The Mutual Evaluation Process: A Methodology of Increasing Importance at International Level

This paper describes the experience of the mutual evaluations of the Financial Action Task Force on Money Laundering (FATF) that have been carried out since 1992. It focuses on the mutual evaluation process, which is one of the cornerstones of the FATF and has proven to be the most successful element of its activities. The purpose of the mutual evaluation process is to provide a comprehensive and objective assessment of the extent to which the country in question has moved forward in implementing the 40 Recommendations — the effective measures to counter money laundering and to highlight areas in which further progress may still be required.