Grenada’s Money Laundering Prevention Measures Under Scrutiny

The Caribbean Financial Action Task Force (CFATF) plenary, held virtually in June 2022, has adopted the Mutual Evaluation Report of Grenada, assessing the island nation’s anti-money laundering (AML), counter-terrorist financing (CFT), and counter-proliferation financing (CPF) measures.

Overview of the Report

The report provides an overview of the AML/CFT system in place in Grenada as of June 14-25, 2021, during the on-site visit. The evaluation analyzes Grenada’s level of compliance with the FATF 40 Recommendations, which are international standards aimed at preventing money laundering and combating terrorist financing.

Key Findings and Recommendations

• The report assesses the effectiveness of Grenada’s AML/CFT system and offers recommendations for strengthening it.
• The evaluation highlights areas where improvements can be made to prevent financial crimes and protect the international financial system.

Accessing the Report

A copy of the complete report is available online, providing a comprehensive look at Grenada’s AML/CFT regime.