Bolivia Bolivia

New Documents

The Financial Action Task Force of Latin America published a mutual evaluation report of Bolivia’s anti-money laundering and counterterrorist financing regime.

The Financial Action Task Force on Money Laundering in South America highlighted improvements in Bolivia’s anti-money laundering regime, which removed the nation from the Financial Action Task Force’s Public Statement list of jurisdictions.


Enforcement Actions

0 Items Found

Important Facts

  • The U.S. State Department labels Bolivia as a major money laundering jurisdiction. Illicit financial activities in the country are related primarily to cocaine trafficking, illegal gold mining, smuggled goods, corruption and informal currency exchanges. Criminal proceeds laundered in Bolivia are also often derived from smuggling contraband and from the foreign and domestic drug trade. The country suffers from a lack of well-trained prosecutors and police officers, resulting in ineffective criminal investigations. In addition, the justice system is hindered by corruption and political interference, both of which impede the fight against narcotics-related money laundering. A lack of personnel at the financial intelligence unit, in addition to inadequate resources and weakness in the legal and regulatory framework, have limited enforcement effectiveness. Bolivia has know your customer (KYC) regulations, including photo identification requirements. Financial intermediaries must register this information into their systems, regardless of the transaction amount or whether the transaction is a deposit or a withdrawal. Private banks must also follow KYC international standards.
-Source: 2021 International Narcotics Control Strategy Report (INCSR)



Technical Effectiveness
Compliant : 1 High :
Largely Compliant : 4 Substantial :
Partially Compliant : 27 Moderate :
Non-Compliant : 17 Low :


Rank : 31/141
Score : 6.2/10


Rank : 124/179
Score : 31/100

Tax Justice Network i

Rank : 91/133
Score : 79/100