UK makes progress with Financial Action Taskforce recommendations

Global money laundering and terrorist financing watchdog the Financial Action Taskforce has re-rated the United Kingdom from 'partially compliant 'to 'Compliant' with most of its recommendations.

This follows the UK providing the FTAF with details of the action it has taken since its last Mutual Evaluation report in 2018.

As a policy-making body, the FATF works to generate the necessary political will to bring about national legislative and regulatory reforms .

The United Kingdom is 'compliant' on 24 Recommendations and 'largely compliant' on 15. The country remains 'partially compliant' on 1 Recommendation.

Read the 2018 Mutual Evaluation report