Suriname’s progress in strengthening its framework to tackle money laundering and terrorist financing
Port of Spain, Trinidad and Tobago, October 25th, 2023 – As a result of Suriname’s progress in strengthening its framework to tackle money laundering and terrorist financing since their 2022 mutual evaluation, the Caribbean Financial Action Task Force (CFATF) has re-rated the country on 4 of the 40 Recommendations.
Suriname has been in an enhanced follow-up process, following the adoption of the CFATF mutual evaluation report, which assessed the effectiveness of Suriname’s anti-money laundering and counter-terrorist financing (AML/CFT) measures and the country’s compliance with the FATF Recommendations. In line with the CFATF Procedures for the Fourth Round of AML/CFT Mutual Evaluations, Suriname has reported back to the CFATF on the progress it has made to strengthen its AML/CFT framework.
This report analyses Suriname’s progress in addressing the technical compliance deficiencies identified in the mutual evaluation.
To reflect this progress, the CFATF has re-rated Suriname on the following Recommendations:
12 – Politically Exposed Persons (PEPS) from partially compliant to largely compliant
13 – Correspondent Banking from partially compliant to compliant
21 – Tipping-off and Confidentiality from partially compliant to compliant
22 – Designated Non-Financial Businesses and Professions (DNFBPS): Customer Due Diligence from partially compliant to largely compliant
Suriname is now rated as Compliant or Largely Compliant with 14 out of the 40 FATF Recommendations.
Click here to access the FUR