December 10th , 2019   Follow us


MUTUAL EVALUATIONS


MUTUAL EVALUATION REPORT OF MALAWI- SEPTEMBER 2019.

ESAAMLG has completed its assessment of Malawi’s anti-money laundering and counter-terrorist and proliferation financing (AML/CFT) system. The Mutual Evaluation Report of Malawi comprehensively reviews the effectiveness of Malawi’s measures and their level of compliance with the FATF Recommendations. The Council of Ministers of ESAAMLG adopted this report at its meeting in Eswatini on 06 September 2019.

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 Posted:  21, Oct 19


POST EVALUATION PROGRESS REPORT OF MALAWI-2018.

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 Posted:  09, Nov 18


POST EVALUATION PROGRESS REPORT OF MALAWI-2017.

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

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 Posted:  01, Sep 18


MUTUAL EVALUATION REPORT FOR THE REPUBLIC OF MALAWI.

The ESAAMLG Council of Ministers approved the mutual evaluation report for the Republic of Malawi in August 2008.  The report was prepared by the World Bank under the Financial Sector Assessment Programme.  Before its approval by the Council of Ministers the report was discussed and adopted by the ESAAMLG Task Force of Senior Officials at its meetings in August 2008.


The report records the high level of commitment of the Government of Malawi in establishing a strong AML/CFT framework by enacting the Money Laundering Proceeds of Serious Crime and Terrorist Financing Act in 2006 (the Act) and setting up an operational financial intelligence unit in July 2007 to lead the implementation process.  The Act adopts the key AML/CFT requirements by imposing AML/CFT measures on all financial institutions and designated non-financial businesses and professions defined by the international standards.
The report also identifies some areas of deficiencies in the AML/CFT regime of Malawi.  It makes comprehensive recommendations on the actions that Malawi needs to take in the short and medium terms to strengthen its AML/CFT system to fully meet the international standards.

ESAAMLG Secretariat
December 2008

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 Posted:  09, Jan 17