BHUTAN MAKES PROGRESS ON AML/CFT BUT LACKS LAW ENFORCEMENT CAPACITY TO SECURE CONVICTIONS
August 23rd, 2024
The Himalayan state, the Kingdom of Bhutan, has been slowly improving its AML/CFT systems and legislation – while improvements are being made in adopting FATF-compliant policies and laws, there have been no ML or TF prosecutions. A mutual evaluation report (MER) from the Asia/Pacific Group on Money Laundering (APG), released last June (2023), concluded: “Bhutan has made progress in addressing the technical compliance deficiencies identified...” in past assessments.
The MER found Bhutan to be non-complaint with FATF recommendations 37 in mutual legal ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.