FATF reports on effectiveness and compliance with FATF standards

FATF has published a report based on data from mutual evaluation reports since 2013, which finds that overall countries have made huge progress. Many have enacted a range of laws and regulations, with 76% of countries having satisfactorily implemented the FATF’s 40 Recommendations.  However, there are still substantial challenges in countries’ ability to take effective action in line with the risks they face.

The next round of assessments will be more timely, risk-based and effective, and will have a results-orientated follow-up assessment process.

Emma Radmore