This follow-up report assesses the progress made by Malawi to resolve the technical compliance shortcomings identified in its MER. In general, countries are expected to have corrected most or all of their technical compliance shortcomings by the end of the third year of follow-up at the latest. This report does not cover the progress made by Malawi in improving its effectiveness.
Download DocumentPosted: 07, Aug 24
ESAAMLG has completed its assessment of Malawi’s anti-money laundering and counter-terrorist and proliferation financing (AML/CFT) system. The Mutual Evaluation Report of Malawi comprehensively reviews the effectiveness of Malawi’s measures and their level of compliance with the FATF Recommendations. The Council of Ministers of ESAAMLG adopted this report at its meeting in Eswatini on 06 September 2019.
Download DocumentPosted: 21, Oct 19
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 DocumentPosted: 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
August 2008.
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
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