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

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English

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This follow-up report sets out the progress that Cuba, member of FATF-Style Regional Body, Financial Action Task Force of Latin America (GAFILAT), has made in improving its level of compliance with the FATF standards, since their 2015 mutual evaluation and subsequent follow-up reports. As a result, Recommendation 7 has been rere-rated from largely compliant to compliant.

Cuba is now “compliant” with 19 of the forty FATF Recommendations, “largely compliant” with 19 Recommendations and “partially compliant” with two Recommendations. The country has no “non-compliant” ratings.

GAFILAT Follow-up Report Cuba - 2022

Filename: GAFILAT-FUR-Cuba-2022.pdf
Size: 750 KB
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.

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

Earlier reports

26 Jan 2021

Cuba's progress in strengthening measures to tackle money laundering and terrorist financing This follow-up report analyses progress made by Cuba in addressing certain technical compliance deficiencies identified in its MER and FUR.
31 Oct 2017

Technical Analysis of FATF Recommendations: Re-rating of Cuba - 2017 This report analyses Cuba' progress in addressing the technical compliance deficiencies identified in the GAFILAT Mutual Evaluation Report of 2015.
17 Dec 2015

Mutual Evaluation of Cuba This GAFILAT report provides a summary of the anti-money laundering (AML) / counter-terrorist financing (CFT) measures in place in Cuba. The report provides recommendations on how Cuba's AML/CFT system could be strengthened.

Related materials

GAFILAT

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.

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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

The 2022 and 2013 Methodologies for Assessing Technical Compliance with the FATF Recommendations and the Effectiveness of AML/CFT/CPF Systems

These documents are guides intended for use by assessors who are tasked with conducting a mutual evaluation. They provide a structured framework of analysis that ensures a level of consistency and high quality of the mutual evaluation reports produced. Latest update: August 2024