GOA announces launch of its National Risk Assessment exercise

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The Government of Anguilla has today announced the launch of its National Risk Assessment exercise. The National Risk Assessment (the "NRA") is the necessary first step in ensuring compliance with the Financial Action Task Force's (FATF) standards on anti-money laundering and combating of terrorist financing ("AML/CFT") and underscores the Government's continuous commitment to strengthening Anguilla's status as a well-regulated financial services centre while demonstrating the Government's recognition of the importance of meeting its international obligations.

Anguilla is scheduled to undergo an on-site review in 2020 as part of the Fourth Round of Mutual Evaluation led by the Caribbean Financial Action Task Force ("CFATF"), the regional inter-governmental body associated with the Financial Action Task Force (the "FATF"). Anguilla was previously evaluated by a CFATF peer review team in respect of the Third Round Mutual Evaluation in July 2009 and successful exited the Third Round Mutual Evaluation at the XLII CFATF plenary in November 2015 held in Port of Spain, Trinidad and Tobago. In the Fourth Round Mutual Evaluation, using the new revised FATF standards, Anguilla is required to carry out a National Risk Assessment to identify and understand the AML/CFT risks that the jurisdiction faces across both the public and private sector, develop statistics in relation to the risks, create an action plan to determine means of reducing the risks and apply the necessary resources to ensure that the risks are effectively mitigated.

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2017-02-14

Contact Information

Anguilla Financial Services Commission
MAICO Building, P.O. Box 1575, The Valley
Phone: +1 264 497 5881
Fax: +1 264 497 5872
Email: info@afsc.ai