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Guatemala: End of the CFATF Third Round Follow-Up Process & CFATF International Cooperation Review Group (CFATF ICRG) Monitoring

The CFATF held its XL Plenary in San Salvador, El Salvador during the week of November 23-28, 2014, during which time four (4) Member countries exited the Third Round Follow-Up Process, completing all their reporting requirements, while one (1) Member country exited the CFATF ICRG monitoring process.


The November 2014 Plenary recognised that Guatemala had made significant progress in addressing the deficiencies identified in their 2010 Mutual Evaluation Report and therefore could exit the follow-up process.

Guatemala has substantially improved the level of compliance in the Core and Key Recommendations 3, 5, 23 and Special Recommendations I and III, by implementing measures that effectively address all deficiencies identified in the Mutual Evaluation Report.

Additionally, the level of compliance was increased with respect to Recommendation 1, 10, 13, 26, 36, 40 and Special Recommendations II, IV and V, previously rated as LC. All deficiencies in R.6, R.7, R. 8, R. 22, R. 27, R.30, R.31, R.32, R.33 and R .38 were virtually rectified. In addition, progress was made in compliance with R.12, R.16, R.17, R.24, and Special Recommendations VIII and IX.

Guatemala 5th Follow-Up Report, which was presented at the November 2014 Plenary contains a detailed description and analysis of the actions taken by Guatemala rectify the deficiencies identified in respect of the Core and Key Recommendations rated PC or NC as well as a summary of progress in other Recommendations, in the 2010 Mutual Evaluation Report.