Follow-up report to the Mutual Evaluation of Canada
In February 2014, the FATF recognised that Canada had made significant progress in addressing the deficiencies identified in the 2008 mutual evaluation report and could be removed from the regular follow-up process. The decision by the FATF to remove a country from the regular follow-up process is based on procedures agreed in October 2009.
Canada was placed in the regular follow-up process as a result of non-compliant (NC) and partially compliant (PC) ratings for certain core and key Recommendations in its mutual evaluation report of February 2008.
The February 2014 follow-up report contains a detailed description and analysis of the actions taken by Canada to remove the deficiencies identified in respect of the core and key Recommendations rated PC or NC in the 2008 mutual evaluation report.
Key measures that have been taken include: