Press Release

Antigua and Barbuda assumes CFATF Chairmanship

St John’s, Antigua and Barbuda, November 29th, 2019

 

Lt. Colonel Edward Croft, CMG, OBE assumed the position of Chairman of the Caribbean Financial Action Task Force (CFATF) today. In this capacity Lt. Col Croft represents the twenty-five (25) member countries of the CFATF.

Lt. Col. Croft takes over from outgoing Chairman, the Honourable Dale Marshall, Q.C. MP, Attorney General and Minister of Legal Affairs of Barbados.  This is the second time that Antigua and Barbuda has held the position of Chairman of the CFATF and the country looks forward to leading the organisation in further developing the level of compliance by all Members with the FATF Recommendations on Money Laundering, Terrorist Financing and Proliferation Financing. In his remarks the new Chairman, Lt. Col Edward Croft articulated the four goals he intends to pursue: -

  1. Continued enhancement of the CFATF’s Mutual Evaluation Programme, including the Follow-Up Process.
  2. Financial Strengthening and implementing measures that strengthen the CFATF Membership participation.
  3. Ensuring continued good governance of the operations of the CFATF and
  4. Advocacy regarding Members’ compliance with virtual asset and virtual asset service providers; issues of de-risking, European Commission listing of Members and issues of common interest.

Antigua and Barbuda will hold the position of Chairman for the 2019-2020 period and preside over the organisation’s May and November 2020 Plenaries.  

 

Lt. Col Edward Croft as new CFATF Chairman being congratulated by outgoing Chair Hon Dale Marshall QC, MP of Barbados.

FATF Vice President Dr. Marcus Pleyer congratulates Lt. Col Edward H Croft on becoming CFATF Chairman.