Caribbean Financial Action Task Force

The Caribbean Financial Action Task Force (CFATF) is an organization of states and territories of the Caribbean Basin that have agreed to implement common counter-measures against money laundering. CFATF has associate status within the Financial Action Task Force on Money Laundering (FATF).{{Cite web |url=https://uia.org/s/or/en/1100052114 |url-access= |title=Caribbean Financial Action Task Force (CFATF) |author1=Staff writer |year=2024 |department=UIA Global Civil Society Database |website=uia.org |publisher=Union of International Associations |agency=Yearbook of International Organizations Online |location=Brussels, Belgium |format= |arxiv= |asin= |bibcode= |doi= |doi-broken-date= |isbn= |issn= |jfm= |jstor= |lccn= |mr= |oclc= |ol= |osti= |pmc= |pmid= |rfc= |ssrn= |zbl= |id= |access-date=29 January 2025 |url-status= |archive-url= |archive-date= |via= |quote= |trans-quote= |ref= |postscript=}}[http://www.fatf-gafi.org/pages/caribbeanfinancialactiontaskforcecfatf.html "Caribbean Financial Action Task Force (CFATF)"] {{Webarchive|url=https://web.archive.org/web/20170708235125/http://www.fatf-gafi.org/pages/caribbeanfinancialactiontaskforcecfatf.html |date=2017-07-08 }} at FATF.

History

The CFATF was established as the result of two key meetings convened in Aruba in and Jamaica.[https://web.archive.org/web/20150828022023/http://www.eurasiangroup.org/cfatf.php "Caribbean Financial Action Task Force against Money Laundering (CFATF)"], EAG.{{Cite web |title=Market Analysis, Advanced Indicators and Risk Management |url=https://fxsentry.com/ |access-date=2024-08-20 |language=en-US}} In Aruba in 1990 representatives of Caribbean and Central American countries developed a general approach to the problem of the laundering of criminal proceeds and made 19 recommendations.[https://www.imolin.org/imolin/cfatf19.html "19 Aruba Recommendations"], IMOLIN, June 1990.[http://www.policylaundering.org/keyplayers/CFATF.html "The Aruba Recommendations -- 1990 (Revised 1999)"] {{webarchive |url=https://web.archive.org/web/20081011095120/http://www.policylaundering.org/keyplayers/CFATF.html |date=October 11, 2008 }}, CFATF at The Policy Laundering Project.

A meeting of ministers held in Kingston, Jamaica, in 1992, resulted in the Kingston Declaration, endorsing the commitment of the member states to implementing the recommendations and coordinating the implementation through establishment of the CFATF Secretariat.