Financial Crime Reporting Requirements in Paraguay Under Scrutiny

Introduction

A recent evaluation by the Financial Action Task Force (FATF) has shed light on the financial crime reporting requirements in Paraguay. The assessment, conducted in 2013, was based on the FATF Recommendations issued in 2012 and utilized the FATF Methodology of the same year.

Evaluation Process

During its on-site visit to Paraguay, the evaluation team gathered information from various sources within the country. This data, combined with insights provided by Paraguayan authorities, formed the basis for the assessment’s findings.

Key Takeaways and Priority Actions

The FATF has reviewed and endorsed the conclusions drawn from this evaluation. For a comprehensive understanding of the key takeaways and priority actions arising from this report, readers are advised to consult the Executive Summary, which outlines the Key Findings and Priority Actions in detail.

Priority Actions

• Consult the Executive Summary for detailed information on key findings and recommendations
• Review the FATF Recommendations issued in 2012 for a comprehensive understanding of international standards
• Familiarize yourself with the FATF Methodology used in the evaluation process