Palau's progress in strengthening measures to tackle money laundering and terrorist financing

Publication details

Language

English

Country

Palau

Overall, Palau has made progress in addressing the technical compliance deficiencies identified in its 2018 Mutual Evaluation.

The country has been re-rated on 5 Recommendations:

  • Recommendation 22 is upgraded from Non Compliant to Largely Compliant
  • Recommendation 23 is upgraded from Partially Compliant to Largely Compliant
  • Recommendation 28 is upgraded from Non Compliant to Partially Compliant
  • Recommendation 36 is upgraded from Non Compliant to Largely Compliant

Palau has not yet implemented the new VASP requirements; R15 is downgraded from Partially Compliant to Non Compliant.

Palau has 23 Recommendations rated C/LC, 13 rated PC and 4 non compliant. The country is moved to enhanced follow-up.

APG Follow-Up Report of Palau - 2023

Filename
Palau-FUR-2023.pdf
Size
528 KB
Format
application/pdf
Download the FUR

Earlier reports

  • 1 Oct 2018

    Palau's measures to combat money laundering and the financing of terrorism and proliferation This APG report provides a summary of the anti-money laundering and combating the financing of terrorism (AML/CFT) measures in place in Palau as at the date of the end of the on-site visit (20 November-1 December 2017). It analyses the level of compliance with the FATF 40 Recommendations and the level of effectiveness of Palau's AML/CFT system, and provides recommendations on how the system could be strengthened. This mutual evaluation report was adopted by the APG at its annual meeting in July 2018 and was also endorsed by FATF.

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