The Cook Islands Offshore Banking Commissioner, Mathilda Urhle, says an IMF team is continuing its assessment of the country's money laundering legislation.
She says the team's main focus is to look at the prudential supervision and regulation of the offshore banking sector, including offshore banks, trustee companies and offshore insurance companies.
Ms Urhle says there have already been a series of meetings with top level people as part of the team's ten day visit.
"At present, they've met with the deputy prime minister, the solicitor general and respective anti money laundering measures that we will increase and also they've met with various members of the private sector plus myself as the commissioner for offshore financial services."
Ms Urhle says the IMF team will produce a draft report that the country can then build on to strengthen its legislation and systems.
The Cook Islands is hoping to be removed from a Financial Action Task Force blacklist of non-co-operative countries over money laundering through meeting international requirements.