Title: Suriname’s Strides Forward in Anti-Money Laundering and Counter-Terrorist Financing Regulations

Background

• Adoption of the Disclosure of Unusual Transactions (Financial Services) Act (Wet Melding Ongebruikelijke Transacties) in 2002
• Last amended in 2016

International Commitments

• Signatory to the International Convention for the Suppression of the Financing of Terrorism since 2009
• Approved by the National Assembly

Cooperation with Caribbean Financial Task Force (CFTF)

• Active member since - mutual evaluation report published on 30 November 2009
• Subsequent follow-up reports totaling 11
• Most recent report issued on 31 May 2017

Strategic Deficiencies and Action Plan

• Identified by CFTF in mutual evaluation reports
• Presented an action plan for Suriname to address shortcomings

Progress and Achievements

• Substantial progress reported by CFTF in November 2016
• Suriname has taken crucial steps to create the legislative and regulatory structure necessary for addressing identified issues

CFTF Statement

• “Suriname Making Important Headway in AML/CTF Regulations” - Caribbean Financial Task Force, November 2016

Commitment to Strengthening Financial Crime Fighting Measures

• Continued focus and dedication from Suriname in this area