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).[1]
History
[edit]The CFATF was established as the result of two key meetings convened in Aruba in and Jamaica.[2][3] 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.[4][5]
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.[5][2]
Members
[edit]Members[6] of CFATF are:
- Anguilla
- Antigua and Barbuda
- Aruba
- Barbados
- Belize
- Bermuda
- Cayman Islands
- Curaçao
- Dominica
- Dominican Republic
- El Salvador
- Grenada
- Guatemala
- Guyana
- Haiti
- Jamaica
- Montserrat
- Saint Kitts and Nevis
- Saint Lucia
- Saint Vincent and the Grenadines
- Sint Maarten
- Suriname
- The Bahamas
- Trinidad and Tobago
- Turks and Caicos Islands
- Venezuela
- Virgin Islands
See also
[edit]- Asia/Pacific Group on Money Laundering
- Correspondent account
- Digital renminbi
- FATF blacklist
- United Nations Office on Drugs and Crime
References
[edit]- ^ "Caribbean Financial Action Task Force (CFATF)" Archived 2017-07-08 at the Wayback Machine at FATF.
- ^ a b "Caribbean Financial Action Task Force against Money Laundering (CFATF)", EAG.
- ^ "Market Analysis, Advanced Indicators and Risk Management". Retrieved 2024-08-20.
- ^ "19 Aruba Recommendations", IMOLIN, June 1990.
- ^ a b "The Aruba Recommendations -- 1990 (Revised 1999)" Archived October 11, 2008, at the Wayback Machine, CFATF at The Policy Laundering Project.
- ^ Member Countries, CFATF. 28 June 2012.
Further reading
[edit]- "Why is the Caribbean Choosing China ? China Digital Currency is Changing Everything!" on YouTube
- MacDonald, Scott B.; Zagaris, Bruce (23 December 2020). "The Caribbean and money laundering: Waiting for the post-COVID-19 world". www.theglobalamericans.org. Global Americans. Retrieved 5 February 2022.
- 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). Greene, Ronnie (ed.). "Caribbean countries caught in crossfire of U.S. crackdown on illicit money flow". Reuters Investigates. Reuters. Thomson Reuters. Retrieved 31 January 2022.
External links
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