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Institutions endorsing anti-money laundering and combating terrorism financing

Ongoing Training, Guatemala towards the 4th Round

Training regarding New FATF Recommendations

As part of  Guatemala’s efforts, to continue strengthening its AML/CFT structure, the Intendencia de Verificación Especial (IVE Intendency for Special Verification) of the Superintendent of Banks of Guatemala, organized a seminar for their Officials, with regards to the International Standards on Combating the Laundering of Money and the Financing of Terrorism and Proliferation, issued in 2012 (New Recommendations).

The Seminar was held from the 17 to the 19th of July, 2013 and focused on the major changes and challenges that the new FATF Recommendations and their Interpretative Notes present, as well as case studies.

The seminar was delivered by Mrs. Diana Firth and Mrs. Alejandra Quevedo, Executive Deputy Director and Legal Adviser of the CFATF, respectively, with the enthusiastic participation of Analysts, Supervisors and various officials of the IVE.

All CFATF and FATF Member countries should be evaluated with regard to the level of compliance and effectiveness of their AML/CFT systems, with respect to the FATF Recommendations. The 4th Round of these assessments at a global level, country by country, is about to begin and although Guatemala will not be assessed immediately, this training initiative contributes to the preparation of preliminary steps to that end.