Ethiopia Makes Progress in Addressing Technical Compliance Deficiencies

Summary of Key Developments

Ethiopia has made significant progress in addressing technical compliance deficiencies identified in its Mutual Evaluation Report (MER). As a result, the country has been re-rated on several key recommendations.

Recommendations with Improved Ratings

The following recommendations have seen improvements in Ethiopia’s ratings:

• Recommendation 1: Effective Implementation of Legal and Regulatory Framework
  • Initial rating: Non-Compliant (NC)
  • Revised rating: Compliant (C)
• Recommendation 14: Procedures for Identifying, Freezing and Confiscating Terrorist Assets
  • Initial rating: Partially Compliant (PC)
  • Revised rating: Compliant (C)
• Recommendation 6: Procedures for Freezing of Terrorist Assets Regulation No.306/2014
  • Initial rating: Not specified
  • Revised rating: Largely Compliant (LC)
• Recommendations 19, 28, and 33: Effective Implementation of Legal and Regulatory Frameworks
  • Initial ratings: Partially Compliant (PC)
  • Revised ratings: Largely Compliant (LC)

Areas Requiring Further Improvement

Despite progress in several areas, Ethiopia continues to face challenges in:

• Recommendation 34: Guidance and Feedback
  • Initial rating: Partially Compliant (PC)
  • Revised rating: Partially Compliant (PC)
  • Reason for continued rating: Insufficient evidence provided to warrant a re-rating