Haiti Slammed for Failing to Address Anti-Money Laundering Deficiencies
The Financial Action Task Force (FATF) has issued a stern public statement labeling Haiti as a jurisdiction with strategic anti-money laundering and combating the financing of terrorism (AML/CFT) deficiencies that have not been adequately addressed.
Failure to Address Deficiencies
According to the statement, Haiti has failed to make sufficient progress in addressing these deficiencies or comply with an action plan developed with the Caribbean Financial Action Task Force (CFATF). This rebuke is a significant concern for international authorities, who urge the country to take immediate action to rectify these issues.
High-Level Mission from CFATF
Despite this criticism, Haiti recently received a high-level mission from the CFATF. The delegation visited the country on April 27, 2015, and met with various national stakeholders, including:
- Prime Minister Evens Paul
- Justice Minister Pierre Richard Casimir
- Finance Minister Wilson Laleau
- Senate Representative Jocelerme Privert
Objectives of the Mission
The mission aimed to facilitate a constructive dialogue with Haitian officials to clarify questions and provide updates on the country’s efforts to combat money laundering and terrorist financing. The delegation appreciated Haiti’s willingness to engage in this process, which was facilitated by the government.
Concerns Among International Authorities
Haiti’s failure to address its AML/CFT deficiencies has raised concerns among international authorities. It is essential for the country to take immediate action to rectify these issues and demonstrate its commitment to combating money laundering and terrorist financing.
Key Takeaways
- Haiti has failed to address its strategic anti-money laundering and combating the financing of terrorism (AML/CFT) deficiencies.
- The country received a high-level mission from the Caribbean Financial Action Task Force (CFATF) in April 2015.
- The mission aimed to facilitate a constructive dialogue with Haitian officials on AML/CFT efforts.
- International authorities urge Haiti to take immediate action to rectify its AML/CFT deficiencies.