Financial Crime World

Mutual Evaluation Report on Chad’s Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) System

Introduction

The Task Force on Anti-Money Laundering in Central Africa (GABAC), a FATF-style Regional Body (FSRB), has prepared this Mutual Evaluation Report (MER) on Chad’s AML/CFT system. This report assesses Chad’s compliance with the Financial Action Task Force (FATF) Recommendations and identifies areas for improvement.

Assessment Scope

The report covers various aspects of Chad’s AML/CFT system, including:

  • Examination of Chad’s legal and regulatory framework for combating money laundering and terrorist financing
  • Assessment of the effectiveness of laws and regulations in preventing and detecting AML/CFT activities

National Risk Assessment

  • Evaluation of Chad’s national risk assessment, which identifies risks and vulnerabilities in its financial system
  • Review of the effectiveness of the national risk assessment in guiding AML/CFT policies and practices

Enforcement of Civil Cases

  • Assessment of the effectiveness of Chad’s enforcement of civil cases related to AML/CFT
  • Evaluation of the use of injunctions and other measures to prevent and detect AML/CFT activities

Anti-Poaching and Anti-Deforestation Activities

  • Examination of Chad’s efforts to combat poaching and deforestation, which are considered threats to national security
  • Assessment of the effectiveness of these efforts in preventing and detecting AML/CFT activities related to wildlife trafficking and environmental crimes

Narcotics Seized

  • Provision of data on narcotics seized in Chad during the period 2017-2021
  • Analysis of trends and patterns in narcotics seizures

Extraditions Made through International Police Cooperation

  • Highlighting of Chadian extraditions made through international police cooperation between 2019 and 2021
  • Evaluation of the effectiveness of international cooperation in facilitating extradition and preventing AML/CFT activities

Additional Tables and Annexes

The report includes several tables and annexes, which provide detailed information on:

Requests for Approval by COBAC

  • Data on requests for approval by the Central African Banking Commission (COBAC)
  • Analysis of trends and patterns in requests for approval

Supervision Missions Carried Out by COBAC

  • Data on supervision missions carried out by COBAC
  • Evaluation of the effectiveness of these missions in preventing and detecting AML/CFT activities

Injunction Decisions Against Reporting Institutions

  • Data on injunction decisions against reporting institutions based in Chad with at least one AML/CFT violation between 2016 and 2021
  • Analysis of trends and patterns in injunction decisions

Extraditions Made through International Police Cooperation

  • Data on extraditions made through international police cooperation between 2019 and 2021
  • Evaluation of the effectiveness of international cooperation in facilitating extradition and preventing AML/CFT activities

Conclusion

The report provides a comprehensive assessment of Chad’s AML/CFT system and highlights areas where improvement is needed. By implementing these recommendations, Chad can strengthen its AML/CFT framework and enhance its compliance with FATF Recommendations.