Latest FATF report downgrades Nicaragua’s performance in controlling technology-based ML risk; watchdog says gaps exist for VASPs and other financial institutions - AML Intelligence
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Latest FATF report downgrades Nicaragua’s performance in controlling technology-based ML risk; watchdog says gaps exist for VASPs and other financial institutions

Nicaragua’s efforts to showcase AML improvements have suffered a setback with the latest Financial Action Task Force report criticising its record handling new technologies.

The most recent ‘enhanced follow-up’ report for the country shows that while almost every subsection of its AML framework has gained more favourable reviews, ‘new technologies’ stands out as the clear worst performer.

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