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Volume 3, Edition 1 Chatterbox 07/04/2020
Part Two: Regulatory Response
In Focus: FATF
International Updates and Guidance
United States’ progress in
strengthening measures to tackle
money laundering and terrorist
financing
Paris, 31 March 2020 - Since Transparency International CPI 2019
the 2016 assessment of the
United States’ measures to tackle The Corruption Perceptions Index This year, the research highlights the
relationship between politics, money
money laundering and terrorist
financing, the country has taken a ranks 180 countries and territories by and corruption. Unregulated flows of
big money in politics also make public
their perceived levels of public sector
number of actions to strengthen corruption, according to experts and policy vulnerable to undue influence.
its framework.
businesspeople. Countries with stronger enforcement
of campaign finance regulations
The United States has been in
an enhanced follow-up process This year’s analysis shows corruption have lower levels of corruption, as
is more pervasive in countries
measured by the CPI.
following the adoption of its
mutual evaluation in 2016. In line where big money can flow freely Countries where campaign finance
into electoral campaigns and where
with the FATF Procedures for
mutual evaluations, the country governments listen only to the regulations are comprehensive
and systematically enforced have
voices of wealthy or well-connected
has reported back to the FATF
on the actions it has taken since individuals. an average score of 70 on the CPI,
whereas countries where such
then.
More than two-thirds of countries regulations either don’t exist or are
score below 50 on this year’s CPI, with poorly enforced score an average of
To reflect the United States’
progress, the FATF has re-rated an average score of just 43. just 34 and 35 respectively.
the country on the following The data shows that despite some When policymakers listen only to
Recommendation:
progress, a majority of countries are wealthy or politically connected
still failing to tackle public sector individuals and groups, they often do
• Recommendation 10
(Customer Due Diligence) - from corruption effectively. so at the expense of the citizens they
serve.
Partially Compliant to Largely Jurisdictions with the lowest level
Compliant
of perceived corruption are New Countries with lower CPI scores
Zealand and Denmark (87) Finland also have a higher concentration
The report also looks at whether (86), Singapore (85), Sweden (85) and of political power among wealthy
the United States’ measures
meet the requirements of FATF Switzerland (85). citizens.
Recommendations that have
changed since the 2016 mutual The poorest performing countries Read the full report here:
https://www.transparency.org/
continue to be those most affected by
evaluation.
civil war and instability and include cpi2019
Somalia (9), South Sudan (12) and
Continue overleaf...
Syria (13).
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