ESAAMLG has completed its evaluation of Lesotho’s anti-money laundering and counter-terrorist and proliferation financing (AML/CFT) system. The evaluation was based on the 2012 FATF Recommendations, and was prepared using the 2013 Methodology. The evaluation was based on information provided by the country, and information obtained by the evaluation team during its on-site visit to the country. The Council of Ministers of ESAAMLG approved the Report at its meeting in Kasane, Botswana in September 2023. The findings of the Report have also been reviewed and endorsed by the FATF and the Global Network. Please refer to the Executive Summary of the report for the Key Findings and Priority Actions.
Download DocumentPosted: 04, Dec 23
Posted: 09, Nov 18
ESAAMLG (2017), First Round Mutual Evaluation - Post Evaluation Progress Report of Lesotho on Anti-Money Laundering and Counter-Terrorist Financing Measures.
Download DocumentPosted: 01, Sep 18
ESAAMLG COUNCIL OF MINISTERS ADOPTS THE MUTUAL EVALUATION REPORT FOR THE KINGDOM OF LESOTHO ESAAMLG November 2011
The ESAAMLG Council of Ministers approved and adopted the mutual
evaluation report for the Kingdom of Lesotho in September 2011. The
report was prepared by ESAAMLG experts and was fully discussed and
adopted by the ESAAMLG Task Force of Senior Officials in the same month
of September 2011, before its approval by the Council of Ministers.
The report summarises the AML/CFT framework in the Kingdom of Lesotho
and the commitment of the Government of the Kingdom of Lesotho to
develop an AML/CFT regime which is in compliance with the FATF
standards.
The criminal justice system of the Kingdom of Lesotho combines both
common law and statutory offences. The MLPCA of 1 April 2009 is the main
law which provides the AML/CFT legal framework in the Kingdom of
Lesotho. The MLPCA criminalises the offences of ML and TF, provides for
the establishment of the FIU and its functions, sets out preventive
measures applicable to accountable institutions and their AML/CFT
obligations. The Kingdom of Lesotho has not yet issued regulations to
assist with the implementation of the MLPCA.
The report also discusses the areas of deficiencies identified in the
Kingdom of Lesotho's AML/CFT framework. The report further makes
detailed recommendations on how the Kingdom of Lesotho can address these
areas in order to comprehensively strengthen its AML/CFT regime to meet
international standards. The recommendations provide short and medium
term measures which the Kingdom of Lesotho can take to address the
deficiencies.
Posted: 09, Jan 17
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