Key Documents

May 15, 2002

March 14, 2008

December 11, 2010

June 16, 2010

January 7, 2005

January 11, 2012

Important Facts

The U.S. State Department labels Honduras as a major money laundering country. Honduras is not an important regional or offshore financial center. Money laundering in the country stems primarily from public corruption and narcotics trafficking by organized criminal groups. Honduras' geographic location makes it an ideal haven for transnational organized crime groups, including human and drug trafficking organizations. A significant amount of laundered proceeds pass directly through the formal banking system, but illicit funds are also known to pass through the non-financial sector, in particular the automobile sector, real estate, remittance companies, currency exchange houses, the construction sector and cattle ranching in remote areas of Honduras. The State Department notes that Honduras established a comprehensive national anti-money laundering strategy in 2019. Honduras has know-your-customer and suspicious transaction reporting regulations, but additional procedures are necessary for full implementation of the country’s 2015 AML law. In addition, bearer shares are legal in Honduras and there is no system for beneficial ownership registration to identify beneficiaries in complex financial transactions. The country has established the Financial Investigation Police Office, a former ad hoc investigation unit, in order to conduct financial investigations related to money laundering and asset forfeiture.

-Source: 2021 International Narcotics Control Strategy Report (INCSR)

Honduras' technical compliance was re-rated in a Janurary 2020 follow-up report

Rank : 68/110

Score : 5.52/10

Rank : 157/179

Score : 24/100

Rank : N/A

Score : N/A