FATF 2025 Mutual Evaluation Report finds Eritrea’s AML/CFT framework full of gaps – no operational FIU, weak legal cooperation, and limited enforcement, leaving the country highly exposed to ML/TF risks

The mutual evaluation notes that Eritrea’s financial system is small and largely state-controlled, which limits exposure to global money-laundering and terrorist-financing risks but has also resulted in minimal institutional capacity, weak risk understanding and limited implementation of AML/CFT controls. Assessors highlight significant deficiencies—including the absence of meaningful international cooperation, weak supervisory structures and limited investigative or asset-recovery activity—while recommending stronger…