LESSONS LEARNED FROM THE FATF FOURTH ROUND OF MUTUAL EVALUATIONS

A Policy Brief from RUSI on 21 February examines the common challenges of the mutual evaluation process and provides recommendations for jurisdictions, the FATF and FATF-style regional bodies (FSRB) to improve the next round.  FATF is to conclude its Strategic Review, an exercise which analyses what can be learned from the latest, fourth round of mutual evaluations and considers what could be improved ahead of the fifth round, which is due to start in 2025.  Notably, on measuring effectiveness, the Policy Brief says that FATF and FSRB Secretariats and members of the international and donor community must continue to reinforce that understanding risk is a dynamic and ongoing process and should not rely solely on producing a national risk assessment; and FATF and FSRB should review the guidance on gathering data to demonstrate effectiveness and consider whether the steer that they provide to jurisdictions on what data to collect is sufficient.

https://static.rusi.org/317_PB_FATF_Mutual_Evaluation.pdf

Any modest contributions for my time and ongoing expenses are welcomed!  I have a page where you can do so, and where one-off contributions start as low as $3, at https://www.buymea3coffee.com/KoIvM842y

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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