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
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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

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.