International Cooperation Review Group
E92384
The International Cooperation Review Group is a specialized body within the Financial Action Task Force that assesses countries’ compliance with anti–money laundering and counter-terrorist financing standards and identifies jurisdictions with strategic deficiencies.
Statements (37)
| Predicate | Object |
|---|---|
| instanceOf |
FATF body
→
international monitoring mechanism → |
| abbreviation | ICRG → |
| activity |
analyses risks and deficiencies in national AML/CFT systems
→
develops action plans with jurisdictions to address deficiencies → monitors progress in implementing AML/CFT reforms → recommends listing of jurisdictions with strategic deficiencies → reviews country-level AML/CFT frameworks → |
| basedOn |
country risk and impact on the international financial system
→
risk-based approach → |
| composition | representatives of FATF member jurisdictions → |
| establishedBy | Financial Action Task Force → |
| field |
anti-money laundering
→
counter-terrorist financing → financial crime prevention → |
| focus |
effectiveness of implementation of FATF standards
→
strategic AML/CFT deficiencies at the jurisdiction level → |
| jurisdiction |
FATF member countries
→
non-member jurisdictions subject to FATF monitoring → |
| language | English → |
| outcome |
identification of jurisdictions with strategic AML/CFT deficiencies
→
public identification of certain jurisdictions by FATF → recommendations for remedial measures → |
| partOf | Financial Action Task Force → |
| purpose |
to assess countries’ compliance with FATF standards
→
to encourage remediation of strategic AML/CFT deficiencies → to identify jurisdictions with strategic AML/CFT deficiencies → to promote effective implementation of FATF Recommendations → |
| relatedTo |
Financial Action Task Force
→
surface form:
FATF grey list
Financial Action Task Force →
surface form:
FATF list of high-risk jurisdictions subject to a call for action
Financial Action Task Force →
surface form:
FATF list of jurisdictions under increased monitoring
|
| reportsTo | FATF Plenary → |
| scope | global → |
| usesInstrument |
FATF Recommendations
→
follow-up reports → mutual evaluation reports → |
| website | https://www.fatf-gafi.org → |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.