Transparency International has this device to illustrate the overall level of AML/CFT compliance worldwide.  Ratings reflect the extent to which a country’s measures to stop money laundering are considered effective by FATF.  The assessment is conducted on the basis of 11 Immediate Outcomes, which represent key goals that an effective AML/CFT system should achieve.  The Effective-O-Meter and effectiveness map draw on country effectiveness ratings these “immediate outcomes” available from FATF.  To date 43 countries have been assessed, and only 7 have scored above 50% (USA, Spain, Italy, Switzerland, Australia, Portugal and Sweden), but it points out that even these relative high-scorers are below the 70% mark.

Hence it is unsurprising that the global rating is currently set at just 32%.


Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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