Mutual Evaluation / Detailed Assessment Report Anti-Money Laundering and Combating the Financing of Terrorism Republic of Haiti
- Haiti lacks a legal framework to counter the financing of terrorism.
- The implementation of the existing AML regime is insufficient and ineffective.
- No money laundering prosecution has been completed thus far.
- Suspicious transaction reports remain very small.
- Compliance by the financial sector with its AML obligations is not properly supervised.
The Mutual Evaluation Report provides a comprehensive analysis of Haiti's AML/CFT measures as of late 2007. It examines the legal system, institutional framework, and preventive measures in place to combat money laundering and terrorist financing. The report assesses Haiti's compliance with the FATF 40+9 Recommendations, highlighting key findings and offering recommendations for strengthening the system. It covers topics such as criminalization of money laundering and terrorist financing, confiscation of proceeds of crime, the role of the Financial Intelligence Unit (UCREF), and preventive measures for financial institutions and designated non-financial businesses and professions.
How to cite
World Bank, 2008, Mutual Evaluation / Detailed Assessment Report Anti-Money Laundering and Combating the Financing of Terrorism Republic of Haiti, accessed via HaitiDocs, https://www.haitidocs.org/doc/wb-2008-mutual-evaluation-detailed