follow-up report sets out the progress that Cabo Verde, member of FATF-Style Regional Body, Inter Governmental Action Group against Money Laundering in West Africa (GIABA) has made in improving its level of compliance with the FATF standards, since their 2019 mutual evaluation.

Overall, Cabo Verde has not made sufficient progress in addressing the technical compliance deficiencies in the MER and has been re-rated on 2 Recommendations.

• Recommendation 7 has been re-rated from LC to PC
• Recommendation 21 has been re-rated from C to LC

Cabo Verde will remain on the Enhanced Follow-up process and will continue to report to the GIABA Plenary on progress to strengthen its implementation of AML/CFT measures.

GIABA Mutual Evaluation Report Cabo Verde - 2019

GIABA