top of page
  • Deborah

The Report on the State of Effectiveness and Compliance with the FATF Standards, (the Report) published on April 19, 2022, provides a review of technical compliance with forty of the Financial Action Task Force (FATF) Recommendations and eleven ratings reflecting effectiveness.

This Report is organized into several chapters focused on eleven principle outcomes that stem from compliant and effective application of underlying recommendations.

Each chapter highlights the importance of the outcomes, provides an analysis of results, examples of how some countries are achieving high levels of effectiveness, and improvements that can be made.

The outcomes are:

  1. Assessment and understanding of risk, coordination and policy setting

  2. International co-operation to facilitate action against criminals and their assets

  3. Appropriate supervision

  4. Adequate application of preventative measures

  5. Beneficial ownership transparency

  6. Appropriate use of financial intelligence for investigations

  7. Investigation of money laundering activities and prosecution of offenders

  8. Confiscation of criminal proceeds

  9. Investigation of terrorist financing activities and prosecution of offenders

  10. Prevention of terrorist ability to raise, move and use funds

  11. Prevention of persons / entities involved in the proliferation of weapons of mass destruction from raising, moving and using funds

Recent Posts

See All

Information, Communication Technology (ICT) systems, generally includes all hardware, software, applications and systems that combined enable people and organizations to communicate digitally. ICT enc

25 January 2023 - Comments requested on Financial Conduct Authority (FCA) proposed Sustainability Disclosure Requirements (SDR) and investment labels. 6 February 2023 - Comment period closes for the u

Last November, 2022 the Bank for International Settlements (BIS) and the International Organization of Securities Commissions (IOSCO) published their Level 3 assessment of cyber resilience on 37 Finan

bottom of page