After the adoption of the MER, all countries must report back to the FATF on their progress in improving their effectiveness in combating ML/TF/PF.

As a default, countries are put into the regular follow-up process. Countries with poorer mutual evaluation results are required to report back more frequently through the enhanced follow-up procedure.

The FATF continually identifies and reviews jurisdictions with strategic AML/CFT deficiencies that present a risk to the international financial system and closely monitors their progress. The FATF’s International Co-operation Review Group (ICRG) oversees the process if it has achieved poor results on its mutual evaluation, specifically:

• it has 20 or more Non-Compliant (NC) or Partially Compliant (PC) ratings for technical compliance; or
• it is rated NC/PC on 3 or more of the following Recommendations: 3, 5, 6, 10, 11, and 20; or
• it has a low or moderate level of effectiveness for 9 or more of the 11 Immediate Outcomes, with a minimum of two lows; or
• has a low level of effectiveness for 6 or more of the 11 Immediate Outcomes.

The countries in ICRG are identified publicly and must complete an action plan to ameliorate their strategic AML/CFT deficiencies.

Five years after the conclusion of the mutual evaluation, every country has a follow-up assessment, which is a targeted assessment on weaker elements identified in the mutual evaluation.