This report sets out Ethiopia's progress in strengthening anti-money laundering and counter terrorist financing measures since their 2015 assessment. Since its 2015 mutual evaluation, Ethiopia has made progress in addressing deficiencies.
Overall, Ethiopia has made sufficient progress in addressing deficiencies in technical compliance identified in its MER to justify re-rating of R. 24 initially rated PC and now re-rated Largely Compliant.
Ethiopia will remain in enhanced follow-up and will continue to inform the ESAAMLG of the progress made in improving the implementation of its AML/CFT measures two months before each Task Force meeting.
Posted: 24, Jun 22
This report sets out Ethiopia's progress in strengthening anti-money laundering and counter terrorist financing measures since their 2015 assessment. Since its 2015 mutual evaluation, Ethiopia has made progress in addressing deficiencies. Overall, Ethiopia has made sufficient progress in addressing deficiencies in technical compliance identified in its MER to justify re-rating of R. 34 initially rated PC and now re-rated Largely Compliant. Recommendation 15, which was originally rated LC under its MER 2015, has been downgraded from LC to Partially Compliant considering that Ethiopia has not addressed the new requirements of R.15 as set out from c.15.3 to c.15.11. Ethiopia will remain in enhanced follow-up and will continue to inform the ESAAMLG of the progress made in improving and implementing its AML/CFT measures.
Download DocumentPosted: 17, Jun 21
This Follow up Report (FUR) sets out Ethiopia's progress in strengthening anti-money laundering and counter terrorist financing measures. Ethiopia has been in an enhanced follow-up process following the adoption of its Mutual Evaluation Report in 2015. In line with the ESAAMLG’s Second Round Procedures for Mutual Evaluations and Follow up Process, the country has reported back to the ESAAMLG on the action it has taken since its September 2019 FUR. Since its 2015 mutual evaluation and its September 2019 FUR, Ethiopia has made progress in addressing deficiencies against Recommendation 7. Overall, review of the progress shows that most of deficiencies which remained following re-rating of R7 in September 2019 have been addressed. In particular, it was noted that Ethiopia is able to implement freezing action of designated persons or entities without delay using provisions of Regulation 306/2014. Under Proclamation 1132/2019 mechanism have been introduced that would enable authorities to communicate with FIs and DNFBPs designations or delisting and there is obligation imposed on the Committee to provide guidance on the implementation of TFS. Ethiopia is now compliant on 11 of the 40 Recommendations, largely compliant on 24 of them and non-applicable on 1 Recommendation. It remains partially compliant on 4 Recommendations will remain in enhanced follow-up and will continue to inform the ESAAMLG of the progress made in improving the implementation of its AML/CFT measures.
Download DocumentPosted: 22, Jan 21
This report sets out Ethiopia's progress in strengthening anti-money laundering and counter terrorist financing measures since their 2015 assessment. Since its 2015 mutual evaluation, Ethiopia has made progress in addressing deficiencies; the ESAAMLG has re-rated the country on 5 of the 40 Recommendations at the September 2019 meeting in Eswatini.
Download DocumentPosted: 21, Oct 19
This report sets out Ethiopia's progress in strengthening anti-money laundering and counter terrorist financing measures since their 2015 assessment. Since its 2015 mutual evaluation, Ethiopia has made progress in addressing deficiencies; the ESAAMLG has re-rated the country on 9 of the 40 Recommendations.
Download DocumentPosted: 09, Nov 18
Posted: 09, Jan 17
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