APG assessment of the anti-money laundering and counter-terrorist financing (AML/CFT) measures in Samoa. Ratings of the levels of technical compliance and effectiveness.

1. Anti-money laundering and counter-terrorist financing measures in Samoa – Mutual Evaluation Report – September 2015 1
Anti-money laundering and counter-
terrorist financing (AML/CTF)
measures in Samoa
Mutual Evaluation
Ratings
September 2015
www.fatf-gafi.org/publications/mutualevaluations/documents/mer-samoa-2015.html

2. Anti-money laundering and counter-terrorist financing measures in Samoa – Mutual Evaluation Report – September 2015
Ratings – Effectiveness (1/3)
2
Extent to which
Samoa has achieved
this objective
1 ML and TF risks are understood and, where appropriate,
actions co-ordinated domestically to combat ML and TF
Moderate
2 International co-operation delivers appropriate
information, financial intelligence, and evidence, and
facilitates action against criminals and their assets
Substantial
3 Supervisors appropriately supervise, monitor and regulate
financial institutions and designated non-financial
businesses and professions (DNFBPs) for compliance with
AML/CFT requirements commensurate with their risks.
Low
4 Financial institutions and DNFBPs adequately apply
AML/CFT preventive measures commensurate with their
risks, and report suspicious transactions.
Moderate
Immediate outcome of an effective system to combat money
laundering (ML) and terrorist financing (TF)

3. Anti-money laundering and counter-terrorist financing measures in Samoa – Mutual Evaluation Report – September 2015
Ratings – Effectiveness (2/3)
3
Extent to which
Samoa has achieved
this objective
5 Legal persons and arrangements are prevented from
misuse for money laundering or terrorist financing, and
information on their beneficial ownership is available to
competent authorities without impediments.
Moderate
6 Financial intelligence and all other relevant information
are appropriately used by competent authorities for
money laundering and terrorist financing investigations.
Low
7 Money laundering offences and activities are investigated
and offenders are prosecuted and subject to effective,
proportionate and dissuasive sanctions.
Low
8 Proceeds and instrumentalities of crime are confiscated. Moderate
Immediate outcome of an effective system to combat money
laundering (ML) and terrorist financing (TF)

4. Anti-money laundering and counter-terrorist financing measures in Samoa – Mutual Evaluation Report – September 2015
Ratings – Effectiveness (3/3)
4
Extent to which
Samoa has achieved
this objective
9 Terrorist financing offences and activities are investigated
and persons who finance terrorism are prosecuted and
subject to effective, proportionate and dissuasive
sanctions.
Moderate
10 Terrorists, terrorist organisations and terrorist financiers
are prevented from raising, moving and using funds, and
from abusing the non-profit sector.
Moderate
11 Persons and entities involved in the proliferation of
weapons of mass destruction are prevented from raising,
moving and using funds, consistent with the relevant
United Nations Security Council Resolutions.
Low
Immediate outcome of an effective system to combat money
laundering (ML) and terrorist financing (TF)

5. Anti-money laundering and counter-terrorist financing measures in Samoa – Mutual Evaluation Report – September 2015
Ratings – Effectiveness
5
0 1
6
4 High
Substantial
Moderate
Low

6. Anti-money laundering and counter-terrorist financing measures in Samoa – Mutual Evaluation Report – September 2015
Ratings – technical compliance (1/5)
19-Oct-15
6
AML/CFT POLICIES AND COORDINATION
1. Assessing risks & applying a risk-based approach P P P P Partially compliant
2. National cooperation and coordination P P P P Partially compliant
MONEY LAUNDERING AND CONFISCATION
3. Money laundering offence P P P P Partially compliant
4. Confiscation and provisional measures LaLaLaLa Largely compliant
TERRORIST FINANCING AND FINANCING OF PROLIFERATION
5. Terrorist financing offence P P P P Partially compliant
6. Targeted financial sanctions related to terrorism & terrorist financing P P P P Partially compliant
7. Targeted financial sanctions related to proliferation NNNN Non compliant
8. Non-profit organisations P P P P Partially compliant

7. Anti-money laundering and counter-terrorist financing measures in Samoa – Mutual Evaluation Report – September 2015
Ratings – technical compliance (2/5)
19-Oct-15
7
PREVENTIVE MEASURES
9. Financial institution secrecy laws CCCC Compliant
Customer due diligence and record keeping
10. Customer due diligence P P P P Partially compliant
11. Record keeping CCCC Compliant
Additional measures for specific customers and activities
12. Politically exposed persons P P P P Partially compliant
13. Correspondent banking P P P P Partially compliant
14. Money or value transfer services CCCC Compliant
15. New technologies P P P P Partially compliant
16. Wire transfers P P P P Partially compliant

8. Anti-money laundering and counter-terrorist financing measures in Samoa – Mutual Evaluation Report – September 2015
Ratings – technical compliance (3/5)
19-Oct-15
8
PREVENTIVE MEASURES (continued)
Reliance, Controls and Financial Groups
17. Reliance on third parties P P P P Partially compliant
18. Internal controls and foreign branches and subsidiaries LaLaLaLa Largely compliant
19. Higher-risk countries NNNN Non compliant
Reporting of suspicious transactions
20. Reporting of suspicious transactions LaLaLaLa Largely compliant
21. Tipping-off and confidentiality CCCC Compliant
Designated non-financial Businesses and Professions (DNFBPs)
22. DNFBPs: Customer due diligence P P P P Partially compliant
23. DNFBPs: Other measures P P P P Partially compliant

9. Anti-money laundering and counter-terrorist financing measures in Samoa – Mutual Evaluation Report – September 2015
Ratings – technical compliance (4/5)
19-Oct-15
9
24. Transparency and beneficial ownership of legal persons P P P P Partially compliant
25. Transparency and beneficial ownership of legal arrangements P P P P Partially compliant
Regulation and Supervision
26. Regulation and supervision of financial institutions P P P P Partially compliant
27. Powers of supervisors P P P P Partially compliant
28. Regulation and supervision of DNFBPs P P P P Partially compliant
Operational and Law Enforcement
29. Financial intelligence units LaLaLaLa Largely compliant
30. Responsibilities of law enforcement and investigative authorities CCCC Compliant
31. Powers of law enforcement and investigative authorities LaLaLaLa Largely compliant
32. Cash couriers LaLaLaLa Largely compliant
TRANSPARENCY AND BENEFICIAL OWNERSHIP OF LEGAL PERSONS AND ARRANGEMENTS
POWERS AND RESPONSIBILITIES OF COMPETENT AUTHORITIES AND OTHER INSTITUTIONAL
MEASURES

10. Anti-money laundering and counter-terrorist financing measures in Samoa – Mutual Evaluation Report – September 2015
Ratings – technical compliance (5/5)
19-Oct-15
10
General Requirements
33. Statistics LaLaLaLa Largely compliant
34. Guidance and feedback P P P P Partially compliant
Sanctions
35. Sanctions P P P P Partially compliant
36. International instruments P P P P Partially compliant
37. Mutual legal assistance LaLaLaLa Largely compliant
38. Mutual legal assistance: freezing and confiscation LaLaLaLa Largely compliant
39. Extradition LaLaLaLa Largely compliant
40. Other forms of international cooperation LaLaLaLa Largely compliant
POWERS AND RESPONSIBILITIES OF COMPETENT AUTHORITIES AND OTHER INSTITUTIONAL
MEASURES (continued)
INTERNATIONAL COOPERATION

11. Anti-money laundering and counter-terrorist financing measures in Samoa – Mutual Evaluation Report – September 2015
Ratings – technical compliance
11
5
11
22
2
Compliant
Largely compliant
Partially compliant
Non compliant