Saint Lucia's progress in the combat against money laundering and terrorist financing

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English

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Overall, Saint Lucia has made significant progress in addressing the technical compliance deficiencies identified in its Mutual Evaluation.

The country has been re-rated on the following Recommendations:

Recommendation 1 is upgraded from Partially Compliant to Compliant
Recommendation 2 is upgraded from Partially Compliant to Compliant
Recommendation 3 is upgraded from Partially Compliant to Largely Compliant
Recommendation 5 is upgraded from Partially Compliant to Compliant
Recommendation 10 is upgraded from Partially Compliant to Largely Compliant
Recommendation 12 is upgraded from Partially Compliant to Compliant
Recommendation 14 is upgraded from Partially Compliant to Largely Compliant
Recommendation 16 is upgraded from Non-Compliant to Compliant
Recommendation 17 is upgraded from Partially Compliant to Compliant
Recommendation 18 is upgraded from Partially Compliant to Compliant
Recommendation 19 is upgraded from Non-Compliant to Compliant
Recommendation 20 is upgraded from Partially Compliant to Compliant
Recommendation 22 is upgraded from Partially Compliant to Largely Compliant
Recommendation 23 is upgraded from Partially Compliant to Compliant
Recommendation 27 is upgraded from Partially Compliant to Compliant
Recommendation 29 is upgraded from Partially Compliant to Compliant
Recommendation 34 is upgraded from Partially Compliant to Compliant
Recommendation 35 is upgraded from Partially Compliant to Largely Compliant
Recommendation 37 is upgraded from Partially Compliant to Largely Compliant
Recommendation 40 is upgraded from Partially Compliant to Largely Compliant

Saint Lucia remains partially compliant with Recommendation 15 and 38.

Saint Lucia has 30 Recommendations rated C/LC. Saint Lucia will remain in enhanced follow-up based on effectiveness ratings. Saint Lucia’s next enhanced follow-up report is due November 2024.

CFATF Saint Lucia Follow-Up Report - 2024

Filename: Saint Lucia-CFATF-4mer-3fur-.pdf
Size: 850 KB
Format: application/pdf

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Earlier reports

2 Feb 2021

Saint Lucia's measures to combat money laundering and terrorist financing This report provides a summary of the Anti-Money Laundering/Countering Financing of Terrorism (AML/CFT) measures in place in Saint Lucia as at the date of the on-site visit September 16th-27th, 2019. It analyses the level of compliance with the FATF 40 Recommendations and the level of effectiveness of Saint Lucia's AML/CFT system and provides recommendations on how the system could be strengthened
8 Nov 2011

Follow-up Reports to the Mutual Evaluation of Saint Lucia The follow-up reports, presented at the CFATF Plenary meetings, provide an analysis of the progress made by Saint Lucia to correct the deficiencies identified in the Mutual Evaluation Report MER which was adopted by the CFATF Council of Ministers in November 2008.
21 Nov 2008

Mutual Evaluation of Saint Lucia Saint Lucia is a member of CFATF, the assessment of the implementation of anti-money laundering and counter-terrorist financing (AML/CFT measures in Saint Lucia was conducted by CFATF.

Related materials

CFATF

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

Read more Consolidated assessment ratings