fatf 4th round ratings excel

Samuel Bulgin K.C., Chairman of the Caribbean Financial Action Task Force (CFATF), attended the, CFATF 56th Plenary and Working Group Meetings Outcomes Photo from left to right: Members of, Press Release The Central Bank is today releasing an anti-money laundering (AML) compliance report prepared, CFATF MINISTERIAL SUB-COMMITTEE MEETS WITH FATF PRESIDENT At the October 2022 Council of Ministers meeting,, Fourth Round Mutual Evaluation Report of the Bolivarian Republic of Venezuela The CFATF Plenary held, Cayman Satisfies FATF Action Plan; Onsite Visit Authorised, Hon. CFATF Public Statement on Sint Maarten at L Plenary St. Johns, Antigua and Barbuda, November 27th,2019. To reflect the February 2018 amendments to the FATF Standards (R.2) which clarify the need for compatability of AML/CFT requirements and data protection and privacy rules and build on the conclusions of RTMGs report on inter-agency CT/CFT information sharing. The stages in this process are as follows: Assessor training. The FATF keeps an up-to-date table of technical compliance and effectiveness ratings for all jurisdictions assessed against the 2012 FATF Recommendations using the 2013 Assessment Methodology. CFATF Secretariat21st Floor, Nicholas Tower, 63-65 Independence Square, Port of Spain, Trinidad and TobagoTel: 1 (868) 623-9667/4888Fax: 1 (868) 624-1297Email: cfatf@cfatf.orghttps://www.cfatf-gafic.org, Having now fully satisfied the action plan given by the Financial Action Task Force (FATF),, Hon. Chapter 5 page 138, and Chapter 6 page 139. The CFATF jurisdictions that are included on this table areAntigua and Barbuda, The Bahamas,Barbados,Cayman Islands,Jamaica,Haiti andTrinidad and Tobago. What is the relationship of the CFATF with the Public Sector? Schedule for the fourth round; IV. Basel AML Index - Assessing money laundering risks around the world Adopted in 2013, these Procedures were last amended in February 2023. For this reason, specific questions regarding the applicability of a particular step or practice outlined within should be clarified with the CFATF Procedures, FATF ICRG Procedures and with the CFATF Secretariat. FATF Methodology for assessing compliance with the FATF Recommendations 09/03/2021 Albania Albania Andorra Andorra Andorra Andorra Antigua & Upload to Study. The assessed country must provide information on the laws, regulations and any other legal instruments it has in place to combat money laundering and the financing of terrorism and proliferation. The Financial Action Task Force (FATF) published an updated consolidated table of assessment ratings that reflect the extent to which a countrysAML/CFT measures have been implemented and the effectiveness of these measures. 24, 26, 27, 28, and 33. Addition of footnotes to clarify the expectations when assessing effectiveness under IO.3 and IO.4, taking into consideration the risk, context and materiality of the country being assessed. FATF Releases Updated Consolidated Table of Ratings CZN-/)Q&Kuq} lty*^MGmwUi9tzhAhfM5ILq1 dU3mhdr&4/>A,F#&$- "{Usx|)z6Yt5|iW5|>g%r5S3&P8,k_K 0e B)A_z~O3`3P^[bzQS8&X]G]g}9:sMIsNuBk}86MKg+i]E6zmcz=U^b(ATf0wPzf(]%T-U}}0,-{xU /ogkcob9{uoox which were drafted based on the Universal Procedures for FATF/FSRBs (Universal Procedures), were approved by the CFATF May 2014 Plenary. PDF Consolidated Processes and Procedures for Mutual Evaluations and Follow-Up These should be read in conjunction with the detailed mutual evaluation reports, which are available on this website. Immediate Outcomes 1, 2, 3, 4, 6, 7, 8, 9, 10 and 11 pages 97, 102, 105-108, 109-112, 116, 119, 122, 124, 126-127, and 129-130. 2021 Procedures for the FATF Fourth Round of AML/CFT Mutual Evaluations (updated September 2022) Appendix 3 - Questionnaire for Technical Compliance Update Annex 1 to the questionnaire for technical compliance update: size and structure of the financial and DNFBP sectors Previous Version date: 7 October 2022 - onwards Version 8 of 8 Recommendation 15, Note to assessors and criteria 15.3 15.11 pages 54-57 Produced by the Basel Institute on Governance since 2012, it provides holistic money laundering and terrorist financing (ML/TF) risk scores based on data from 18 publicly available sources such as the Financial Action Task Force (FATF) , Transparency International, the World Bank and the World Economic Forum . The Financial Action Task Force's (FATF) 4th Round Mutual Evaluation Report (MER) on Hong Kong's AML/CFT regime represents an important milestone for our professional community and serves. Procedures for the Fourth Round of AML/CFT Mutual Evaluations This Article focuses on the potential impact on the legal profession of FATF's fourth round of mutual evaluations. Introduction paragraphs 21, 22, 24 and diagram at paragraph 44 pages 9, 10 and 18 In addition, the evaluation reviewed aspects of compliance with the European Union's 3rd AML/CFT Directive, which came into force on 15 December 2007. 0 CFATF ICRG PROCEDURES FOR THE 4th ROUND OF AML/CFT EVALUATIONS Created: 03 September 2019. Consolidated table of assessment ratings - pdf format, An effective system to combat money laundering and terrorist financing. The FATF identifies jurisdictions with weak measures to combat money laundering and terrorist financing (AML/CFT) in two FATF public documents that are issued three times a year. All rights reserved. Since the approval of the CFATF Procedures, there have been several amendments to ensure and reflect consistency with the Universal Procedures. Addition of reference to R.15, or elements of R.15, as being related to the outcome and reference to VASPs as needed. Find out about the world, a region, or a country, * membership suspended on 24 February 2023, High-Risk and Other Monitored Jurisdictions, Browse our publications, including reports, guidance and statements. The full consolidated table of assessment ratings can be viewed on the FATF's website. Mutual Evaluation Reports; Typologies Reports; Schedule for the fourth round 5. Immediate Outcomes 3 and 4 pages 105 - 112 3.1.1. This table provides an up-to-date overview of the ratings that assessed countries obtained for effectiveness and technical compliance (last updated on 22 June 2023). This date could be subject to change. Adopted in 2013, these Procedures were last amended in February 2023. 1.onfirm . 09/03/2021 Updated 9 March 2021 Technical Compliance FATF Methodology FATF Recommendations Jurisdiction . Adopted in 2013, these Procedures were last amended in February 2023. The FATF keeps an up-to-date table of technical compliance and effectiveness ratings for all jurisdictions assessed against the 2012 FATF Recommendations using the 2013 Assessment Methodology. Addition of footnote on the terminology of different types of ML activity to IO.7. ^e _rels/.rels ( MK1!;*"l/EMd1`7FAtzwyfx{vE fVKrFH"l3*>.%uGV=\i8XrZJ%\P4H;s>67Mizo#+DYB5V$~"c'ZkRRF%8EsF|02Xn/1=cW7 PK ! Sub-WGFI: Sub Working Group on FATF Issues. Restricted access for FATF delegates only, Terms & conditions | Privacy Policy |Sitemap, Asia/Pacific Group on Money Laundering (APG), Caribbean Financial Action Task Force (CFATF), Eastern and Southern Africa Anti-Money Laundering Group (ESAAMLG), Financial Action Task Force of Latin America (GAFILAT), Inter Governmental Action Group against Money Laundering in West Africa (GIABA), Middle East and North Africa Financial Action Task Force (MENAFATF), Committee of Experts on the Evaluation of Anti-Money Laundering Measures (MONEYVAL), High-Risk Jurisdictions subject to a Call for Action - June 2023, Jurisdictions under Increased Monitoring - 23 June 2023, FATF Guidance on Beneficial Ownership Recommendation 24 - Public Consultation, Revision of R25 and its Interpretive Note Public Consultation, Risk-Based Approach Guidance for the Real Estate Sector - summary of the FATF public consultation, FATF Methodology for assessing compliance with the FATF Recommendations and the effectiveness of AML/CFT systems, High-risk and other monitored jurisdictions. Restricted access for FATF delegates only, Terms & conditions | Privacy Policy |Sitemap. FATF and FSRBs conduct peer reviews on an ongoing basis to assess how effectively their respective members' AML/CFT measures work in practice, and how well they have implemented the technical requirements of the FATF Recommendations. MONEYVAL's 4th round follow-up process broadly follows the practices and procedures used by the FATF in its 3rd round of assessments. Procedures for the FATF Fourth Round of AML/CFT Mutual Evaluations . ii/nG|$}.l!3M7alF;@ttG VhHsWwGw46]7kV[s+k@a;Ct>`x77zluT5vR]~ vGaH cGCgqoow.{= 2*$h.Obef2Q$\7RBA!M (.%~>H| P)?^8$6w4c=ixh6ICE Procedures for the FATF Fourth Round of AML/CFT Mutual Evaluations Consolidated Processes and Procedures for Mutual Evaluations and Follow-Up (Universal Procedures) Stages in the mutual evaluation process A complete mutual evaluation takes up to 18 months. This table provides an up-to-date overview of the ratings that assessed countries obtained for effectiveness and technical compliance (TC) and contains ratings for 81 jurisdictions. 4th-Round-Ratings FATF.pdf - 09/03/2021 Albania Albania Effectiveness Technical Compliance Ratings that reflect the extent to which a country's measures are effective. Fatf: Consolidated Aml/Cft Assessment Ratings The FATF has started its fourth round of mutual evaluations with the assessments of Australia, Belgium, Norway and Spain. During these mutual evaluations, which currently are underway . PDF Procedures for the FATF Fourth Round of AML/CFT Mutual Evaluations 952 0 obj <>stream The schedule of mutual evaluations for the fourth round, and the number of evaluations to be prepared each year is primarily governed by the number of MERs that can be discussed at each Plenary meeting, and by the need to complete the entire round in a reasonable timeframe. FATF: CONSOLIDATED AML/CFT ASSESSMENT RATINGS On 4 June, FATF issued an updated consolidated schedule of countries' AML/CFT ratings to date, following the publication of follow-up reports on Bhutan and Pakistan. Through its 9 FATF-Style Regional Bodies, FATF's Global Network brings together over 200 jurisdictions around the world that have commited to the FATF Recommendations. [Content_Types].xml ( n0EE'mE6@R[Z[gA(H{3:[CB|#.AjBR^+<4b(_vRbSX{!9EV2vV /+OiB>Rm,U_yO0^TzFi1IX.M:5Jc@1vL@G=XfU33v&}HFCu}Sc[+^O]DS?rQbd>,92?$ 7;@gjtg8H-xdnN,z YiM A complete mutual evaluation takes up to 18 months. procedures for the fatf fourth round of - vdocuments.net 1. 935 0 obj <>/Filter/FlateDecode/ID[<1888E72A3D7C004CB32230ECA19CC08B>]/Index[920 33]/Info 919 0 R/Length 78/Prev 784488/Root 921 0 R/Size 953/Type/XRef/W[1 2 1]>>stream What is the objective of anti-money laundering, counter terrorist and counter proliferation financing efforts? To add a footnote about how tax confiscation figures should be taken into account for the assessment of effectiveness under IO.8 (core issue 8.2). ( 0 xl/workbook.xmlXmOH~_U;*@RZ Yh&uH Procedures for the FATF Fourth Round of AML/CFT Mutual Evaluations This document sets out the procedures that are the basis for the fourth round of mutual evaluations which involves two inter-related components for technical compliance and effectiveness. Restricted access for FATF delegates only, Terms & conditions | Privacy Policy |Sitemap, Asia/Pacific Group on Money Laundering (APG), Caribbean Financial Action Task Force (CFATF), Eastern and Southern Africa Anti-Money Laundering Group (ESAAMLG), Financial Action Task Force of Latin America (GAFILAT), Inter Governmental Action Group against Money Laundering in West Africa (GIABA), Middle East and North Africa Financial Action Task Force (MENAFATF), Committee of Experts on the Evaluation of Anti-Money Laundering Measures (MONEYVAL), High-Risk Jurisdictions subject to a Call for Action - June 2023, Jurisdictions under Increased Monitoring - 23 June 2023, FATF Guidance on Beneficial Ownership Recommendation 24 - Public Consultation, Revision of R25 and its Interpretive Note Public Consultation, Risk-Based Approach Guidance for the Real Estate Sector - summary of the FATF public consultation, FATF Methodology for assessing compliance with the FATF Recommendations and the effectiveness of AML/CFT systems, High-risk and other monitored jurisdictions, Consolidated Processes and Procedures for Mutual Evaluations and Follow-Up Universal Procedures. Assessments focus on two areas, effectiveness and technical compliance. FATF: CONSOLIDATED AML/CFT ASSESSMENT RATINGS On 31 January, following the addition of updates in respect of Cuba and Colombia, FATF issued an updated of all AML/CFT assessment ratings to date. The FATF conducts peer reviews of each member on an ongoing basis to assess levels of implementation of the FATF Recommendations, providing an in-depth description and analysis of each countrys system for preventing criminal abuse of the financial system, Asia/Pacific Group on Money Laundering (APG), Caribbean Financial Action Task Force (CFATF), Eastern and Southern Africa Anti-Money Laundering Group (ESAAMLG), Financial Action Task Force of Latin America (GAFILAT), Inter Governmental Action Group against Money Laundering in West Africa (GIABA), Middle East and North Africa Financial Action Task Force (MENAFATF), Committee of Experts on the Evaluation of Anti-Money Laundering Measures (MONEYVAL), High-Risk Jurisdictions subject to a Call for Action - June 2023, Jurisdictions under Increased Monitoring - 23 June 2023, FATF Guidance on Beneficial Ownership Recommendation 24 - Public Consultation, Revision of R25 and its Interpretive Note Public Consultation, Risk-Based Approach Guidance for the Real Estate Sector - summary of the FATF public consultation, FATF Methodology for assessing compliance with the FATF Recommendations and the effectiveness of AML/CFT systems, High-risk and other monitored jurisdictions. To add a footnote clarifying the terminology of different types of ML activity as referred to in the Methodology for IO.7 (core issue 7.3). The assessment is conducted on the basis of 11 immediate outcomes, which represent key goals that an effective AML/CFT system should achieve. Procedures for the FATF Fourth Round of AML/CFT Mutual Evaluations. In the fourth round, all FATF member countries will be examined to . Consolidated assessment ratings - Financial Action Task Force FATF and FSRBs conduct peer reviews on an ongoing basis to assess how effectively their respective members' AML/CFT measures work in practice, and how well they have implemented the technical requirements of the FATF Recommendations. On effectiveness, the Methodology documents say "It seeks to . $2p8G'F9pEWy? This document sets out the procedures that are the basis for the fourth round of mutual evaluations which involves two inter-related components for technical compliance and effectiveness. During a mutual evaluation, the assessed country must demonstrate that it has an effective framework to protect the financial system from abuse. f]@ + xl/_rels/workbook.xml.rels ( Mk0$mnez:$`grh(^!d,=_? bc`q tnFW}_,@ X ZIMQ{tNiB[N'YO(o MjB0{(\c6ebMWZdj]Qi+ p@%Cf:jNocOXHsI!vV>}4q4NMx/*kix'9S34g36./VCUn!'(aN\,O PK ! The FATF Recommendations are the basis on which all countries should meet the shared objective of tackling money laundering, terrorist financing and the financing of proliferation. . Outcome 4 pages 103-104 The table was updated on September 3rd, 2019 by the inclusion of the MER on Greece. Restricted access for FATF delegates only, Terms & conditions | Privacy Policy |Sitemap. The assessment is Ratings which reflect the extent to which a country has implemented The Financial Action Task Force (FATF) is an independent inter-governmental body that develops and promotes policies to protect the global financial system against money laundering, terrorist financing and the financing of proliferation of weapons of mass destruction. What is the objective of anti-money laundering, counter terrorist and counter proliferation financing efforts? This is the focus of an on-site visit by a team of experts to the assessed country. These procedures were last revised in September 2022. FATF Consolidated Assessment Ratings - Asia/Pacific Group on Money Addition of footnote to clarify that R.17 does not apply to third party outsourcing and agency relationships, as noted in INR.17. The CFATF jurisdictions that are included on this table areAntigua and Barbuda, The Bahamas,Barbados,Cayman Islands,Jamaica,Haiti andTrinidad and Tobago. The mutual evaluation report is without prejudice to the status or justification that led to the designation of an entity as a terrorist or terrorist group or organisation. Expert Help. Through its nine FATF-Style Regional Bodies (FSRBs), the FATF brings together a global network of 205 jurisdictions that have each committed at the highest political level, to implementing the FATF Recommendations. The table was updated on September 3rd, 2019 by the inclusion of the MER on Greece. The set of core elements that apply to all anti-money laundering and counter-terrorist financing assessments, in accordance with the FATF 2013 Methodology. Asia/Pacific Group on Money Laundering (APG), Caribbean Financial Action Task Force (CFATF), Eastern and Southern Africa Anti-Money Laundering Group (ESAAMLG), Financial Action Task Force of Latin America (GAFILAT), Inter Governmental Action Group against Money Laundering in West Africa (GIABA), Middle East and North Africa Financial Action Task Force (MENAFATF), Committee of Experts on the Evaluation of Anti-Money Laundering Measures (MONEYVAL), High-Risk Jurisdictions subject to a Call for Action - June 2023, Jurisdictions under Increased Monitoring - 23 June 2023, FATF Guidance on Beneficial Ownership Recommendation 24 - Public Consultation, Revision of R25 and its Interpretive Note Public Consultation, Risk-Based Approach Guidance for the Real Estate Sector - summary of the FATF public consultation, FATF Methodology for assessing compliance with the FATF Recommendations and the effectiveness of AML/CFT systems, High-risk and other monitored jurisdictions, Methodology for assessing technical compliance with the FATF Recommendations and the effectiveness of AML/CFT systems, Procedures for the FATF Fourth Round of AML/CFT Mutual Evaluations, Consolidated Processes and Procedures for Mutual Evaluations and Follow-Up (Universal Procedures), an effective system to combat money laundering and terrorist financing. The Methodology was adopted on 22 February 2013, and regularly updated; (see also 'Information on updates made to the FATF Methodology'). What is involved in a mutual evaluation? %%EOF &)3y V,z.2%m_2$G*eeOGq8+MY 'U29).g\1r5cg(#R "I2s\3 ~5!']S)))!aPQ()`s~-SxhJTNZVhyzc"7uM!S|O W#*k%z*?-Mj5\@y;J3W4pL2|3sKe)a86|3`dT sJQ >0)g_%ka34Ez TK'QxGDkY|9Z3* `tIc qPO }'P\tt$Lq-W The "CFATF Procedures for the Fourth Round of AML/CFT Mutual Evaluations" (CFATF Procedures) which were drafted based on the Universal Procedures for FATF/FSRBs (Universal Procedures), were approved by the CFATF May 2014 Plenary. On 31 May, FATF issued an updated version of this schedule. Introduction paragraph 15 page 8 To align the methodology for R.5 and IO.9 with the revised Interpretive Note to Recommendation 5 relating to UNSCR 2178. Mutual Evaluations - Financial Action Task Force (FATF) An up-to-date overview of the ratings on both effectiveness and technical compliance for all countries assessed against the 2012 FATF Recommendations and using the 2013 Assessment Methodology. The assessment table includes ratings on all countries evaluated under the 2013 methodology. The assessment of technical compliance is also an important part of a mutual evaluation. %PDF-1.7 % Can the AML system be evaluated without better data? Caribbean Financial Action Task Force (CFATF). Adopted in 2013, these Procedures were last amended in February 2023. Procedures). PDF Biases in national aml assessments 30 September 2021 - Central Bank of JP.,Attorney General, The Cayman Islands, Home | Contact us | Sitemap | Terms and Conditions |. Find out about the world, a region, or a country, * membership suspended on 24 February 2023, High-Risk and Other Monitored Jurisdictions, Browse our publications, including reports, guidance and statements. A simple explanation of the various stages and parties involved in the assessment of the effectiveness of a country's measures to combat money laundering and the financing of terrorism and proliferation. The More than two hundred countriesin the world have agreed to abide by the anti-money laundering ("AML") recommendations developed by the Financial Action Task Force ("FATF"), which is an intergovernmental organization. Joint mutual evaluations with FSRBs; VIII. Financial Action Task Force on Money Laundering, Annual Forum on Technical Assistance and Training, table of technical compliance and effectiveness ratings, ISIL (Da'esh) and Al-Qaida Sanctions List - maintained by the UNSCR 2253/1267/1989 Committee, Taliban Sanctions List - maintained by the UNSCR 1988 Committee, DPRK Sanctions List - maintained by the UNSCR 1718 Committee, Iran Sanctions List (UN listings from UNSCR 1737 following Implementation Day pursuant to SC2231), Consolidated United Nations Security Council Sanctions List. The reports are peer reviews, where members from different countries assess another country. Indicators 18 Domains 5 The reports on Belgium and Australia will follow in February 2015. https://www.fatf-gafi.org/media/fatf/documents/4th-Round-Ratings.pdf To amend footnote 55 to the methodology for R.25 to provide guidance on how to identify other legal arrangements that fall within the scope of R.25 and IO.5 because of characteristics and features which are similar to express trusts and could be particularly vulnerable from a ML/TF perspective, and to ensure a consistent approach across mutual evaluations. Ratings which reflect the extent to which a country has implemented What is the relationship of the CFATF with the Private Sector? Since the approval of the CFATF Procedures, there have been several amendments to ensure and reflect consistency with the Universal Procedures. hbbd``b`f~ 2$dM@E p+P$L D ) + FATF Releases Updated Consolidated Table of Ratings Caribbean Financial Action Task Force is an organisation of states and territories of the Caribbean basin which have agreed to implement common counter-measures against money laundering and terrorism financing. 4th Round Ratings | PDF | Money Laundering | Financial Regulation - Scribd "The Relevance of FATF's Recommendations and Fourth Round of Mutual The Bahamas - cfatf-gafic.org https://www.fatf-gafi.org/media/fatf/documents/4th-Round-Ratings.pdf Share this: Loading. out in Appendix 1 of the FATF . FATF Releases Updated Consolidated Table of Ratings The page you are looking for has been removed or is temporarily unavailable. IMF or World Bank led assessments of FATF members; IX. To amend R.18 and R.21 to reflect the November 2017 amendments to the FATF Standards (INR.18 and R.21) which clarified the requirements on sharing of information related to unusual or suspicious transactions within financial groups, and the interaction of these requirements with tipping-off provisions. This paper investigates empirically identifiable biases in the two leading global jurisdictional AML risk assessments: the Financial Action Task Force (FATF) mutual evaluation reports (MERs2), and the U.S. State Department's International Narcotics Control Strategy Report, Part II (INCSR II3).
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