Fourth Round Mutual Evaluation Report of the Turks and Caicos Islands

Fourth Round Mutual Evaluation Report of the Turks and Caicos Islands

 

The CFATF Plenary held in Antigua and Barbuda in 2019 adopted the Mutual Evaluation Report of the Turks and Caicos Islands. This evaluation summarises the Anti-Money Laundering (AML) / Counter-Terrorist Financing (CFT) measures in place in the Turks and Caicos Islands as at the date of the on-site visit September 10th to 21st, 2018. The report analyses the level of compliance with the FATF 40 Recommendations, the level of effectiveness of the Turks and Caicos Islands AML/CFT system and provides recommendations on how the system could be strengthened.

Click here to access report.

Fourth Round Mutual Evaluation Report of Bermuda

Fourth Round Mutual Evaluation Report of Bermuda

 

The CFATF Plenary held in Antigua and Barbuda in November 2019, adopted the Mutual Evaluation Report of Bermuda.This report provides a summary of the Anti-Money Laundering/Countering Financing of Terrorism (AML/CFT) measures in place in Bermuda as at the date of the on-site visit September 24th – October 5th, 2018. It analyses the level of compliance with the FATF 40 Recommendations and the level of effectiveness of Bermuda’s AML/CFT system and provides recommendations on how the system could be strengthened.

Click here to access report.

CFATF Report of Regional Money Laundering and Terrorist Financing Cases

In November 2019 the CFATF completed a compilation of cases based on regional money laundering and terrorist financing investigations and prosecutions. The report categorises these cases, some of which show money flows across corridors, using myriad legitimate facilities. 

Please click here to review the report

OUTCOMES OF THE CFATF L NOVEMBER 2019 PLENARY MEETING

 

Photo: Prime Minister of Antigua and Barbuda, the Honourable Gaston Browne addresses participants at the opening of the
CFATF L Plenary and Working Groups meetings held in St. John’s, Antigua and Barbuda during the period 24th -29th November 2019.

St. John’s, Antigua and Barbuda, November 2019 – Outgoing CFATF Chairman, the Honourable Dale Marshall, QC, MP, Attorney General of Barbados chaired the CFATF L Plenary and Working Groups meetings held in St. John’s, Antigua and Barbuda during the period 24th -29th November 2019. This represented the final Plenary over which the Honourable Attorney General presided as he passed the baton to the Honourable Lt. Col. Edward Croft, Director of the Office of National Drug and Money Laundering Control Policy of Antigua and Barbuda.  The Honourable Lt. Col. Edward Croft will hold the position of CFATF Chairman for the period November 2019 to November 2020.

Report on Trinidad and Tobago’s Voluntary Tax Compliance Programme (2019)

On 25 June 2019, the Parliament of the Republic of Trinidad and Tobago enacted the “Miscellaneous Provisions) Act No. 13 of 2019”, wherein Section 2 provides for tax amnesty concerning any tax payable under specific revenue laws for the period 15 June 2019 – 15 September 2019. 

The CFATF reviewed the compliance of the tax amnesty programme with its Voluntary Tax Compliance (VTC) Procedures of 2014, to verify it does not impede the effective implementation of AML/CFT measures and that Trinidad and Tobago address and mitigate the ML/TF risks of the programme.

The CFATF concluded that Trinidad and Tobago complies with all the requirements and approved the “Report on Trinidad and Tobago’s Voluntary Tax Compliance Programme” at its 50th Plenary Meeting held in Antigua and Barbuda from 24 to 29 November 2019.

Access the report by click here.