Caribbean Financial Action Task Force Cfatf

The Caribbean Financial Action Task Force (CFATF) is an organisation of twenty-five states of the Caribbean Basin, which have agreed to implement common countermeasures to address the problem of criminal money laundering. It was established as the result of meetings convened in Aruba in May 1990 and Jamaica in November 1992. 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 Aruba Recommendations, the OAS Model Regulations, and the 1988 U.N. Convention. They also mandated the establishment of the Secretariat to co-ordinate the implementation of these by CFATF member countries. The main objective of the Caribbean Financial Action Task Force is to achieve effective implementation of and compliance with its recommendations to prevent and control money laundering and to combat the financing of terrorism. The Secretariat has been established as a mechanism to monitor and encourage progress to ensure full implementation of the Kingston Ministerial Declaration. Currently, CFATF Members are: Antigua and Barbuda Anguilla Aruba Bahamas, The Barbados Belize Bermuda British Virgin Islands, The Cayman Islands, The Curacao Dominica Grenada Guyana Republic of Haiti Jamaica Montserrat St. Kitts and Nevis St. Lucia St. Maarten St. Vincent and the Grenadines Suriname The Turks and Caicos Islands The United States of America Trinidad and Tobago and Venezuela