> Mutual Evaluation and Follow-up

Mutual Evaluation and Follow-up

GIABA assesses the technical compliance and effectiveness of its Member States’ AML/CFT/CPF frameworks against the FATF Standards, then monitors the implementation of the recommended actions.
Our priorities
What we do

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.

Areas of work

Our evaluation and follow-up activities

A rigorous process, based on the FATF Methodology, to measure the compliance and effectiveness of AML/CFT/CPF frameworks.

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?

Our approach

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
Technical compliance and effectiveness questionnaires
On-site visit
Interviews with the authorities, the private sector and key stakeholders
Adoption by the Plenary
Discussion and adoption of the mutual evaluation report
Follow-up
Follow-up reports and implementation of recommended actions
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.

Our functions

A regional mission

Develop, assess, understand, support, engage and cooperate: six complementary functions serving the financial integrity of West Africa.

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