ST. GEORGE’S, Grenada, CMC – Three Caribbean Community (CARICOM) countries are included in a Financial Action Task Force (FATF) advisory as the international standard-setting body for anti-money laundering and combating the financing of terrorism (AML/CFT) seeks to encourage countries to become more compliant.
A statement issued by the Anti-Money Laundering and Combating Terrorism Financing Commission here said that Barbados, Jamaica, and Haiti have been classified as jurisdictions” under increased monitoring and are actively working with the FATF in their regimes to counter money laundering, terrorist financing, and proliferation financing.
“The FAFT does not call for the application of enhanced due diligence measures to be applied to these jurisdictions but calls for the application of a risk-based approach,” the statement said.
Apart from the three CARICOM countries, the other Caribbean island listed is the Cayman Islands.
The international policy-making and standard-setting body is dedicated to combating money laundering and terrorist financing.
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