ARTICLE · 17 JUNE 2024

Regulatory Insights - May 2024

KPMG in Cyprus

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On 7 May 2024, the Financial Action Task Force (FATF) issued an updated report on the effectiveness and technical compliance ratings of countries assessed against the 2012 FATF Recommendations...

CyprusWealth Management

Eleni Neocleous

Marie-Hélène Angelides

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Anti-Money Laundering

FATF consolidated assessment ratings

On 7 May 2024, the Financial Action Task Force (FATF) issued an updated report on the effectiveness and technical compliance ratings of countries assessed against the 2012 FATF Recommendations and the 2013 Assessment Methodology. This report, presented in tabular form, outlines the performance of countries in implementing Αnti-Μoney Laundering and CounterFinancing of Terrorism (AML/CFT) measures. It offers stakeholders the latest insights into global efforts against financial crimes, serving as a vital tool for policymakers and regulators. Alongside the table, detailed Mutual Evaluation Reports provide in-depth analysis and context, aiding in understanding and guiding future actions in the AML/CFT domain.

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