Finance:Caribbean Financial Action Task Force

The Caribbean Financial Action Task Force (CFATF) is an organization of states and territories of the Caribbean Basin that have agreed to implement common counter-measures against money laundering. CFATF has associate status within the Financial Action Task Force on Money Laundering (FATF).

History

The CFATF was established as the result of two key meetings convened in Aruba in and Jamaica. In Aruba in 1990 representatives of Caribbean and Central American countries developed a general approach to the problem of the laundering of criminal proceeds and made 19 recommendations. A meeting of ministers held in Kingston, Jamaica, in 1992, resulted in the Kingston Declaration, endorsing the commitment of the member states to implementing the recommendations and coordinating the implementation through establishment of the CFATF Secretariat.

Members of CFATF are:

See also

• AMLCFT
• Asia/Pacific Group on Money Laundering
• Correspondent account
• Digital renminbi
• FATF blacklist
• ISO 37001
• Remittance
• United Nations Office on Drugs and Crime

Further reading

• MacDonald, Scott B.; Zagaris, Bruce (23 December 2020). "The Caribbean and money laundering: Waiting for the post-COVID-19 world". Global Americans. https://www.theglobalamericans.org/2020/12/the-caribbean-and-money-laundering-waiting-for-the-post-covid-19-world/. 
• Pragg-Jaggernauth, Risha; Acosta, Carlos; Daniel, Joanne; Spicer, Dawne (1 November 2019). "'De-Risking' In The Caribbean Region - A CFATF Perspective" (Press release). Secretariat. Caribbean Financial Action Task Force. Retrieved 31 January 2022.
• Torbati, Yeganeh (12 July 2016). "Caribbean countries caught in crossfire of U.S. crackdown on illicit money flow". Thomson Reuters. Reuters. https://www.reuters.com/investigates/special-report/usa-banking-caribbean/. 

External links

• Caribbean Financial Action Task Force official website.