CFATF highlights Montserrat’s progress on ML/TF risks but flags gaps in investigations, supervision, and beneficial ownership registration

Montserrat has a solid grasp of its ML/TF risks, backed by recent National and Sectoral Risk Assessments and strong coordination among authorities. While proactive ML investigations are limited, the jurisdiction has seen some success in confiscating criminal assets, mainly related to drug trafficking. TF remains a low risk, with monitoring of Non-Profit Organisations (NPOs) still in early stages. Financial Institutions (FIs) understand their AML/CFT obligations, but Designated Non-Financial Businesses and Professions (DNFBPs) are still catching up…