The Global South Dialogue on Economic Crimes Network seeks to advance dialogue, research, and capacity on economic and financial crimes
Unexplained Wealth Webinar Programme
Programme, Biographies and Abstracts
By Segun Bakare
Determining salient factors that affect the compliance trajectory of countries is critical in facilitating their improved effectiveness and compliance with the FATF’s standards. This is achieved by examining secondary data generated by the relevant standard setting/assessment bodies. Data relied on include;
• Analysis of Mutual Evaluations conducted by the FATF and other Assessment Bodies under the 4th Round & Equivalents (Data for 30th April 2020, 99 jurisdictions). This document presents relevant data on the compliance and effectiveness levels attained by 99 countries regarding the FATF standards. Additionally, it presents findings on the effect of assessment body composition on compliance and effectiveness levels of countries.
• Global Performance on Technical Compliance and Effectiveness (GIABA).
• 99 Countries Evaluated: Performance on Technical Compliance & Performance on Immediate Outcomes (4th round ratings). This document examined the performance of 99 countries, specifically GIABA countries.
Data generated are read alongside the FATF’s Methodology for Assessing Technical Compliance with the FATF Recommendations and the Effectiveness of AML/CFT Systems and the Procedures for the FATF Fourth Round of AML/CFT Mutual Evaluations (Updated February 2019). Additionally, the Mutual Evaluation Report of countries are also studied to facilitate improved contextual understanding of the assigned ratings.