FATF Consolidated assessment ratings

FATF has just released its most current consolidated ratings of the effectiveness and technical compliance of 151 countries' AML and CTF regimes

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.

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.

This table provides an up-to-date overview of the ratings that assessed countries obtained for effectiveness and technical compliance (last updated on 20 July 2023).

The table should be read with the detailed mutual evaluation reports on the FATF website.

• Consolidated ratings - xlsx format
  • https://www.fatf-gafi.org/content/dam/fatf-gafi/Global-Network/4th-Round-Ratings.xlsx.coredownload.inline.xlsx

• Consolidated table of assessment ratings - pdf format
  • https://www.fatf-gafi.org/content/dam/fatf-gafi/Global-Network/4th-Round-Ratings.pdf.coredownload.pdf

B.O. data –

If you look at the effectiveness rating for

• Beneficial ownership (Immediate Outcome 5) and
• The technical compliance ratings for transparency and beneficial ownership of legal persons and legal arrangements (R24 and R25, respectively).

Twenty-one countries score

• "Low Effectiveness" for IO5 (apparently "Ineffective" is not an option) and
  • Are either Non-Compliant (N.C.) or
  • Partially Compliant (P.C.) in one or both of recommendation 24 and/or 25.

Bad actors

• Angola, Haiti, Palau, Venezuela, China, Canada, and the United States are seven of the twenty-one countries in this illustrious club.

73 of the 151 countries that have been evaluated score "Low" for the effectiveness of their beneficial ownership information regimes.

• None - zero - are Highly Effective, and
• Only four are Substantially Effective

Those four are

• Russia, the Cook Islands, Vatican City, and Poland.

Also, five countries are Non-Compliant with the three recommendations (22, 23, and 28) on Designated Non-Financial Businesses or Persons (DNFBPs), or what the U.S. refers to as gatekeepers or enablers:

• Lawyers, accountants, and company formation agents.

The x5 is made up of

• three members of the "beneficial ownership" club –
  • China,
  • Haiti, and
  • the United States –
• as well as Australia and Madagascar.

SOURCE

https://www.fatf-gafi.org/en/publications/Mutualevaluations/Assessment-ratings.html