Follow-up report to Bhutan's assessment of anti-money laundering and counter-terrorist financing measures

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Bhutan

Bhutan has made progress in addressing the technical compliance deficiencies identified in its Mutual Evaluation and previous follow-up reports.

The country has been re-rated on three recommendations.

  • Recommendation 4 is re-rated from Partially Compliant to Largely Compliant
  • Recommendation 7 is re-rated from Partially Compliant to Largely Compliant
  • Recommendation 34 is re-rated from Partially Compliant to Largely Compliant
  • Recommendation 40 remains Partially Compliant

Bhutan currently has 2 Recommendations rated as NC, six rated as PC, 25 rated as LC and seven rated as C.

APG Follow-Up Report Bhutan - 2023

Filename
Bhutan-APG-FUR-2023.pdf
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658 KB
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Bhutan Follow-Up Report 2023

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

Earlier reports

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