PROCESS AND PROCEDURES FOR THE GIABA THIRD ROUND OF AML/CFT/CPF MUTUAL EVALUATIONS AND FOLLOW-UP PROCEDURES
The Inter-Governmental Action Group against Money Laundering in West Africa (GIABA) will conduct assessments for its member States based on the Financial Action Task Force (FATF) Standards and the FATF Methodology for Assessing Technical Compliance with the FATF Recommendations and the Effectiveness of AML/CFT/CPF Systems (FATF Methodology), as amended from time to time. In principle, GIABA’s AML/CFT/CPF Mutual Evaluations and Follow-up Procedures (GIABA Procedures) should be read in conjunction with the FATF Universal Processes and Procedures for AML/CFT/CPF Mutual Evaluations and Follow-up (Universal Procedures). There will be some flexibility in the procedural arrangements. However, there will be a set of principles which GIABA would apply as noted in the High-Level Principles and Objectives for the Relationship between the FATF and the FSRBs (HLPOs).
This document sets out the Procedures that are the basis for the mutual evaluations (ME) and follow-up conducted by GIABA