FATF publishes a report titled ‘Horizontal Review of Gatekeepers’ Technical Compliance related to Corruption, which assesses the current state of play and identifies areas that FATF members must prioritise for further improvement

This review found that some cornerstone obligations of the FATF Recommendations fall behind the compliance levels of other obligations. These requirements conducting CDD, implementing internal controls, and providing a supervisor with adequate powers to conduct risk-based supervision are essential requirements to address the vulnerability of gatekeepers to money laundering and corruption threats…