United States' progress in strengthening measures to tackle money laundering and terrorist financing

26 Mar 2024

This is the United States’ 7th Enhanced Follow-up Report (FUR) with technical compliance re-ratings. This FUR analyses the United States’ progress in addressing some of the technical compliance deficiencies identified in its MER. Re-ratings are given where progress has been made.

United States' measures to combat money laundering and terrorist financing

30 Nov 2016

The United States has a robust regime to combat money laundering and terrorist financing, however, serious gaps impede timely access to beneficial ownership information

Ratings

Technical Compliance

Ratings which reflect the extent to which a country has implemented the technical requirements of the FATF Recommendations.

C = compliant | LC = largely compliant | PC = partially compliant | NC = non-compliant

United States Follow-Up Report - 2024

R.1 - Assessing risk & applying risk-based approach: PC
R.2 - National cooperation and coordination: C
R.3 - Money laundering offence: LC
R.4 - Confiscation and provisional measures: LC
R.5 - Terrorist financing offence: C
R.6 - Targeted financial sanctions related to terrorism & terrorist financing: LC
R.7 - Targeted financial sanctions related to proliferation: LC
R.8 - Non-profit organisations: LC
R.9 - Financial institution secrecy laws: C
R.10 - Customer due diligence: LC
R.11 - Record keeping: LC
R.12 - Politically exposed persons: PC
R.13 - Correspondent banking: LC
R.14 - Money or value transfer services: LC
R.15 - New technologies: LC
R.16 - Wire transfers: PC
R.17 - Reliance on third parties: LC
R.18 - Internal controls and foreign branches and subsidiaries: LC
R.19 - Higher-risk countries: LC
R.20 - Reporting of suspicious transactions: PC
R.21 - Tipping-off and confidentiality: C
R.22 - DNFBPs: Customer due diligence: NC
R.23 - DNFBPs: Other measures: NC
R.24 - Transparency and beneficial ownership of legal persons: LC
R.25 - Transparency and beneficial ownership of legal arrangements: PC
R.26 - Regulation and supervision of financial institutions: LC
R.27 - Powers of supervisors: C
R.28 - Regulation and supervision of DNFBPs: NC
R.29 - Financial intelligence units: C
R.30 - Responsibilities of law enforcement and investigative authorities: C
R.31 - Powers of law enforcement and investigative authorities: LC
R.32 - Cash couriers: C
R.33 - Statistics: LC
R.34 - Guidance and feedback: LC
R.35- Sanctions: LC
R.36 - International instruments: LC
R.37 - Mutual legal assistance: LC
R.38 - Mutual legal assistance: freezing and confiscation: LC
R.39 - Extradition: LC
R.40 - Other forms of international cooperation: C

Effectiveness

Ratings that reflect the extent to which a country's measures are effective. The assessment is conducted on the basis of 11 immediate outcomes, which represent key goals that an effective AML/CFT system should achieve.