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International Monetary Fund

negotiate MOUs with foreign FIUs Law enforcement, prosecution and other competent authorities (R.27, 28, 30 & 32) Investigative and prosecutorial authorities need to focus more on investigating and prosecuting ML offences. Portuguese authorities are encouraged to make this an objective. There is a need for Portuguese authorities to keep clearer statistics on investigations and prosecutions of the ML offence 3. Preventive Measures - Financial Institutions Risk of ML or TF Customer due diligence, including enhanced or reduced

International Monetary Fund
A detailed assessment report on Anti-Money Laundering and Combating the Financing of Terrorism for Mauritius is discussed. Mauritius is well placed to capitalize on its national strategy to diversify its economy into global financial services by taking advantage of its linkages with both African and long-standing arrangements with the larger Asian economies. Additionally, Mauritius intends to offer new products in Islamic financial services and wealth management. The investigative and prosecutorial authorities have the necessary powers to execute their respective functions.
International Monetary Fund

A detailed assessment report on Anti-Money Laundering and Combating the Financing of Terrorism for Mauritius is discussed. Mauritius is well placed to capitalize on its national strategy to diversify its economy into global financial services by taking advantage of its linkages with both African and long-standing arrangements with the larger Asian economies. Additionally, Mauritius intends to offer new products in Islamic financial services and wealth management. The investigative and prosecutorial authorities have the necessary powers to execute their respective functions.

International Monetary Fund
This paper focuses on observance of standards and codes on the Financial Action Task Force (FATF) recommendations for antimoney laundering and combating the financing of terrorism (AML/CFT) for the Cayman Islands. The assessment reveals that the Cayman Islands’s legal framework for combating money laundering and terrorism financing is comprehensive. All designated categories of offences enumerated in the FATF 40 Recommendations are predicate offences under the Cayman law. The criminalization of FT is in accordance with FATF requirements. The confiscation regime meets most standards and is effective.
International Monetary Fund

to its purposes? Quality of information disseminated . Are the reports from reporting institutions and the FIU’s access to other information adequate to enable the FIU to fulfill its functions? What is the value added by the FIU to the information it receives? Is there a mismatch between what is expected of it and what it delivers? A frequent cause of tension is that police and prosecutorial authorities expect information from the FIU that it cannot deliver and make little use of the other valuable information that is available to the FIU. Timeliness

Ms. Maud Bokkerink

interagency coordinating body for the exchange of information on financial crime. It was established in 1998 by covenant of the participating agencies under the guidance of the Ministries of Finance and of Justice. Participants in the FEC include all organizations that have a mandate relative to the financial sector: the financial supervisors, the financial intelligence unit, tax authorities, the intelligence and security service, law enforcement authorities, and prosecutorial authorities. The function of the FEC is to enable the participants to strengthen the way their

International Monetary Fund
This report assesses the Observance of Standards and Codes on the Financial Action Task Force (FATF) Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) for Mexico. The report highlights that Mexico has removed specific exemptions to customer identification obligations, implemented online reporting forms and a new automated transmission process for reporting transactions to the financial intelligence unit. Financial institutions with a reporting obligation (reporting institutions) now require occasional customers performing transactions equivalent to or exceeding US$3,000 in value to be identified so that the transactions can be aggregated daily.
International Monetary Fund

place. 13. Mexico’s ability to trace, seize, freeze and confiscate offence-related property is also limited by the inability of law enforcement and prosecutorial authorities to directly access financial information in a timely way. The effectiveness of forfeiture proceedings is also limited by the length of criminal proceedings. 14. Mexican authorities have issued restraint orders in relation to the UN resolutions S/RES/1267(1999) and S/RES/1373(2001) concerning the freezing of terrorist assets, but it appears that compliance with these orders has been incomplete