ARTICLE · 24 MAY 2022

FATF Landmark Report - A Guernsey Perspective

Collas Crill

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On 20 April 2022, the Financial Action Task Force (FATF) published what it termed a landmark report on the state of effectiveness and compliance with the FATF standards.

GuernseyGovernment, Public Sector

Sandra Lawrence

Nin Ritchie

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This Report is gold dust and a glimpse at what the future may hold!

On 20 April 2022, the Financial Action Task Force (FATF) published what it termed a landmark report on the state of effectiveness and compliance with the FATF standards.

Its purpose: to provide an insight into its key findings from its fourth round of mutual evaluations, focusing on the effectiveness of countries' implementation of relevant AML/CFT/CPF laws and regulations.

In his opening remarks, current FATF President Marcus Pleyer said that '… across the Global Network and particularly regarding the effective implementation of laws, regulations and policies, all countries still need to make more tangible progress.'

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FATF Landmark Report - A Guernsey Perspective

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