The “CFATF Procedures for the Fourth Round of AML/CFT Mutual Evaluations” (CFATF Procedures) which were drafted based on the Universal Procedures for FATF/FSRBs (Universal Procedures), were approved by the CFATF May 2014 Plenary. Since the approval of the CFATF Procedures, there have been several amendments to ensure and reflect consistency with the Universal Procedures.

The purpose of this document is to provide clarity and an overview of the CFATF Procedures which also includes important documents generated and/or utilized by the Secretariat throughout the process and does not supersede the details of the CFATF Procedures approved by Plenary and the FATF ICRG Procedures for the 4th Round of Mutual Evaluations.

Based on the decision taken by the Council of Minsters as it relates to the post of Executive Director, the Secretariat would like to take this opportunity to announce the appointment of Ms. Dawne Spicer as the Executive Director effective February 1st 2018.

Ms. Dawne Spicer is a national of Trinidad and Tobago and an Attorney at Law by profession, with twenty-six years of experience in the area of AML/CFT. Ms. Spicer holds a Bachelor of Business Degree in Accounting (Honours), a Juris Doctor (JD) degree and a Legal Education Certificate (LEC) from Howard University School of Business, Howard University School of Law and the Hugh Wooding Law School respectively. Ms. Spicer has been admitted to both the Pennsylvania Bar and the Bar of Trinidad and Tobago.

On June 28 and 29, 2017, criminal justice officials representing 32 jurisdictions and constituent countries in the Caribbean region are meeting in Miami, Florida, to inaugurate the newly established Asset Recovery Interagency Network for the Caribbean region, known as ARIN-CARIB.

According to the Financial Action Task Force (FATF), de-risking is defined as “the phenomenon of financial institutions terminating or restricting business relationships with clients or categories of clients to avoid, rather than manage, risk”. The risk referred to in “de-risking” is a customer or client who could pose a higher than average risk of Money Laundering (ML) or Terrorism Financing (TF) or that processing transactions might result in a breach of sanctions regulation. De-risking can be caused by economic and regulatory concerns.

Mrs. Diana Firth, 2016 Tech AML Seminar

On Thursday March 3rd 2016, Deputy Executive Director Diana Firth joined the Financial Intelligence Unit of Trinidad and Tobago and other presenters from different institutions, in the NEM Consultants Technical AML Seminar at the Radisson Hotel Trinidad which included regulatory updates, the role of the Compliance Officer, Audit, among other topics.

The CFATF, as part of its awareness and private sector outreach, delivered a presentation on “Mutual Evaluations Reports”, their components and potential impact for the different countries and private sector, to an audience comprising of 100 plus participants representing over 43 organizations from both financial institutions and listed businesses.