GAFISUD

AcronymDefinition
GAFISUDGrupo de Accion Financiera de Sudamerica (Spanish: South American Financial Action Task Force; inter-governmental body)
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During its July 2014 meeting, GAFISUD became GAFILAT as a means to cover all Latin American nations.
343), el GAFI es un grupo intergubernamental conformado por 31 paises y dos organizaciones internacionales; a traves de su primer informe, en el ano 1990, expiden las cuarenta recomendaciones para evitar el uso del sistema financiero para el lavado de dinero de actividades ilicitas, "en octubre de 2001, el GAFI amplia su mandato incorporando el tema del financiamiento del terrorismo, y da el importante paso de formular las ocho recomendaciones especiales sobe financiamiento del terrorismo" (GAFISUD, 2003, p.
En este orden de ideas, tenemos, de una parte, que el SARLAFT es un sistema de administracion de riesgo que se ajusta en mayor medida a estandares y recomendaciones provenientes de organismos internacionales como el GAFI y GAFISUD, y de otra, que el incumplimiento del SARLAFT y en general de las normas sobre prevencion del lavado de activos mencionadas, da lugar a la imposicion de sanciones de gran importancia, las cuales se describen y estudian en este texto.
GAFISUD's expressed aim was and remains that of fighting ML and TF by continuously improving national policies and strengthening methods of co-operation between its member states, which remain the eight original founders.
In its meeting of July 2014, GAFISUD renamed itself GAFILAT, so it could encompass all Latin American nations, with 16 of them having joined so far.
GAFISUD Financial Action Task Force on Money Laundering in South
The 2012 terrorism report, issued in May 2013, had noted that Cuba became a member of the Financial Action Task Force of South America (GAFISUD), a regional group associated with the multilateral Financial Action Task Force (FATF), in December 2012.
Also there are other regional groups in the western hemisphere: the Caribbean Financial Action Task Force which is a sister organisation of the FATF and GAFISUD (the South American financial action task force) which are both also affiliated to FATF.
Department of the Treasury and DOJ, INL is a supporter of FATF-style regional bodies' secretariats and training programs, including the Council of Europe's MONEYVAL, the Caribbean Financial Action Task Force (CFATF), the Intergovernmental Action Group against Money Laundering in West Africa (GIABA), the Financial Action Task Force for South America (GAFISUD), the Asia Pacific Group (APG), and the Eastern and Southern Africa Anti-Money Laundering Group (ESAAMLG).
The 2012 terrorism report also noted that Cuba became a member of the Financial Action Task Force of South America (GAFISUD), a regional group associated with the multilateral Financial Action Task Force (FATF), in December 2012.
The Financial Action Task Force on Money Laundering of Latin America (GAFILAT), formerly the Financial Action Task Force on Money Laundering in South America (GAFISUD), was established in 2000.
(GAFISUD), the APG, and the Eastern and Southern Africa Anti-Money