Haiti has not fixed all the holes in its anti-money-laundering regulatory framework, according to the Caribbean Financial Action Task Force.
The CFATF — an organisation of Caribbean states and territories, including the Virgin Islands, that have agreed to implement common anti-money laundering measures — announced last month that Haiti still has not implemented measures it committed to in its April 2015 action plan.
Haiti has made some reforms since the November 2015 CFATF meeting, including training its Financial Intelligence Unit, police officers, prosecutors and magistrates in anti-money-laundering issues.
The country has also amended its anti-money-laundering legislation, and established a Central Financial Intelligence Unit that is autonomous from government, the CFATF states.
However, these measures did not constitute “sufficient progress,” the organisation stated.
“Haiti is encouraged to continue the reform process, including the passage of legislative framework, and continue addressing its AML deficiencies,” the CFATF stated.
See the Dec. 8, 2016 edition for full coverage.
{fcomment}