AML PERFORMANCE METRICS REMAIN WEAK – UNABLE TO MEASURE PERFORMANCE
October 22nd, 2022
How effective is the ongoing fight against money launderers and terrorist financers? AML experts are arguing that despite FATF’s increasing focus on effectiveness in mutual evaluation reports and its extensive data on jurisdictional compliance with its recommendations, more statistical indicators would be valuable. (1)
National Risk Assessments (NRAs) were supposed to help provide some guidance on the risk-based approach for AML/CFT, but the World Bank has been underwhelmed by their value. Earlier this year (2022), it released a report, National Assessments of ...
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