ONDCP Press Release: The Supervisory Authority (ONDCP) Wins Appeal at the Privy Council

The Office of the National Drug and Money Laundering Control Policy (ONDCP) has released the following press release:

St. John’s, Antigua – 8TH June 2020. The Privy Council today dismissed the appeal of Ahmed Williams challenging the constitutionality of the civil forfeiture regime under the Money Laundering (Prevention) Act and the civil forfeiture order forfeiting his property to the Director of the ONDCP in his capacity as the Supervisory Authority. Read complete press release here

The complete judgement by the Judicial Committee of the Privy Council can be found at the following link:- https://www.jcpc.uk/cases/jcpc-2018-0041.html

Trinidad and Tobago’s removal from the FATF’s ‘grey list’

 The CFATF Chairman, Lt. Col. Edward H. Croft and the Hon. Faris Al-Rawi, MP, Attorney General and Minister of Legal Affairs of Trinidad and Tobago

The CFATF is pleased to announce and congratulate Trinidad and Tobago on their removal on February 20, 2020 from the FATF’s compliance document often externally referred to as the ‘grey list’ (previously called "Improving Global AML/CFT Compliance: On-going Process").

This achievement comes after Trinidad and Tobago addressed the identified strategic deficiencies from its Mutual Evaluation Report (MER).

Trinidad and Tobago will continue to be monitored by the CFATF in the Mutual Evaluation Follow-Up Process.

The CFATF Chairman, Lt. Col. Edward H. Croft, Director of the Office of National Drug and Money Laundering Control Policy (ONDCP) of Antigua and Barbuda, also extended congratulations to Trinidad and Tobago and the Hon. Faris Al-Rawi, MP, Attorney General and Minister of Legal Affairs of Trinidad and Tobago, who led the country to being the first in the CFATF to be removed from the ‘grey’ list.

See link for further information: http://www.fatf-gafi.org/publications/high-risk-and-other-monitored-jurisdictions/documents/increased-monitoring-february-2020.html

 

Fourth Round Mutual Evaluation Report of the Turks and Caicos Islands

 

The CFATF Plenary held in Antigua and Barbuda in 2019 adopted the Mutual Evaluation Report of the Turks and Caicos Islands. This evaluation summarises the Anti-Money Laundering (AML) / Counter-Terrorist Financing (CFT) measures in place in the Turks and Caicos Islands as at the date of the on-site visit September 10th to 21st, 2018. The report analyses the level of compliance with the FATF 40 Recommendations, the level of effectiveness of the Turks and Caicos Islands AML/CFT system and provides recommendations on how the system could be strengthened.

Click here to access report.

Fourth Round Mutual Evaluation Report of Bermuda

 

The CFATF Plenary held in Antigua and Barbuda in November 2019, adopted the Mutual Evaluation Report of Bermuda.This report provides a summary of the Anti-Money Laundering/Countering Financing of Terrorism (AML/CFT) measures in place in Bermuda as at the date of the on-site visit September 24th – October 5th, 2018. It analyses the level of compliance with the FATF 40 Recommendations and the level of effectiveness of Bermuda’s AML/CFT system and provides recommendations on how the system could be strengthened.

Click here to access report.

In November 2019 the CFATF completed a compilation of cases based on regional money laundering and terrorist financing investigations and prosecutions. The report categorises these cases, some of which show money flows across corridors, using myriad legitimate facilities. 

Please click here to review the report