Implementation of the MEVAL Programme


Announcements & Updates

The EU supports CFATF in conducting Pre-Assessment Training in Grenada

CFATF’s Legal Advisor Mr. Héctor Sevilla presents to participants.

CFATF’s Legal Advisor Mr. Héctor Sevilla presents to participants.

Grenada’s Prime Minister and Minister of Finance and National Security, Dr. the Right Honourable Keith Mitchell reiterated his country’s commitment to compliance in his opening remarks at the recently concluded Pre-assessment Training conducted by the Caribbean Financial Action Task Force (CFATF). The training was funded by the 11th European Development Fund (EDF) under the Project ‘Implementation of the Mutual Evaluation Programme’. The three-day training was held from the 11th to 13th September 2019 at the VIP Lounge at the Grenada’s National Stadium with over fifty persons across Grenada’s legal, law enforcement and financial sectors in attendance.

The Honorable Attorney General for Grenada Mr. Darshan Ramdhani, presided over the sessions which were conducted by Deputy Executive Director Mrs. Joanne Daniel and Legal Advisor Mr. Héctor Sevilla of the CFATF Secretariat. Some of the topics covered included risk and context for Grenada, preparation for the onsite visit and technical compliance and effectiveness relating to the finalization of the Mutual Evaluation Report.

The Pre-assessment training is aimed at a country’s public and private sector stakeholders to ensure that they cooperate and understand their responsibilities and are equipped in preparation for the Mutual Evaluation Assessment scheduled for June 2020. Therefore, it provides the technical support needed to better prepare countries for compliance with and effective implementation of the Financial Action Task Force’s (FATF) forty (40) recommendations and eleven (11) immediate outcomes in order to combat money laundering and terrorism financing. As a result, compliance and effective implementation of measures put a country in good international standing which in the words of Dr. Mitchell, “when the country’s reputation is protected, business prospects are also enhanced.”