The Financial Action Task Force of Latin America conducted an on-site visit to El Salvador from Jan. 8 to 19, 2024, as part of the fourth round of mutual evaluations to assess the implementation of international standards on anti-money laundering and counterterrorism financing.
The International Monetary Funds noted that though government e-wallets, such as El Salvador’s Chivo, are important for promoting financial inclusion, they also come with financial stability and integrity risks, along with consumer protection concerns.
United Arab Emirates targets gold refiner over money-laundering concerns, UK regulator warns fintechs to improve AML controls, and more, in the midweek roundup.
Cryptocurrency-linked bank fires top AML officer, Ericcson anticipates new corruption penalty, and more, in the weekly roundup.
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Technical | Effectiveness |
---|---|
Compliant : 10 | High : |
Largely Compliant : 12 | Substantial : |
Partially Compliant : 18 | Moderate : |
Non-Compliant : 9 | Low : |
Rank : 86/141 |
Score : 4.87/10 |
Rank : 104/179 |
Score : 36/100 |
Rank : 85/133 |
Score : 64/100 |