Handbook for Countries and Assessors - AML/CFT Evaluations and Assessments

Handbook for Countries and Assessors - AML/CFT Evaluations and Assessments

Handbook for assessors

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This handbook is intended to the assist assessment teams and the examined countries that are participating in an Anti-Money Laundering/Combating Terrorist Financing (AML/CFT) mutual evaluation carried out by the FATF or an FATF style regional body (FSRB), or taking part in an IMF/World Bank assessment. It provides both procedural information and detailed instructions for performing a proper and fair evaluation/assessment.

The FATF has already issued a key instrument to guide the assessment of a country’s compliance with the international AML/CFT standards, the Anti-Money Laundering/Combating Terrorist Financing Methodology 2004 which was adopted by the FATF in February 2004 and endorsed by the Executive Boards of the IMF and the World Bank in March 2004. The Methodology was amended by the FATF in February 2005 to bring it into line with the amended FATF Recommendations. The Methodology 2004 as amended from time to time (henceforth referred to as the "2004 Methodology"), which reflects the principles set out in the FATF Forty Recommendations 2003 and the FATF Nine Special Recommendations on Terrorist Financing 2001, provides a detailed description of what is necessary for an AML/CFT system.

The 2004 Methodology and the common documents are intended to be used by a number of different organisations, bodies and assessors and across a very significant number of countries. This handbook sets out instructions to assist individual assessors and examined countries on both substantive and procedural issues. It is also intended to help produce high standard reports and ensure a level playing field, i.e. the production of objective and consistent reports and summaries. Assessors will still have to exercise their judgement in determining whether a particular measure adopted by a country satisfies the criteria against which it is being assessed.

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