(16)In February 2020, the FATF identified Nicaragua as a jurisdiction having strategic AML/CFT deficiencies for which Nicaragua has developed an action plan with the FATF. The Commission assessed the latest information received in this context from the FATF relating to these deficiencies and other relevant information. The deficiencies include: (1) lack of a comprehensive understanding of its money laundering/terrorist financing risk; (2) failure to proactively seek international cooperation to support money laundering investigation, especially with the aim of identifying and tracing assets with confiscation and repatriation purposes; (3) deficiencies with regard to conducting effective risk-based supervision; (4) lack of appropriate measures to prevent legal persons and arrangements from being misused for criminal purposes, and failure to ensure that accurate and up-to-date basic and beneficial ownership information is available on a timely basis. On this basis, Nicaragua should be considered as a country having strategic deficiencies in its AML/CFT regime under Article 9 of Directive (EU) 2015/849.