On 19 February, FATF published the updated guidance, as updated to January, and the scope of the evaluations involve 2 inter-related components for technical compliance and effectiveness. Thetechnical compliance component assesses whether the necessary laws, regulations or other required measures are in force and effect, and whether the supporting AML/CFT institutional framework is in place. The effectiveness component assesses whether the AML/CFT systems are working, and the extent to which the country is achieving the defined set of outcomes.
CONSOLIDATED PROCESSES AND PROCEDURES FOR MUTUAL EVALUATIONS AND FOLLOW-UP
This publication, also updated to January, set out the core elements that form the basis for all evaluations, and are based on the Procedures for the FATF 4th Round of AML/CFT evaluations.
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