TODAY NICARAGUA – The Financial Action Task Group has removed Nicaragua from the list of countries that pose risks relating to money laundering and terrorist financing.
From a press release by The Financial Action Task Force (FATF):
Jurisdictions no Longer Subject to the FATF’s On-Going Global AML/CFT Compliance Process:
Nicaragua
The FATF welcomes Nicaragua’s significant progress in improving its AML/CFT regime and notes that Nicaragua has established the legal and regulatory framework to meet its commitments in its action plan regarding the strategic deficiencies that the FATF had identified in June 2011. Nicaragua is therefore no longer subject to the FATF’s monitoring process under its on-going global AML/CFT compliance process. Nicaragua will work with GAFILAT as it continues to address the full range of AML/CFT issues identified in its mutual evaluation report.
Source: The Financial Action Task Force
