Turks and Caicos Islands' progress in strengthening measures to tackle money laundering and terrorist financing

Publication details

Language

English

Country

Turks and Caicos Islands

Topic

Mutual Evaluations

CFATF Follow-up Report Turks and Caicos Islands 2022

Filename: CFATF-Turks-and-Caicos-islands.pdf
Size: 1 MB
Format: application/pdf

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Overall, Turks and Caicos Islands has made significant progress in addressing the technical compliance deficiencies identified in their Mutual Evaluation Report.

For Recommendations 8, 16, 22, 26, 34, only minor deficiencies remain and they are all re-rated from PC to Largely Compliant.
Turks and Caicos Islands has been re-rated C on Recommendations 10, 14, 17, 18, 19, 23 and 40.

Turks and Caicos Islands has 35 Recommendations rated C/LC. Turks and Caicos Islands will remain in enhanced follow-up based on effectiveness ratings.

The next enhanced follow-up report is due November 2023.Publication short description

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

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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

The 2022 and 2013 Methodologies for Assessing Technical Compliance with the FATF Recommendations and the Effectiveness of AML/CFT/CPF Systems

These documents are guides intended for use by assessors who are tasked with conducting a mutual evaluation. They provide a structured framework of analysis that ensures a level of consistency and high quality of the mutual evaluation reports produced. Latest update: August 2024