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
Money laundering is the process of concealing the origin of money, obtained from illicit activities such as drug trafficking, corruption, embezzlement or gambling, by converting it into a legitimate source. It is a crime in many jurisdicti ...
. 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
Aruba ( , , ), officially the Country of Aruba ( nl, Land Aruba; pap, Pais Aruba) is a constituent country of the Kingdom of the Netherlands physically located in the mid-south of the Caribbean Sea, about north of the Venezuela peninsula of P ...
in and
Jamaica
Jamaica (; ) is an island country situated in the Caribbean Sea. Spanning in area, it is the third-largest island of the Greater Antilles and the Caribbean (after Cuba and Hispaniola). Jamaica lies about south of Cuba, and west of Hispa ...
.
["Caribbean Financial Action Task Force against Money Laundering (CFATF)"]
EAG. 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.
, CFATF at The Policy Laundering Project. 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
Member Countries
CFATF. 28 June 2012. of CFATF are:
See also
* AMLCFT
* Asia/Pacific Group on Money Laundering
* Correspondent account
* Digital renminbi
* FATF blacklist
The Financial Action Task Force blacklist (often abbreviated to FATF blacklist, and officially known as the "Call for action"),
* ISO 37001
ISO 37001 ''Anti-bribery management systems - Requirements'' with guidance for use, is a management system standard published by International Organization for Standardization (ISO) in 2016. As the title suggests, this standard sets out the ...
* Remittance
A remittance is a non-commercial transfer of money by a foreign worker, a member of a diaspora community, or a citizen with familial ties abroad, for household income in their home country or homeland. Money sent home by migrants competes wi ...
* United Nations Office on Drugs and Crime
The United Nations Office on Drugs and Crime (UNODC; French: ''Office des Nations unies contre la drogue et le crime'') is a United Nations office that was established in 1997 as the Office for Drug Control and Crime Prevention by combining the ...
References
Further reading
*
*
*
*
External links
Caribbean Financial Action Task Force
official website.
Financial crime prevention
Financial regulation
Task forces
Anti-money laundering organizations
{{law-enforcement-stub