Assessments

In accordance with the World Bank and International Monetary Fund (IMF) Boards’ decision in 2001, an AML/CFT component was added to the Financial Sector Assessment Program (FSAP).  On behalf of the World Bank, we are responsible for delivering these AML/CFT assessments.  The assessments are diagnostics where flaws or gaps are identified within a client country’s AML/CFT framework and recommendations are made to improve its framework, including legal and institutional, supervisory and regulatory for the financial sector, and regulatory for other financial services providers. 

The AML/CFT assessment is undertaken using the most recent universal methodology used by all assessor bodies. The assessments provide a description of the client country’s AML/CFT regime; an analysis of its effectiveness and its compliance with the FATF 40+9 Recommendations; and a rating of the country’s situation against each of the FATF Recommendations.

FPDFI is also engaged in other assessment related efforts.  We are an active participant in assessors’ training events organized by the Financial Action Task Force (FATF) on money laundering and FATF-Style Regional Bodies (FSRBs).  We have also organized directly or jointly with the IMF several training events.  The purpose of these events is to help client countries who will be assessed on how to prepare for future assessments.  Such events increase the impact and benefit of an assessment.

Assessment materials
AMLCFT Assessment Reports