The Report on the State of Effectiveness and Compliance with the FATFStandards
Tingting JIANG, Lizi ZHENG & Haoliang CHEN
Abstract: On April 19, 2022, FATF published The Report on the State of Effectiveness and Compliance with the FATF Standards. The report finds that in terms of laws and regulations,76% of countries have now satisfactorily implemented the FATF's 40 Recommendations.
However, many countries still face substantial challenges in taking effective actioncommensurate to the risks they face and need to make fundamental or major improvementsto their ML/TF systems in the next round of mutual evaluations.