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
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