FATF updates its 2023 Consolidated processes and procedures for AML/CFT mutual evaluations and follow-ups, establishing a unified, stricter, and more transparent global framework 

The Universal Procedures define standardised processes including assessor selection, confidentiality and conflict-of-interest safeguards, consistent timelines, quality control and uniform follow-up mechanisms — to ensure that reviews of countries’ compliance with FATF Recommendations remain rigorous, comparable and fair across all jurisdictions. It also mandates new procedures for emerging issues — such as a dedicated process to address unintended consequences for non-profit organisations (NPOs) — reflecting FATF’s commitment to balancing enforcement of AML/CFT standards with protection of legitimate civil-society activities…