Mutual evaluation
Definition
A peer review of a country's AML and CTF system by a team of experts from other FATF members, assessing both technical legal compliance and the effectiveness of implementation across eleven immediate outcomes.
Related terms
- 40 Recommendations
- FATF's core normative standards, covering customer due diligence, suspicious transaction reporting, beneficial ownership, targeted financial sanctions, and international cooperation. Last substantially revised...
- Designated Non-Financial Businesses and Professions (DNFBPs)
- Non-bank sectors required under FATF standards to apply AML controls, including real estate agents, lawyers, accountants, trust and company service providers, and...
- Egmont Group
- An international network of 166 financial intelligence units (FIUs) that share financial intelligence through a secure system. FIUs are the operational channel...
- FATF
- The Financial Action Task Force, an intergovernmental body founded in 1989 by the G7 that sets global standards for anti-money laundering and...
- Grey list
- The FATF Jurisdictions Under Increased Monitoring list, identifying countries with strategic deficiencies that have committed to a remediation action plan. Inclusion increases...
Explained in
- The FATF Framework and Global AML StandardsA peer review of a country's AML and CTF system by a team of experts from other FATF members, assessing both technical legal compliance and the effectiveness o...