International Groups in Money Laundering

The Asia Pacific Group on Money Laundering (APG) includes countries from the Pacific as well as Canada and Pakistan.

The FATF group members are all located in Europe.

The MoneyVal group consists mainly of countries in Europe and a few countries from the Middle East.

The MENA group includes members from Europe and the Middle East.

Mutual evaluations have three main components: effectiveness, technical compliance, and risk assessment.

The assessment team will need evidence that the assessed country's measures are working and producing the right results.

Assessing technical compliance is an important part of a mutual evaluation.

The frequency of assessments by the Financial Action Task Force is always the same for all countries.

Being placed on a gray or black list by the FATF can result in economic damage to a country.

The gray list identifies countries that are not working to address strategic shortcomings in their regimes against financial economic crime.

The FATF calls for all members to apply increased due diligence to blacklisted countries, but not to gray-listed countries.

Once a country is removed from the gray or black list, the FATF no longer monitors their progress in implementing the action plan.