Posted: 09, Nov 18
ESAAMLG (2017), First Round Mutual Evaluation - Post Evaluation Progress Report of Malawi on Anti-Money Laundering and Counter-Terrorist Financing Measures.Download Document
Posted: 01, Sep 18
The ESAAMLG Council of Ministers approved the mutual evaluation report
for the Republic of Malawi in August 2008. The report was prepared by
the World Bank under the Financial Sector Assessment Programme. Before
its approval by the Council of Ministers the report was discussed and
adopted by the ESAAMLG Task Force of Senior Officials at its meetings in
The report records the high level of commitment of the Government of Malawi in establishing a strong AML/CFT framework by enacting the Money Laundering Proceeds of Serious Crime and Terrorist Financing Act in 2006 (the Act) and setting up an operational financial intelligence unit in July 2007 to lead the implementation process. The Act adopts the key AML/CFT requirements by imposing AML/CFT measures on all financial institutions and designated non-financial businesses and professions defined by the international standards.
The report also identifies some areas of deficiencies in the AML/CFT regime of Malawi. It makes comprehensive recommendations on the actions that Malawi needs to take in the short and medium terms to strengthen its AML/CFT system to fully meet the international standards.
Posted: 09, Jan 17
|Memorandum of Understanding|
|Trends and Methods|
|Country National Strategies|
|Compliance and Financial Inclusion|