FATF finds evidence that Cabo Verde has made modest progress in resolving some technical compliance deficiencies in its latest follow-up report

The FATF Follow-Up Report finds that Cabo Verde has upgraded Recommendation 2 (National cooperation and coordination) from Partially Compliant to Largely Compliant, reflecting better institutional coordination and strategic frameworks. However, it downgraded Recommendation 15 (New technologies / VASP-related risks) to Non-Compliant, and leaves unresolved deficiencies in a total of 15 Recommendations, keeping Cabo Verde under enhanced monitoring status.