United States' progress in strengthening measures to tackle money laundering and terrorist financing

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English

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FUR USA 2020 Cover.indd

Follow Up Report United States - March 2020

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Follow-Up-Report-United-States-March-2020.pdf
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2 MB
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United States' progress in strengthening measures to tackle money laundering and terrorist financing

Paris, 31 March 2020 - Since the 2016 assessment of the United States' measures to tackle money laundering and terrorist financing, the country has taken a number of actions to strengthen its framework.

The United States has been in an enhanced follow-up process following the adoption of its Mutual Evaluation of the United States - 2016

To reflect the United States' progress, the FATF has re-rated the country on the following Recommendation:

• Recommendation 10 (Customer Due Diligence) - from Partially Compliant to Largely Compliant

The Follow Up Report United States - March 2020

The United States is now compliant on 9 of the 40 Recommendations and largely compliant on 22 of them. It remains partially compliant on 5 of the 40 Recommendations and not compliant on 4 of them. The United States remains in enhanced follow-up and will report back to the FATF on progress to strengthen its implementation of Anti-Money Laundering / Countering the Financing of Terrorism measures.