Strengthening the Integrity of Financial Systems: Improving the Capacity to Prevent Money Laundering and Terrorist Financing IV

implementation

To support IDB member countries in their efforts to prevent money laundering and terrorism financing, by complying with the Financial Action Task Force (FATF) Standards. The TC will combine a demand-driven approach, with a careful assessment of countries' Anti-Money Laundering and Terrorism Financing (AML/CFT) needs. In this sense, requests for support from specific countries will be considered along with the results of the Mutual Evaluation Reports (MERs) provided by the FATF, focusing on areas where there is a strategic need to improve the AML/CFT frameworks. IDB borrowing member countries require support and technical assistance from the Bank for the process of Mutual Evaluation or to implement the recommendations included in the FATF Mutual Evaluation Final Report. To date, three countries required support from the Bank in this area: Argentina, Uruguay and the Dominican Republic.