Our priorities
- Mutual peer evaluations
- FATF Methodology
- Technical compliance with the 40 Recommendations
- Effectiveness of national frameworks
- Published mutual evaluation reports
- Regular follow-up and enhanced follow-up
- Action plans for Member States
Assessing to strengthen national frameworks
Mutual evaluation is at the heart of GIABA’s mandate. As a FATF-Style Regional Body (FSRB), GIABA uses a peer review process to examine the level of technical compliance and the effectiveness of its Member States’ frameworks for combating money laundering, terrorist financing and proliferation financing (AML/CFT/CPF).
Each evaluation results in a mutual evaluation report that identifies the strengths and weaknesses of the national framework and sets out priority actions. GIABA then carries out regular or enhanced follow-up of the progress made, so that the recommendations translate into concrete results.
Our evaluation and follow-up activities
Mutual evaluations of Member States
Technical compliance with the FATF Recommendations
Assessment of the effectiveness of national frameworks
Regular follow-up and enhanced follow-up
Re-rating of technical compliance
Training of assessors and assessed countries
A question about the mutual evaluation process?
The mutual evaluation cycle
GIABA conducts its evaluations in its 17 Member States according to a schedule adopted by its Plenary. Each evaluation involves a team of assessors from Member States and experts from the Secretariat, working closely with the authorities of the assessed country.
Preparation
On-site visit
Adoption by the Plenary
Follow-up
Expertise
Our assessment teams bring together legal, financial and law enforcement experts trained in the FATF Methodology. This combined expertise ensures evaluations that are objective, consistent and recognised across the FATF Global Network.
A regional mission
Develop, assess, understand, support, engage and cooperate: six complementary functions serving the financial integrity of West Africa.