Tunisia

New Documents

The Middle East and North Africa Financial Action Task Force issued a fourth enhanced follow-up report on Tunisia’s efforts to address the remaining anti-money laundering and counterterrorist financing deficiencies, highlighting that the country improved compliance with nine FATF Recommendations.

The Middle East and North Africa Financial Action Task Force published a third enhanced follow-up report on Tunisia’s efforts to address the remaining anti-money laundering and counterterrorist financing deficiencies in the country.

Enforcement Actions

0 Items Found


Key Documents

Important Facts

  • The U.S. State Department identifies Tunisia as a monitored jurisdiction. Tunisia is not considered a regional financial center. Tunisia has strict currency exchange controls which authorities believe mitigate the risk of international money laundering. There is a low level of organized crime in Tunisia. The primary domestic criminal activities that generate laundered funds are clandestine immigration, trafficking in stolen vehicles and narcotics. Money laundering occurs through the financial sector, especially through informal economic activity involving smuggled goods. Since Tunisia has strict currency controls, it is likely that underground remittance systems such as hawala are prevalent. Trade-based money laundering is also a concern. Throughout the region, invoice manipulation and customs fraud are often involved in hawala counter-valuation. Reports of corruption and other financial crimes have been increasing since the revolution in 2011. Furthermore, the country is often used to facilitate the smuggling of weapons and contraband used to support terrorist groups, including al-Qaida.
  • KYC Covered Entities: Banks, microfinance institutions, and financial intermediaries; company and asset managers; real estate brokers and agents; dealers of precious metals, jewels, precious stones, or high-value goods; and managers of casinos
  • STR Covered Entities: Banks, microfinance institutions, and financial intermediaries; company and asset managers; real estate brokers and agents; dealers of precious metals, jewels, precious stones, or high-value goods; and managers of casinos
  • Enhanced Due Diligence Procedures for PEPs: Foreign: Yes; Domestic: Yes
  • Money Laundering Criminal Prosecutions/Convictions: Prosecutions: N/A; Convictions: N/A
Source: 2016 International Narcotics Control Strategy Report (INCSR)

Rankings

FATF i | 2013 Methodology

Technical Effectiveness
Compliant : 10 High : 0
Largely Compliant : 26 Substantial : 0
Partially Compliant : 4 Moderate : 5
Non-Compliant : 0 Low : 6

No longer a "graylisted" country as of Oct. 18, 2019. Tunisia's technical compliance was re-rated in a Nov. 28, 2019 follow-up report

BASEL i

Rank : 59/146
Score : 6.37/10

TRANSPARENCY INTERNATIONAL i

Rank : 74/180
Score : 43/100

Tax Justice Network i

Rank : 78/133
Score : 66/100