Financial Action Task Force against Money Laundering in South America (GAFISUD) – a FATF-style regional body founded on Dec. 8, 2000.
The group’s efforts are aimed at developing the legal framework in the sphere of AML/CFT, creating a messaging system on suspicious transactions, mutual legal assistance, as well as the continuous improvement of national policies and strengthening methods of cooperation among the member states.
The purpose of the group is to develop and implement a global strategy to combat money laundering and terrorist financing as defined by the FATF Recommendations.
The group is a legal entity and has diplomatic status in Argentina, where its Secretariat is located.
GAFISUD is an associate member of the FATF.
Member states
- Argentina
- Bolivia
- Brazil
- Chile
- Colombia
- Ecuador
- Mexico
- Paraguay
- Peru
- Uruguay
Observer states
- France
- Germany
- Portugal
- Spain
- United States
Observer organizations
- Egmont Group of Financial Intelligence Units
- Inter-American Development Bank
- Interpol
- International Monetary Fund
- INTOSAI
- Organization of American States/Inter-American Commission on Drug Control
- United Nations
- World Bank
Official site: http://www.gafisud.info
EAG Bulletin
EAG in the news
The Senate of the Parliament of Kazakhstan on Wednesday approved ratification the agreement on the Eurasian Group on Combating Money Laundering and Terrorist Financing."
The agreement has been adopted by Parliament and sent to the President in the form of the law.
The Senate of Oliy Majlis (the upper house of the Uzbek parliament) approved the law on "Agreement on the Eurasian group on combating money laundering and financing of terrorism" at the plenary session on Tuesday.