The Financial Action Task Force of Latin America held a course in Havana, Cuba from 7 to 11 April on “Preventive obligations within AML/CFT systems”, aimed at training key Cuban AML/CFT stakeholders on the requirements of the FATF 40 Recommendations applicable to financial institutions, virtual asset service providers and designated non-financial businesses and professions. The programme covered customer due diligence, transparency and beneficial ownership of legal persons and arrangements, the risk-based approach, terrorist financing and proliferation financing, and the role of financial intelligence units, combining technical content with practical exercises. Participants included senior authorities from Cuba’s AML/CFT system, such as the National Coordination before GAFILAT and the Directorate General of Financial Investigations (DGIOF), alongside other relevant agencies and sector representatives; the course was supported by the Kingdom of Spain and positioned within Cuba’s AML/CFT capacity-building plan as it prepares to be the first GAFILAT member assessed under the fifth round of mutual evaluations.
Financial Action Task Force of Latin America (GAFILAT) 2025-04-23
Financial Action Task Force of Latin America delivers Spain-supported training in Cuba on preventive AML/CFT obligations ahead of fifth-round mutual evaluation
The Financial Action Task Force of Latin America conducted a course in Havana on "Preventive obligations within AML/CFT systems" to train Cuban stakeholders on FATF 40 Recommendations. The program included customer due diligence, transparency, beneficial ownership, and the role of financial intelligence units, with support from Spain. This initiative is part of Cuba's AML/CFT capacity-building plan ahead of its upcoming GAFILAT mutual evaluation.