Table 2.

Technical compliance ratings

RecommendationCompliance level
1: assessing risk and applying risk-based approachPC
2: national co-operation and co-ordinationPC
3: ML offenceLC
4: confiscation and provisional measuresLC
5: terrorist financing offencePC
6: targeted financial sanctions – terrorism and TFNC
7: targeted financial sanctions – proliferationPC
8: NPOsNC
9: financial institution secrecy lawsLC
10: customer due diligencePC
11: record keepingLC
12: politically exposed personsNC
13: correspondent bankingLC
14: money or value transfer servicesPC
15: new technologiesNC
16: wire transfersLC
17: reliance on third partiesNC
18: internal controls and foreign branches and subsidiariesPC
19: higher-risk countriesLC
20: reporting of suspicious transactionsLC
21: tipping-off and confidentialityC
22: DNFBPs – customer due diligencePC
23: DNFBPs – other measuresPC
24: transparency and beneficial ownership of legal personsPC
25: transparency and beneficial ownership of legal arrangementsPC
26: regulation and supervision of financial institutionsPC
27: powers of supervisionPC
28: regulation and supervision of DNFBPsPC
29: financial intelligence unitsLC
30: responsibilities of law enforcement and investigative authoritiesC
31: powers of law enforcement and investigative authoritiesC
32: cash couriersPC
33: statisticsLC
34: guidance and feedbackLC
35: sanctionsLC
36: international instrumentsLC
37: mutual legal assistanceLC
38: mutual legal assistance – freezing and confiscationLC
39: extraditionLC
40: other forms of international co-operationLC
Source: Authors’ representation
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