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Twelfth Follow Up Report St Maarten CFATF GAFIC Full PDF NOTEBOOK :

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Twelfth Follow Up Report St Maarten  CFATF GAFIC Full

The CFATF Plenary approved the third round Mutual Evaluation Report (MER) of St. Maarten in
November 2012. Then subsequently by Round Robin on January 8th, 2013.

St. Maarten, has indicated that it is of the opinion that it had met the criteria necessary for removal
from the follow-up process. They have also met the criteria for the Third Round of Mutual Evaluations. Hence, this report is based on the CFATF procedure for removal from the follow-up process as agreed by the CFATF Plenary in May 2014. It also contains a detailed description and analysis of the actions taken by St. Maarten.

Twelfth Follow Up …

The analysis of this report was predicated based on information provided by St. Maarten. It is a desk evaluation that focused on Recommendations rated PC and NC. This means that only a partof the Anti-Money Laundering/Combating Financing of Terrorism (AML/CFT) system was re-
viewed. The analysis mainly focused on the analysis of the main laws, regulations, directives, state
decrees, ministerial decrees along with other material provided by St. Maarten.

As this is a desk-
based review, the level and nature of the information provided and accepted in many instances are
inherently different from that which would have been accepted during an onsite visit. Conse-
quently, the conclusions of this report do not prejudge the results of any future assessments as they
are based on information that was not verified through an onsite process.

Post Plenary, in order to provide St Maarten with a comprehensive list of outstanding documents. It was discovered that translated Articles of the Netherlands Antilles Penal Code that were relevant to assessing compliance primarily with Recom-
mendation 1 (Table of Designated Category of Offences) and also affecting Recommendation 3, 13, 35, 36, SRII and SR IV were not analysed by the Examiners. Accordingly, a post Plenary analysis was conducted, which resulted in the rating for
Recommendation 1 being upgraded from a “PC” to a “LC”.

https://www.sxmgovernment.com has today’s St Maarten Government Updates.

https://www.stmaartennews.org current updates

Hence, this report is based on the CFATF procedure

Contents

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St Maarten News

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