In a landmark development for Haiti’s financial governance, the government has formally presented its National Risk Assessment Report on Money Laundering and Terrorist Financing after an extensive 18-month collaborative effort. The comprehensive evaluation was unveiled this week at the Montana Hotel through a joint initiative led by the Ministry of Economy and Finance (MEF), the Bank of the Republic of Haiti (BRH), and the Ministry of Justice and Public Security (MJSP).
The assessment process employed a participatory methodology that engaged over 35 multidisciplinary professionals spanning both public and private sectors, with technical guidance provided by the World Bank. This inclusive approach ensured a thorough examination of Haiti’s financial vulnerabilities and institutional capabilities.
Serge Gabriel Collin, Haiti’s newly appointed Minister of Economy and Finance, emphasized that this assessment represents a critical milestone in fortifying the nation’s financial system integrity. The report identifies multiple systemic threats including organized criminal networks, arms trafficking operations, ransom kidnappings, corruption schemes, smuggling activities, and narcotics trafficking. These criminal enterprises exert continuous pressure on Haitian institutions and present substantial barriers to achieving socio-political stability, national security, and sustainable economic development.
Minister Collin outlined that effective implementation of the report’s recommendations requires comprehensive adoption by both public and private entities. Organizations must integrate these guidelines into their operational frameworks and enhance internal compliance mechanisms to properly align resources, controls, and procedures with identified risk exposures.
The ultimate objective of this initiative is twofold: to facilitate Haiti’s removal from the Financial Action Task Force’s (FATF) increased monitoring list (grey list) and to prevent potential designation as a non-cooperative jurisdiction (blacklist). Success in these efforts would significantly contribute to stabilizing the country’s financial sector, creating conditions favorable for economic revitalization, and accelerating social welfare and protection programs essential for national recovery.