ASSESSMENT OF THE EFFECTIVENESS OF THE AML / CFT SYSTEM OF THE COUNTRY

Abstract

Assessing the effectiveness of a country's AML / CFT system is just as important as assessing technical compliance with the FATF Standards. Performance Evaluation Objectives: (a) strengthen the FATF's results orientation; (b) determine the extent to which the national AML / CFT system is achieving the objectives of the FATF Standards, and identify weaknesses in the system; (c) enable countries to prioritize actions to improve their system. For the purposes of this Methodology, effectiveness is formulated as “The degree to which the designated results are achieved”