Circular Letter 02/2013: Statements Issued by Financial Action Task Force on Money Laundering

GOVERNOR

Dili, 8 April 2013

Chief Executive Officers
All banks operating in Timor-Leste

Circular Letter 02/2013: Statements Issued by Financial Action Task Force on Money Laundering

On 22 February 2013 the Financial Action Task Force on Money Laundering and Terrorism Financing (FATF) issued an updated statement on a number of jurisdictions identified as having strategic deficiencies in their anti-money laundering and counter-terrorist financing (AML/CFT) regimes. The statement can be accessed at: http://www.fatf-gafi.org/topics/high-riskandnon-cooperativejurisdictions/documents/fatfpublicstatement22february2013.html.

All banks are required to implement and apply appropriate measures given the risks identified, pursuant to article 11 of Public Instruction 02/2004.

The FATF has also issued an updated statement identifying jurisdictions that have strategic AML/CFT deficiencies for which they have developed an action plan with the FATF and provided a written high level political commitment to address the identified deficiencies. The statement can be found at: http://www.fatf-gafi.org/topics/high-riskandnon-cooperativejurisdictions/documents/improvingglobalcftcomplianceon-goingprocess-22february2013.html.

Sincerely yours,

Abraão de Vasconselos

BANCO CENTRAL DE TIMOR-LESTE
Avenida Bispo Medeiros
P.O.BOX 59 - DILI
TIMOR-LESTE
T: +670 331 371 2 / 4 / 5 / 8
F: +670 331 371 3 / 6 / 7
E: info(at)bancocentral.tl