"We are pleased to share that CABEI has joined CABEI in supporting its member countries in different initiatives through GAFILAT that contribute to achieving their objectives in terms of GAFI standards. We will continue to contribute to initiatives that benefit our member countries, their population and financial sector", said CABEI Executive President, Dr. Dante Mossi.

The Grupo de Acción Financiera de Latinoamérica (GAFILAT) is a regionally based intergovernmental organization that brings together 18 countries from South America, Central America and North America. GAFILAT was created to prevent and combat money laundering, the financing of terrorism and the financing of the proliferation of weapons of mass destruction, through a commitment to the continuous improvement of national policies against these scourges and the deepening of the various cooperation mechanisms among member countries.

CABEI, since 2021, has contributed together with GAFILAT in the development of different activities, among these, workshops for the exchange of good practices in the area of beneficial ownership, risk-based supervision, GAFILAT expert group, with emphasis on supporting countries in achieving their objectives regarding compliance with the recommendations of the Grupo de Acción Financiera (GAFI).  

Compliance with the strategic deficiencies refers to having demonstrated the technical strengthening of its system with respect to the 40 GAFI Recommendations on LA/FT/FPADM prevention.

The financial institution has a special interest in the growth and well-being of Central Americans, and therefore, although there are challenges to overcome that are the responsibility of all political, economic and social actors, it renews its commitment as an institution to support efforts that generate a verifiable positive impact through projects that accompany the economic, social and environmental growth of the region and contribute to reducing poverty and inequality and improving the quality of life of Central Americans.