ESAAMLG 6th Enhanced Follow-Up Report on Malawi highlights stronger AML/CFT legal and cooperation frameworks, but persistent gaps in supervision, financial intelligence, and asset recovery

The report identifies progress across several FATF Recommendations, including enhancements to targeted financial sanctions, preventive measures, beneficial ownership requirements, and international cooperation mechanisms that resulted in technical compliance upgrades. ESAAMLG also highlights continuing concerns relating to operational capacity, risk-based supervision, use of financial intelligence, and the effectiveness of money laundering investigations, prosecutions, and confiscation measures, requiring further reforms and sustained monitoring…