3rd Enhanced Follow-up report of Venezuela

Publication details

Language

English

Spanish

Country

Venezuela

CFATF Venezuela Follow-Up Report - 2025

Filename
CFATF-FUR-Venezuela-2025.pdf
Size
840 KB
Format
application/pdf
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CFATF Venezuela Spanish Follow-Up Report - 2025

Filename
CFATF-FUR-Sp-Venezuela-2025.pdf
Size
812 KB
Format
application/pdf
Leer en español

Technical Compliance

Ratings which reflect the extent to which a country has implemented the technical requirements of the FATF Recommendations.

Venezuela Follow-Up Report - 2025

R.1 - Assessing risk & applying risk-based approach
PC
R.2 - National cooperation and coordination
LC
R.3 - Money laundering offence
LC
R.4 - Confiscation and provisional measures
PC
R.5 - Terrorist financing offence
PC
R.6 - Targeted financial sanctions related to terrorism & terrorist financing
PC
R.7 - Targeted financial sanctions related to proliferation
NC
R.8 - Non-profit organisations
NC
R.9 - Financial institution secrecy laws
LC
R.10 - Customer due diligence
PC
R.11 - Record keeping
LC
R.12 - Politically exposed persons
PC
R.13 - Correspondent banking
LC
R.14 - Money or value transfer services
PC
R.15 - New technologies
PC
R.16 - Wire transfers
PC
R.17 - Reliance on third parties
PC
R.18 - Internal controls and foreign branches and subsidiaries
PC
R.19 - Higher-risk countries
PC
R.20 - Reporting of suspicious transactions
PC
R.21 - Tipping-off and confidentiality
LC
R.22 - DNFBPs: Customer due diligence
PC
R.23 - DNFBPs: Other measures
PC
R.24 - Transparency and beneficial ownership of legal persons
NC
R.25 - Transparency and beneficial ownership of legal arrangements
NC
R.26 - Regulation and supervision of financial institutions
PC
R.27 - Powers of supervisors
PC
R.28 - Regulation and supervision of DNFBPs
PC
R.29 - Financial intelligence units
PC
R.30 - Responsibilities of law enforcement and investigative authorities
LC
R.31 - Powers of law enforcement and investigative authorities
LC
R.32 - Cash couriers
PC
R.33 - Statistics
PC
R.34 - Guidance and feedback
PC
R.35- Sanctions
PC
R.36 - International instruments
LC
R.37 - Mutual legal assistance
PC
R.38 - Mutual legal assistance: freezing and confiscation
PC
R.39 - Extradition
LC
R.40 - Other forms of international cooperation
PC

C = compliant   |   LC = largely compliant     |   PC = partially compliant   |   NC = non-compliant   |   NA = not applicable

Earlier reports

  • 3 Apr 2023

    Venezuela's measures to combat money laundering and terrorist financing The Mutual Evaluation Report presents a comprehensive review of the effectiveness of the country's AML/CFT system and its level of compliance with the FATF 40 Recommendations as at the time of the on-site visit from 17 to 28 January 2022.

  • 15 May 2012

    Follow-up Reports to the Mutual Evaluation of Venezuela The follow-up reports, presented at the CFATF Plenary meetings, provide an analysis of the progress made by Venezuela to correct the deficiencies identified in the Mutual Evaluation Report MER which was adopted by the CFATF Council of Ministers in September 2009.

  • 25 Sep 2009

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

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