St. Kitts and Nevis: 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.

JURISDICTIONS EXITING THE FOLLOW-UP PROCESS

The November 2014 Plenary recognised that St. Kitts and Nevis had made significant progress in addressing the deficiencies identified in their 2009 Mutual Evaluation Report and therefore could exit the follow-up process.

St. Kitts and Nevis has addressed the deficiencies noted in the Core and Key Recommendations rated PC/NC (R. 1, 3, 5, 13, 23, 26, 35, 40, SR. I, II, III and IV) to a level that is comparable to at least an LC.

St. Kitts and Nevis 9th Follow-Up Report, which was presented at the November 2014 Plenary contains a detailed description and analysis of the actions taken by St. Kitts and Nevis to rectify the deficiencies identified in respect of the Core and Key Recommendations rated PC or NC and other Recommendations, in the 2009 Mutual Evaluation Report.