The Financial Action Task Force (FATF) Mutual Evaluations

The FATF Mutual Evaluations are peer reviews on an ongoing basis of each FATF member to assess its compliance with and implementation of the FATF Recommendations. The FATF Recommendations are global standards against money laundering and terrorist financing, and include recommendations such as criminalising money laundering, application of targeted financial sanctions related to terrorism and terrorist financing, the monitoring financial secrecy laws, among numerous others.

The mutual evaluations analyse each FATF country’s capacity to prevent criminal abuse of the financial system. The reviewed country is then assigned a level of compliance to the recommendations as either compliant, largely compliant, partially compliant or non-compliant.  A mutual evaluation report provides an in-depth description and analysis of a country’s system for preventing criminal abuse of the financial system and focused recommendations for the country to strengthen its system further.

FATF Mutual Evaluations