EU assists in combating money laundering in region


BRIDGETOWN, Barbados — The European Union and the Caribbean Financial Action Task Force (CFATF) have signed an agreement to enhance the region’s capacity to comply with standards relating to anti-money laundering and combating the financing of terrorism.

This will be undertaken via the implementation of a mutual evaluation programme which will evaluate compliance in the financial and related sectors in CFATF member countries, to ensure that international standards are adhered to.

One of the main specific actions will be assisting countries in improving their levels of compliance with the international Financial Action Task Force’s 40 recommendations, which provide a complete set of counter measures against money laundering covering the criminal justice system and law…

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