Nicaragua's measures to combat money laundering and terrorist financing

The (GAFILAT) completed its assessment of Nicaragua's anti-money laundering and counter-terrorist financing (AML/CFT) system. The assessment is a comprehensive review of the effectiveness of Nicaragua's ' AML/CFT system and its level of compliance with the FATF Recommendations. The mutual evaluation report was adopted at the GAFILAT Plenary in July 2017, following which, the report was subject to a quality and consistency review. 

Nicaragua has made important efforts to understand its risks and has completed the ML/TF National Risk Assessment (ML/TF NRA), and on that basis and on that basis, it has developed a National Strategy and AML/CTF National Action Plan (NAP). Authorities have conducted efforts for combating ML related to its main threats: drug-trafficking and organized crime.

The findings of this assessment have also been reviewed and endorsed by the FATF. 

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