Photo credit: Fernando Lugo Méndez, “Fernando Lugo en la foto oficial de GAFISUD,” CC BY-NC-SA 2.0.

Latin America Anti-Money Laundering Group

Abbreviation

GAFILAT

Former title

South America Anti-Money Laundering Group (GAFISUD) 

Summary

The Latin America Anti-Money Laundering Group (GAFILAT) is a FATF-style regional body (FSRB) for countries in Latin America. It aims to develop and implement a comprehensive strategy to combat money laundering and terrorist financing in line with the FATF Recommendations. The GAFILAT carries out mutual evaluations and coordinates training and educational efforts in the region. It also encourages establishing systems to report suspicious transactions and promotes mutual legal assistance.

Members

The members of the GAFILAT include Argentina, Bolivia, Brazil, Chile, Colombia, Costa Rica, Cuba, Ecuador, Guatemala, Honduras, Mexico, Nicaragua, Panama, Paraguay, Peru, and Uruguay.

Observer Jurisdictions

  • Canada
  • France
  • Germany
  • Portugal
  • Spain
  • United States

Observer Organizations

  • Asia/Pacific Group on Money Laundering (APG)
  • Caribbean Financial Action Task Force (CFATF)
  • Financial Action Task Force (FATF)
  • Inter-Amercian Development Bank (BID)
  • Organization of American States (OAS) / Inter-American Drug Abuse Control Commission (CICAD)
  • International Monetary Fund (IMF)
  • Interpol
  • United Nations
  • World Bank

Website

http://www.gafilat.org/

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