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