The Caribbean Financial Action Task Force is an organisation of twenty-five (25) states of the Caribbean Basin, Central and South America, which have agreed to implement common countermeasures to address money laundering. It was established as a result of meetings convened in Aruba in May 1990 and Jamaica in November 1992.
In Aruba, representatives of Western Hemisphere countries, in particular from the Caribbean and Central America, convened to develop a common approach to the phenomenon of the laundering of the proceeds of crime. Nineteen recommendations constituting this common approach were formulated. These
recommendations, which have specific relevance to the Region were complementary to the original forty recommendations of the Financial Action Task Force (FATF) established by the Group of Seven at the 1989 Paris Summit.
The Jamaica Ministerial Meeting was held in Kingston in November 1992. Ministers issued the Kingston Declaration in which they endorsed and affirmed their governments’ commitment to implement the FATF and CFATF Recommendations, the OAS Model Regulations and the 1988 UN Convention. They also mandated the establishment of the Secretariat to co-ordinate the implementation of these objectives by CFATF member countries.
The main objective of the CFATF is to achieve effective implementation of, and compliance with, the FATF recommendations to prevent and control money laundering and to counter the financing of terrorism and proliferation of weapons.
The Secretariat has been established as a mechanism to monitor and encourage progress to ensure full implementation of the Kingston Ministerial Declaration and is presently hosted by the Government of Trinidad and Tobago. The CFATF Membership includes the following:
1. Antigua and Barbuda
2. Anguilla
3. Aruba
4. Bahamas, The
5. Barbados
6. Belize
7. Bermuda
8. British Virgin Islands, The
9. Cayman Islands, The
10. Curacao
11. Dominica
12. El Salvador
13. Grenada
14. Guyana
15. Republic of Haiti
16. Jamaica
17. Montserrat
18. St. Kitts and Nevis
19. St. Lucia
20. St. Maarten
21. St. Vincent and the Grenadines
22. Suriname
23. The Turks and Caicos Islands
24. Trinidad and Tobago
25. Venezuela.
Link: https://www.cfatf-gafic.org/