Dana Malcolm
Staff Writer
#TurksandCaicos, January 9, 2023 – After a year of hard work, the Caribbean Financial Action Task Force has graded the Turks and Caicos as compliant with a grade of 37 out of 40 on their scale according to the Attorney General.
Speaking During the January 4 Legal Year Opening Ceremony Rhondalee Braithwaite-Knowles said.
“Our jurisdiction continues to make progress on the three remaining FATF Recommendations through the completion of a revised National Risk Assessment to better identify, assess and understand our money laundering and terrorist financing risks so that we can apply
AML/CFT measures that correspond to the level of risks.”
The country is also working on getting a compliant grade for financial reporting under the EU.
