Procedures for the FATF Fourth Round of AML/CFT Mutual Evaluations

Published: June 2018

This document sets out the procedures that are the basis for the fourth round of Financial Action Task Force (FATF) mutual evaluations.

The evaluations involve two inter-related components for technical compliance and effectiveness.

The technical compliance component will assess 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 will assess whether the AML/CFT systems are working, and the extent to which the country is achieving the defined set of outcomes.