FATF P u blic S ta te m e n t - 2 8 Octo b e r 2 0 11
Par is, 28 Oct ober 2011 - The Financial Act ion Task For ce ( FATF) is t he global st andar d set t ing body
for ant i- m oney launder ing and com bat ing t he financing of t er r or ism ( AML/ CFT) . I n or der t o pr ot ect t he int er nat ional financial syst em fr om ML/ FT r isks and t o encour age gr eat er com pliance w it h t he AML/ CFT st andar ds, t he FATF ident ified j ur isdict ions t hat have st r at egic deficiencies and w or ks w it h t hem t o addr ess t hose deficiencies t hat pose a r isk t o t he int er nat ional financial syst em .
Jur isdict ions subj ect t o a FATF call on it s m em ber s and ot her j ur isdict ions t o apply count er - m easur es t o pr ot ect t he int er nat ional financial syst em fr om t he on- going and subst ant ial m oney launder ing and t er r or ist financing ( ML/ TF) r isks em anat ing fr om t he j ur isdict ions* .
I r an
Dem ocr at ic People's Republic of Kor ea ( DPRK)
Jur isdict ions w it h st r at egic AML/ CFT deficiencies t hat have not m ade sufficient pr ogr ess in addr essing t he deficiencies or have not com m it t ed t o an act ion plan developed w it h t he FATF t o addr ess t he deficiencies* * . The FATF calls on it s m em ber s t o consider t he r isks ar ising fr om t he deficiencies associat ed w it h each j ur isdict ion, as descr ibed below .
Cuba* * Bolivia Et hiopia Kenya Myanm ar Niger ia
São Tom é and Pr íncipe Sr i Lanka
Syr ia Tur key
* The FATF has pr eviously issued public st at em ent s calling for count er - m easur es on I r an and DPRK. Those st at em ent s ar e updat ed below .
* * Cuba has not engaged w it h t he FATF in t he pr ocess.
Ira n
The FATF, w it h a r enew ed ur gency, is par t icular ly and except ionally concer ned about I r an’s failur e t o addr ess t he r isk of t er r or ist financing and t he ser ious t hr eat t his poses t o t he int egr it y of t he
int er nat ional financial syst em , despit e I r an’s engagem ent w it h t he FATF.
The FATF r eaffir m s it s call on m em ber s and ur ges all j ur isdict ions t o advise t heir financial inst it ut ions t o give special at t ent ion t o business r elat ionships and t r ansact ions w it h I r an, including I r anian com panies and financial inst it ut ions. I n addit ion t o enhanced scr ut iny, t he FATF r eaffir m s it s 25 Febr uar y 2009 call on it s m em ber s and ur ges all j ur isdict ions t o apply effect ive count er - m easur es t o pr ot ect t heir financial sect or s fr om m oney launder ing and financing of t er r or ism ( ML/ FT) r isks em anat ing fr om I r an. FATF cont inues t o ur ge j ur isdict ions t o pr ot ect against cor r espondent
r elat ionships being used t o bypass or evade count er - m easur es and r isk m it igat ion pr act ices and t o t ake int o account ML/ FT r isks w hen consider ing r equest s by I r anian financial inst it ut ions t o open br anches and subsidiar ies in t heir j ur isdict ion. Due t o t he cont inuing t er r or ist financing t hr eat em anat ing fr om I r an, j ur isdict ions should consider t he st eps alr eady t aken and possible addit ional safeguar ds or st r engt hen exist ing ones.
consider calling on it s m em ber s and ur ging all j ur isdict ions t o st r engt hen count er - m easur es in Febr uar y 2012.
D e m o cra tic Pe o p le 's Re p u blic o f Ko re a ( D P RK)
The FATF r em ains concer ned by t he DPRK’s failur e t o addr ess t he significant deficiencies in it s ant i-m oney launder ing and coi-m bat ing t he financing of t er r or isi-m ( AML/ CFT) r egii-m e and t he ser ious t hr eat t his poses t o t he int egr it y of t he int er nat ional financial syst em . The FATF ur ges t he DPRK t o
im m ediat ely and m eaningfully addr ess it s AML/ CFT deficiencies.
The FATF r eaffir m s it s call on it s m em ber s and ur ges all j ur isdict ions t o advise t heir financial inst it ut ions t o give special at t ent ion t o business r elat ionships and t r ansact ions w it h t he DPRK, including DPRK com panies and financial inst it ut ions. I n addit ion t o enhanced scr ut iny, t he FATF fur t her calls on it s m em ber s and ur ges all j ur isdict ions t o apply effect ive count er - m easur es t o pr ot ect t heir financial sect or s fr om m oney launder ing and financing of t er r or ism ( ML/ FT) r isks em anat ing fr om t he DPRK. Jur isdict ions should also pr ot ect against cor r espondent r elat ionships being used t o bypass or evade count er - m easur es and r isk m it igat ion pr act ices, and t ake int o account ML/ FT r isks w hen consider ing r equest s by DPRK financial inst it ut ions t o open br anches and subsidiar ies in t heir j ur isdict ion.
The FATF r em ains pr epar ed t o engage dir ect ly in assist ing t he DPRK t o addr ess it s AML/ CFT deficiencies, including t hr ough t he FATF Secr et ar iat .
________________________
Cu b a
Cuba has not com m it t ed t o t he AML/ CFT int er nat ional st andar ds, nor has it const r uct ively engaged w it h t he FATF. The FATF has ident ified Cuba as having st r at egic AML/ CFT deficiencies t hat pose a r isk t o t he int er nat ional financial syst em . The FATF ur ges Cuba t o develop an AML/ CFT r egim e in line w it h int er nat ional st andar ds, and is r eady t o w or k w it h t he Cuban aut hor it ies t o t his end.
________________________
Bo livia
Bolivia has t aken st eps t ow ar ds im pr oving it s AML/ CFT r egim e, including by enact ing new CFT legislat ion. How ever , despit e Bolivia’s high- level polit ical com m it m ent t o w or k w it h t he FATF and GAFI SUD t o addr ess it s st r at egic AML/ CFT deficiencies, Bolivia has not m ade sufficient pr ogr ess in im plem ent ing it s act ion plan, and cer t ain st r at egic AML/ CFT deficiencies r em ain. Bolivia should w or k on addr essing t hese deficiencies including by: ( 1) ensur ing adequat e cr im inalisat ion of m oney launder ing ( Recom m endat ion 1) ; ( 2) adequat ely cr im inalising t er r or ist financing ( Special
Recom m endat ion I I ) ; ( 3) est ablishing and im plem ent ing an adequat e legal fr am ew or k for ident ifying and fr eezing t er r or ist asset s ( Special Recom m endat ion I I I ) ; and ( 4) est ablishing a fully oper at ional and effect ive Financial I nt elligence Unit ( Recom m endat ion 26) . The FATF encour ages Bolivia t o addr ess it s r em aining deficiencies and cont inue t he pr ocess of im plem ent ing it s act ion plan.
Eth io p ia
Despit e Et hiopia’s high- level polit ical com m it m ent t o w or k w it h t he FATF t o addr ess it s st r at egic AML/ CFT deficiencies, Et hiopia has not m ade sufficient pr ogr ess in im plem ent ing it s act ion plan, and cer t ain st r at egic AML/ CFT deficiencies r em ain. Et hiopia should w or k on addr essing t hese deficiencies, including by: ( 1) adequat ely cr im inalising m oney launder ing and t er r or ist financing ( Recom m endat ion 1 and Special Recom m endat ion I I ) ; ( 2) est ablishing and im plem ent ing an adequat e legal fr am ew or k and pr ocedur es t o ident ify and fr eeze t er r or ist asset s ( Special Recom m endat ion I I I ) ; ( 3) ensur ing a fully oper at ional and effect ively funct ioning Financial I nt elligence Unit ( Recom m endat ion 26) ; ( 4) r aising aw ar eness of AML/ CFT issues w it hin t he law enfor cem ent com m unit y ( Recom m endat ion 27) ; and ( 5) im plem ent ing effect ive, pr opor t ionat e and dissuasive sanct ions in or der t o deal w it h nat ur al or legal per sons t hat do not com ply w it h t he nat ional AML/ CFT r equir em ent s ( Recom m endat ion 17) . The FATF encour ages Et hiopia t o addr ess it s r em aining deficiencies and cont inue t he pr ocess of
im plem ent ing it s act ion plan.
Ke n ya
Despit e Kenya’s high- level polit ical com m it m ent t o w or k w it h t he FATF and ESAAMLG t o addr ess it s st r at egic AML/ CFT deficiencies, Kenya has not m ade sufficient pr ogr ess in im plem ent ing it s act ion plan, and cer t ain st r at egic AML/ CFT deficiencies r em ain. Kenya should w or k on addr essing t hese deficiencies, including by: ( 1) adequat ely cr im inalising t er r or ist financing ( Special Recom m endat ion I I ) ; ( 2) ensur ing a fully oper at ional and effect ively funct ioning Financial I nt elligence Unit
com ply w it h t he nat ional AML/ CFT r equir em ent s ( Recom m endat ion 17) . The FATF encour ages Kenya t o addr ess it s r em aining deficiencies and cont inue t he pr ocess of im plem ent ing it s act ion plan, including by im plem ent ing t he AML legislat ion and set t ing up it s FI U.
Mya n m a r
Despit e Myanm ar ’s high- level polit ical com m it m ent t o w or k w it h t he FATF and APG t o addr ess it s st r at egic AML/ CFT deficiencies, Myanm ar has not m ade sufficient pr ogr ess in im plem ent ing it s act ion plan, and cer t ain st r at egic AML/ CFT deficiencies r em ain. Myanm ar should w or k on addr essing t hese deficiencies, including by: ( 1) adequat ely cr im inalising t er r or ist financing ( Special Recom m endat ion I I ) ; ( 2) est ablishing and im plem ent ing adequat e pr ocedur es t o ident ify and fr eeze t er r or ist asset s ( Special Recom m endat ion I I I ) ; ( 3) fur t her st r engt hening t he ext r adit ion fr am ew or k in r elat ion t o t er r or ist financing ( Recom m endat ion 35 and Special Recom m endat ion I ) ; ( 4) ensur ing a fully oper at ional and effect ively funct ioning Financial I nt elligence Unit ( Recom m endat ion 26) ; ( 5)
enhancing financial t r anspar ency ( Recom m endat ion 4) ; and ( 6) st r engt hening cust om er due diligence m easur es ( Recom m endat ion 5) . The FATF encour ages Myanm ar t o addr ess it s r em aining deficiencies and cont inue t he pr ocess of im plem ent ing it s act ion plan.
N ige ria
Niger ia has t aken st eps t ow ar ds im pr oving it s AML/ CFT r egim e, including by enact ing AML/ CFT legislat ion. How ever , despit e Niger ia’s high- level polit ical com m it m ent t o w or k w it h t he FATF and GI ABA t o addr ess it s st r at egic AML/ CFT deficiencies, Niger ia has not m ade sufficient pr ogr ess in im plem ent ing it s act ion plan, and cer t ain st r at egic deficiencies r em ain. Niger ia should w or k on addr essing t hese deficiencies, including by: ( 1) adequat ely cr im inalising m oney launder ing and t er r or ist financing ( Recom m endat ion 1 and Special Recom m endat ion I I ) ; ( 2) im plem ent ing adequat e pr ocedur es t o ident ify and fr eeze t er r or ist asset s ( Special Recom m endat ion I I I ) ; ( 3) ensur ing t hat r elevant law s or r egulat ions addr ess deficiencies in cust om er due diligence r equir em ent s and t hat t hey apply t o all financial inst it ut ions ( Recom m endat ion 5) ; and ( 4) cont inuing t o im pr ove t he over all super visor y fr am ew or k for AML/ CFT ( Recom m endat ion 23) . The FATF encour ages Niger ia t o addr ess it s r em aining deficiencies and cont inue t he pr ocess of im plem ent ing it s act ion plan.
S ã o To m é a n d Prín cip e
Despit e São Tom é and Pr íncipe’s high- level polit ical com m it m ent t o w or k w it h t he FATF t o addr ess it s st r at egic AML/ CFT deficiencies, São Tom é and Pr íncipe has not m ade sufficient pr ogr ess in
im plem ent ing it s act ion plan, and cer t ain st r at egic deficiencies r em ain. São Tom é and Pr íncipe should w or k on addr essing t hese deficiencies, including by: ( 1) adequat ely cr im inalising m oney launder ing and t er r or ist financing ( Recom m endat ion 1 and Special Recom m endat ion I I ) ; ( 2) est ablishing a fully oper at ional and effect ively funct ioning Financial I nt elligence Unit ( Recom m endat ion 26) ; ( 3) ensur ing t hat financial inst it ut ions and DNFBPs ar e subj ect t o adequat e AML/ CFT r egulat ion and super vision, and t hat a com pet ent aut hor it y or com pet ent aut hor it ies have been designat ed t o ensur e com pliance w it h AML/ CFT r equir em ent s ( Recom m endat ions 23, 24 and 29) ; ( 4) im plem ent ing effect ive,
pr opor t ionat e and dissuasive sanct ions in or der t o deal w it h nat ur al or legal per sons t hat do not com ply w it h t he nat ional AML/ CFT r equir em ent s ( Recom m endat ion 17) ; and ( 5) t aking t he necessar y act ion t o gain m em ber ship of GI ABA. The FATF encour ages São Tom é and Pr íncipe t o addr ess it s r em aining deficiencies and cont inue t he pr ocess of im plem ent ing it s act ion plan.
S ri La n ka
Sr i Lanka has t aken st eps t ow ar ds im pr oving it s AML/ CFT r egim e, including by enact ing AML/ CFT am endm ent s. How ever , despit e Sr i Lanka’s high- level polit ical com m it m ent t o w or k w it h t he FATF and APG t o addr ess it s st r at egic AML/ CFT deficiencies, Sr i Lanka has not m ade sufficient pr ogr ess in im plem ent ing it s act ion plan, and cer t ain st r at egic AML/ CFT deficiencies r em ain. Sr i Lanka should w or k on addr essing t hese deficiencies, including by: ( 1) adequat ely cr im inalising t er r or ist financing and addr essing t he r em aining deficiencies w it h r egar d t o t he cr im inalisat ion of m oney launder ing ( Special Recom m endat ion I I and Recom m endat ion 1) ; and ( 2) est ablishing and im plem ent ing adequat e pr ocedur es t o ident ify and fr eeze t er r or ist asset s ( Special Recom m endat ion I I I ) . The FATF encour ages Sr i Lanka t o addr ess it s r em aining deficiencies and cont inue t he pr ocess of im plem ent ing it s act ion plan, including by cont inuing t o w or k on it s AML/ CFT legislat ion.
S yria
Syr ia has t aken significant st eps t ow ar ds im pr oving it s AML/ CFT r egim e, including by im pr oving t he legal ar r angem ent s for fr eezing t er r or ist asset s. How ever , despit e Syr ia’s high- level polit ical
http://www.fatf-gafi.org/documentprint/0,3455,en_32250379_32236992_48966519_1_1_1_1,00.html[2011/11/11 11:17:20]
ident ifying and fr eezing t er r or ist asset s ( Special Recom m endat ion I I I ) ; ( 3) ensur ing t hat financial inst it ut ions ar e aw ar e of and com ply w it h t heir obligat ions t o file suspicious t r ansact ion r epor t s in r elat ion t o ML and FT ( Recom m endat ion 13 and Special Recom m endat ion I V) ; and ( 4) ensur ing t hat appr opr iat e law s and pr ocedur es ar e in place t o pr ovide m ut ual legal assist ance ( Recom m endat ions 36 - 38, Special Recom m endat ion V) . The FATF encour ages Syr ia t o addr ess it s r em aining deficiencies and cont inue t he pr ocess of im plem ent ing it s act ion plan.
Tu rke y
Tur key has t aken st eps t ow ar ds im pr oving it s AML/ CFT r egim e, including by subm it t ing CFT legislat ion t o Par liam ent . Despit e Tur key’s high- level polit ical com m it m ent t o w or k w it h t he FATF t o addr ess it s st r at egic AML/ CFT deficiencies, Tur key has not m ade sufficient pr ogr ess in im plem ent ing it s act ion plan, and cer t ain st r at egic AML/ CFT deficiencies r em ain. Tur key should w or k on addr essing t hese deficiencies, including by: ( 1) adequat ely cr im inalising t er r or ist financing ( Special Recom m endat ion I I ) ; and ( 2) im plem ent ing an adequat e legal fr am ew or k for ident ifying and fr eezing t er r or ist asset s ( Special Recom m endat ion I I I ) . The FATF encour ages Tur key t o addr ess it s r em aining deficiencies and cont inue t he pr ocess of im plem ent ing it s act ion plan.
