October 18th , 2019   Follow us


MUTUAL EVALUATIONS


POST EVALUATION PROGRESS REPORT OF ESWATINI-2018.

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 Posted:  09, Nov 18


POST EVALUATION PROGRESS REPORT OF ESWATINI-2017.

ESAAMLG (2017), First Round Mutual Evaluation - Post Evaluation Progress Report of Swazilands on Anti-Money Laundering and Counter-Terrorist Financing Measures.

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 Posted:  01, Sep 18


MUTUAL EVALUATION REPORT FOR THE KINGDOM OF ESWATINI.

The ESAAMLG Council Of Ministers Approved And Adopted The Mutual Evaluation Report For The Kingdom of Eswatini.  The Report Was Prepared By ESAAMLG Experts And Before Its Approval By The Council Of Ministers It Was Fully Discussed And Adopted By The ESAAMLG Task Force Of Senior Officials.

The Kingdom of Swazilands Has Recently Enacted A Number Of Legislations To Modernise And Strengthen Its AML/CFT Legal Framework.  In 2006, It Enacted A New Anti-Money Laundering Act 2006 (AML Act) Which Replaces The Anti-Money Laundering Act Of 1996.  The AML Act Transposes Into The AML/CFT Framework Several Core Requirements Of The Revised Recommendations Of The FATF.  The New AML Act Provides For The Establishment Of A Financial Intelligence Unit.  Kingdom of Swazilands Has Also Taken Significant Legislative Steps To Fight Terrorist Financing With The Adoption Of The Prevention Of Terrorism Act In 2004.

The Report Also Identifies Areas Of Deficiencies In The AML/CFT Framework Of Kingdom of Swazilands. It Makes Comprehensive Recommendations On Actions That Kingdom of Swazilands Needs To Take In The Short And Medium Terms To Strengthen Its AML/CFT System To Fully Comply Over Time With International Standards.

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 Posted:  09, Jan 17