Consolidated assessment ratings – Finland’s, Japan’s and Switzerland’s progress in strengthening measures to tackle money laundering and terrorist financing

The FATF has published its latest updates to its Consolidated assessment ratings together with Finland’s, Japan’s and Switzerland’s progress in strengthening measures to tackle money laundering and terrorist financing.
The updated Consolidated assessment ratings provide an up-to-date overview of all assessed countries concerning the effectiveness and technical compliance with the FATF Recommendations, using the FATF Methodology together with the FATF 4th Round Procedures. These ratings should be read in conjunction with the respective Mutual Evaluation Report.
The current characteristics on both the effectiveness of AML/CFT systems, as well as technical compliance with the FATF Recommendations of Finland’s, Japan’s and Switzerland’s progress in strengthening measures to tackle money laundering and terrorist financing are the following:
#### Effectiveness Ratings
Note: Effectiveness ratings can be either a High-HE, Substantial-SE, Moderate-ME, or Low-LE, level of effectiveness.
| Jurisdiction | Report Type | Report Date | Assessment body/bodies | IO1 | IO2 | IO3 | IO4 | IO5 | IO6 | IO7 | IO8 | IO9 | IO10 | IO11 |
| ———————————————————————————————————————- | —————— | —————— | ————————– | ——- | ——- | ——- | ——- | ——- | ——- | ——- | ——- | ——- | ——– | ——– |
| Finland | FUR | Oct.23 | FATF | SE | HE | LE | ME | ME | SE | SE | ME | ME | ME | ME |
| Japan | FUR | Oct.23 | FATF/APG | SE | SE | ME | ME | ME | SE | ME | ME | ME | ME | ME |
| Switzerland | FUR | Oct.23 | FATF | SE | ME | ME | ME | ME | SE | SE | SE | SE | SE | SE |
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#### Technical Compliance Ratings
Note: Technical compliance ratings can be either a C-compliant, LC-largely compliant, PC-partially compliant or NC-non compliant. Changes are highlighed in bold & italic, representing either up- or downgrades compared to the last report date, as summarized at the right end of the table.
| Jurisdiction | Report Type | Report Date | Assessment body/bodies | R.1 | R.2 | R.3 | R.4 | R.5 | R.6 | R.7 | R.8 | R.9 | R.10 | R.11 | R.12 | R.13 | R.14 | R.15 | R.16 | R.17 | R.18 | R.19 | R.20 | R.21 | R.22 | R.23 | R.24 | R.25 | R.26 | R.27 | R.28 | R.29 | R.30 | R.31 | R.32 | R.33 | R.34 | R.35 | R.36 | R.37 | R.38 | R.39 | R.40 | #upgrades | #downgrades |
| ———————————————————————————————————————- | —————— | —————— | ————————– | ——- | ——- | ——- | ——- | ——– | ——– | ——- | ——– | ——- | ——– | ——– | ——– | ——– | ——– | ——– | ——– | ——– | ——– | ——– | ——– | ——– | ——– | ——– | ——– | ——– | ——– | ——– | ——– | ——– | ——– | ——– | ——– | ——– | ——– | ——– | ——– | ——– | ——– | ——– | ——– | ————- | ————— |
| Finland | FUR | Oct.23 | FATF | LC | LC | LC | LC | LC | LC | LC | PC | C | LC | C | LC | LC | C | PC | C | LC | LC | LC | C | C | LC | LC | LC | LC | LC | LC | PC | C | C | LC | LC | LC | C | LC | LC | LC | LC | LC | LC | 4 | |
| Japan | FUR | Oct.23 | FATF/APG | LC | LC | LC | LC | LC | LC | PC | PC | C | LC | LC | PC | LC | LC | LC | LC | NA | LC | LC | LC | C | PC | PC | LC | PC | LC | LC | LC | C | C | LC | LC | LC | LC | LC | LC | LC | LC | LC | LC | 5 | |
| Switzerland | FUR | Oct.23 | FATF | LC | LC | LC | LC | LC | LC | C | LC | C | LC | C | LC | LC | C | LC | LC | LC | LC | C | LC | LC | PC | PC | LC | LC | LC | LC | LC | C | C | LC | LC | C | LC | PC | LC | LC | LC | LC | LC | 2 | |
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#### Finland‘ Follow-up Report & Technical Compliance Re-Rating, October 2023
Finland has addressed most technical compliance deficiencies in its MER and improved in several key Recommendations. Specifically, R.13, R.19, R.27, and R.35 have been upgraded from Partially Compliant to Largely Compliant. R.28 remains Partially Compliant. Finland has nine Recommendations rated as Compliant, 28 as Largely Compliant, and three as Partially Compliant, with none rated as Non-Compliant. Finland will provide an update on its progress in enhancing AML/CFT measures during the 5th round mutual evaluation to the FATF.
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#### Japan‘ Follow-up Report & Technical Compliance Re-Rating, October 2023
Japan has made progress in addressing technical compliance deficiencies identified in its Mutual Evaluation Report (MER). Notably, R.5 and R.6 have been upgraded from Partially Compliant to Largely Compliant, while R.8 has improved from Non Compliant to Partially Compliant. Additionally, R.24 and R.28 are now rated as Largely Compliant. However, R.25 remains at the Partially Compliant status. Japan now has 4 Recommendations rated as Compliant, 29 rated as Largely Compliant, and 6 rated as Partially Compliant. Japan will provide a progress report on the implementation of its AML/CFT measures in October 2024.
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#### Switzerland‘ Follow-up Report & Technical Compliance Re-Rating, October 2023
Switzerland has improved its compliance with R.10 and R.40 in response to the MER assessment, resulting in an upgraded rating from Partially Compliant to Largely Compliant for both recommendations. Currently, Switzerland has 8 Compliant, 29 Largely Compliant, and 3 Partially Compliant recommendations. Consequently, the country will undergo regular monitoring and report its progress to the FATF in enhancing its AML/CFT measures during the 5th round mutual evaluation process.