FATF’s Fifth Round Procedures introduce a risk-based, time-sensitive evaluation cycle prioritising high-risk jurisdictions and enforcing stricter follow-up within six years

The procedures outline a risk-based approach to mutual evaluations, prioritising jurisdictions with higher money laundering and terrorist financing risks, larger financial sectors, or outdated assessments. The procedures mandate a six-year evaluation cycle with reinforced follow-up, requiring jurisdictions to address key deficiencies within three years or face potential public identification through the ICRG process.