Antigua Not Working Fast Enough Says FATF
Tuesday March 01 2011 | 09:36 AM

Antigua & Barbuda's progress in strengthening its anti-money laundering (AML) facilities and combatting the financing of
terrorism (CFT) has been labelled unsatisfactory.

The Financial Action Task Force (FATF) last week updated its list of countries with strategic deficiencies, and placed Antigua & Barbuda among its catalogue of countries that "have previously made high- level commitments to the FATF but continue to show deficiencies in their AML and CTF frameworks".

Other countries with that status are: Angola, Bolivia, Ethiopia, Ghana, Indonesia, Kenya, Myanmar, Nepal, Nigeria, Philippines, São Tomé and Príncipe, Sri Lanka, Syria, Tanzania, Trinidad and Tobago, Turkey, Ukraine, and Vietnam.

Another list identified countries deemed as having made adequate progress in AML and CTF since discussions held in 2010 - Bangladesh, Ecuador, Greece, Honduras, Morocco,
Pakistan, Paraguay, Philippines, Sudan, Thailand, Turkmenistan, Venezuela, and Yemen.