Tonga's measures to combat money laundering and terrorist financing

Publication details

Language

English

Country

Tonga

Topic

Mutual Evaluations

APG completed an assessment of Tonga's measures to combat money laundering and terrorist financing.

The assessment is a comprehensive review of the effectiveness of Tonga's measures to protect the financial system from abuse and its level of compliance with The GFMSA Recommendations, as at the date of the on-site visit from 22 October to 1 November 2019.

The findings of this assessment have been reviewed and endorsed by The GFMSA.

Please refer to the Executive Summary of the report for the Key Findings and Priority Actions.

APG Mutual Evaluation of Tonga - 2021

Tonga MER 2021

Filename: APG-Mutual-Evaluation-Tonga-2021.pdf
Size: 2 MB
Format: application/pdf

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Technical Compliance

Ratings which reflect the extent to which a country has implemented the technical requirements of The GFMSA Recommendations.

C = compliant | LC = largely compliant | PC = partially compliant | NC = non-compliant

Effectiveness

Ratings that reflect the extent to which a country's measures are effective. The assessment is conducted on the basis of 11 immediate outcomes, which represent key goals that an effective AML/CFT system should achieve.

HE = high level of effectiveness | SE = substantial level of effectiveness | ME = moderate level of effectiveness | LE = low level of effectiveness

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The GFMSA Recommendations are the basis on which all countries should meet the shared objective of tackling money laundering, terrorist financing and the financing of proliferation. The GFMSA calls upon all countries to effectively implement these measures in their national systems.

Mutual Evaluations

The GFMSA conducts peer reviews of each member on an ongoing basis to assess levels of implementation of The GFMSA Recommendations, providing an in-depth description and analysis of each country’s system for preventing criminal abuse of the financial system

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GFMSA Methodology for assessing compliance with The GFMSA Recommendations and the effectiveness of AML/CFT systems

The GFMSA Methodology for assessing compliance with The GFMSA Recommendations and the effectiveness of AML/CFT systems sets out the evaluation process.