Caribbean Financial Action Task Force (CFATF)

What Caribbean Financial Action Task Force (CFATF) does

The Caribbean Financial Action Task Force (CFATF) is an inter-governmental organization of 25 states and territories across the Caribbean Basin, South, Central, and North America, established following meetings in Aruba (May 1990) and the Kingston Ministerial Declaration (November 1992). It operates as a FATF-Style Regional Body (FSRB) within the FATF Global Network, with the core mandate of ensuring member jurisdictions implement common countermeasures against money laundering, the financing of terrorism, and proliferation financing. The Secretariat is hosted in Port of Spain, Trinidad and Tobago, at Level 21, Nicholas Tower, and is led by Executive Director Dawne J. Spicer under a rotating Chairmanship (currently Barbados, December 2025–November 2026).\n\nCFATF's principal deliverables are institutional rather than commercial: the 4th Round Mutual Evaluation Programme (comprising Mutual Evaluation Reports and Follow-Up Reports), the CRTMG typology and risk-trends research projects, the Research Corner publications, bi-annual Plenary Meetings, and training and technical assistance programmes that operate as a liaison between member jurisdictions and the World Bank, IMF, IDB, UNODC, Interpol, and other observers. The methodology assesses both technical compliance with the 40 FATF Recommendations and the effectiveness of national AML/CFT/CPF frameworks, and is coordinated with peer FSRBs (APG, ESAAMLG, GAFILAT, etc.) in the Global Network. Six Co-operating and Supporting Nations (Canada, France, Mexico, the Netherlands, Spain, the United Kingdom) provide additional political and financial support.\n\nThe organization is funded entirely by member-state assessed contributions and COSUN voluntary contributions; it does not generate commercial revenue, has no disclosed budget, and operates with approximately 21 Secretariat staff. Governance rests with a Council of Ministers (supreme authority) and a Plenary of Senior Officials, with ownership effectively shared equally across the 25 member jurisdictions, each typically represented by an Attorney General or Minister of Finance.

Name

Caribbean Financial Action Task Force (CFATF)

Legal name

Caribbean Financial Action Task Force (CFATF)

Website

https://cfatf-gafic.org

Company type

Private

Founded year

1990

Operating status

Operating

Headcount range

11–50 employees

Short description

CFATF is an inter-governmental organization of 25 Caribbean Basin states that serves as a FATF-Style Regional Body, conducting mutual evaluations, typology research, and training to promote member compliance with global AML/CFT/CPF standards.

Ownership category

akta.pro rank

Product category

International AML/CFT/CPF Regulatory Compliance Services

NAICS

International Affairs (928120), International Affairs (92812)

SIC

International Affairs (9721), Foreign Governments (8888)

akta.pro primary industry

Financial Regulation, AML/CFT & Tax Transparency Cooperation (BPADANAL)

Keywords

• AML compliance standards
• Mutual evaluations
• Counter-terrorism financing
• Regulatory frameworks
• Financial integrity

Headquarters

HQ city

Port of Spain

HQ country

Trinidad & Tobago

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Others, Technology or R&D

Distribution channels2 records

Marketing channels5 records

Core offering

CFATF conducts Mutual Evaluations of its 25 member jurisdictions to assess compliance with and effectiveness of the FATF 40 Recommendations across anti-money laundering (AML), counter-terrorist financing (CFT) and counter-proliferation financing (CPF) frameworks, producing public Mutual Evaluation Reports and Follow-Up Reports. It complements this with CRTMG typology research, the Research Corner publication series, coordinated Training and Technical Assistance channelled through Observer partners (IMF, World Bank, IDB, UNODC), and bi-annual Plenary Meetings where Members approve evaluations and set regional priorities.

Product overview

The Caribbean Financial Action Task Force (CFATF) is an inter-governmental organization serving as a FATF Style Regional Body (FSRB) that does not offer traditional commercial products. Its portfolio consists of compliance assessment services and publications, including the Mutual Evaluation Programme (which produces 4th Round Mutual Evaluation Reports and Follow-Up Reports), CRTMG research projects, Research Corner publications, training and technical assistance programmes, Annual Reports, and Plenary Meetings. These services work together to promote regional compliance with FATF Standards for combating money laundering, terrorist financing, and proliferation financing across 25 Member jurisdictions in the Caribbean Basin.

Differentiator

Problem solved

Functional benefit

Products and services

• Mutual Evaluation Programme
• 4th Round Mutual Evaluation Reports

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

18 partnerships are on record, tiered core, major and flagship.

• Financial Action Task Force (FATF)coreStrategic or Co-development PartnerFATF is the premier inter-governmental organization that sets the standards for preventing money laundering, terrorist, and proliferation financing. CFATF, as an FATF Style Regional Body (FSRB), forms part of the Global Network and works to promote regional compliance with FATF Standards. CFATF represents its interests at FATF Plenary meetings.
• Asia Pacific Group on Money Laundering (APG)coreStrategic or Co-development PartnerOne of nine FATF-Style Regional Bodies (FSRBs) in the Global Network. CFATF collaborates on mutual evaluation methodology and AML/CFT/CPF standards.
• Eastern and Southern Africa Anti-Money Laundering Group (ESAAMLG)coreStrategic or Co-development PartnerFSRB partner within the Global Network. Collaborates on typology exercises and mutual evaluation best practices.
• Financial Action Task Force of Latin America (GAFILAT)coreStrategic or Co-development PartnerFSRB partner within the Global Network covering Latin America. CFATF coordinates with GAFILAT on regional AML/CFT/CPF initiatives.
• Caribbean Development BankmajorStrategic or Co-development PartnerObserver organization that supports CFATF member countries with development financing and technical assistance related to AML/CFT/CPF compliance.
• Inter-American Development Bank (IDB)majorStrategic or Co-development PartnerObserver organization providing technical assistance and financing support to CFATF member countries for AML/CFT/CPF capacity building.
• International Monetary Fund (IMF)majorStrategic or Co-development PartnerObserver organization providing technical assistance and assessments related to AML/CFT/CPF frameworks in member countries.
• The World Bank GroupmajorStrategic or Co-development PartnerObserver organization supporting CFATF members with technical assistance and financing for AML/CFT/CPF compliance improvements.
• United Nations Office on Drugs and Crime (UNODC)majorStrategic or Co-development PartnerObserver organization providing expertise on transnational organized crime, asset recovery, and law enforcement cooperation relevant to AML/CFT/CPF.
• InterpolmajorStrategic or Co-development PartnerObserver organization providing law enforcement coordination and international police cooperation for AML/CFT investigations.
• Canada (COSUN)flagshipStrategic or Co-development PartnerCo-operating and Supporting Nation committed to supporting the mutual evaluation process in implementing FATF Recommendations and making contributions to CFATF work and resources.
• France (COSUN)flagshipStrategic or Co-development PartnerCo-operating and Supporting Nation providing support for AML/CFT/CPF mutual evaluation implementation and CFATF resources.
• Mexico (COSUN)flagshipStrategic or Co-development PartnerCo-operating and Supporting Nation committed to supporting FATF Recommendations implementation and CFATF activities.
• Kingdom of the Netherlands (COSUN)flagshipStrategic or Co-development PartnerCo-operating and Supporting Nation providing contributions to CFATF work and resources as permitted by national laws and policies.
• Spain (COSUN)flagshipStrategic or Co-development PartnerCo-operating and Supporting Nation committed to supporting mutual evaluation process and CFATF resource contributions.
• United Kingdom (COSUN)flagshipStrategic or Co-development PartnerCo-operating and Supporting Nation providing support for FATF Recommendations implementation and CFATF work contributions.
• Eastern Caribbean Central Bank (ECCB)majorStrategic or Co-development PartnerStrategic ally hosting AML/CFT/CPF sensitization training for the Judiciary. Represents twenty-four percent of CFATF Members.
• Regional Security System – Asset Recovery Unit (RSS-ARU)majorStrategic or Co-development PartnerStrategic partner for AML/CFT/CPF training initiatives. Co-hosted sensitization training for the Judiciary with ECCB and CFATF.

Scale indicators4 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Financial Action Task Force (FATF): FATF is the global standard-setter and parent body of the FATF Global Network, of which CFATF is a regional member. It operates the same mutual evaluation methodology and issues Public Statements that CFATF relies upon for leverage, making it the most directly comparable peer.
• GAFILAT (Financial Action Task Force of Latin America): GAFILAT is the FSRB covering Latin America, overlapping with CFATF geographically (several members in Central/South America). Operates the same FATF mutual evaluation methodology and serves a comparable membership profile.
• MENAFATF (Middle East and North Africa FATF): MENAFATF is the FSRB covering the MENA region, performing mutual evaluations and AML/CFT technical assistance under the same FATF framework. Direct peer in mandate, methodology, and member-state governance model.
• ESAAMLG (Eastern and Southern Africa Anti-Money Laundering Group): ESAAMLG is the FSRB for Eastern and Southern Africa, explicitly listed by CFATF as a core FSRB partner collaborating on typology exercises and mutual evaluation best practices — a direct peer in mandate and structure.
• Asia/Pacific Group on Money Laundering (APG): APG is one of nine FATF-Style Regional Bodies covering the Asia-Pacific region, with an identical mandate (mutual evaluations, technical assistance, typology work). Directly comparable in scope, governance model, and outputs to CFATF.
• GIABA (Inter-Governmental Action Group against Money Laundering in West Africa): GIABA is the ECOWAS-region FSRB covering 17 West African states. Shares the FSRB mandate, FATF evaluation methodology, and observer relationship with multilateral institutions, making it a comparable peer in structure and function.
• Committee of Experts on the Evaluation of Anti-Money Laundering Measures (MONEYVAL): MONEYVAL is the Council of Europe's FSRB covering European jurisdictions outside the EU. It performs mutual evaluations using the same FATF methodology and is functionally the most analogous FSRB peer to CFATF in governance and outputs.

Others

• Egmont Group of Financial Intelligence Units: The Egmont Group is a global network of Financial Intelligence Units (FIUs) supporting AML/CFT cooperation. While not an FSRB, it operates in the same AML/CFT ecosystem, supports CFATF member FIUs, and is a complementary peer in the broader standards architecture.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

• Facebookfacebook.com/cfatfgafic
• LinkedInlinkedin.com/company/caribbean-financial-action-task-force

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

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M&A

Investments

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Frequently asked questions about Caribbean Financial Action Task Force (CFATF)