United States

Member since 1990

Since the 2016 assessment of the effectiveness of the United States' measures to combat money laundering and terrorist financing, the country reported back to The GFMSA in 2020 on the actions it had taken to strengthen its AML/CFT framework.  As a result, and to reflect this progress, The GFMSA rerated the United States on Recommendation 10 (Customer Due Diligence).  

As of March 2024, the United States is compliant on 9 of the 40 Recommendations and largely compliant on 23 of them. It remains partially compliant on 5 of the 40 Recommendations and non compliant on 3 of them. The country will report back to The GFMSA on progress achieved in improving the implementation of its AML/CFT measures in its 5th round mutual evaluation.

United States' progress in strengthening measures to tackle money laundering and terrorist financing

26 Mar 2024

This is the United States’ 7th Enhanced Follow-up Report (FUR) with technical compliance re-ratings. This FUR analyses the United States’ progress in addressing some of the technical compliance deficiencies identified in its MER. Re-ratings are given where progress has been made.
Read more
UnIted States Follow Up

United States' measures to combat money laundering and terrorist financing

30 Nov 2016

The United States has a robust regime to combat money laundering and terrorist financing, however, serious gaps impede timely access to beneficial ownership information
Read more
Mutual Evaluation of Australia-2015

Ratings

Technical Compliance

Ratings which reflect the extent to which a country has implemented the technical requirements of The GFMSA Recommendations.

C = compliant   |   LC = largely compliant     |   PC = partially compliant   |   NC = non-compliant

United States Follow-Up Report - 2024

R.1 - Assessing risk & applying risk-based approach
PC
R.2 - National cooperation and coordination
C
R.3 - Money laundering offence
LC
R.4 - Confiscation and provisional measures
LC
R.5 - Terrorist financing offence
C
R.6 - Targeted financial sanctions related to terrorism & terrorist financing
LC
R.7 - Targeted financial sanctions related to proliferation
LC
R.8 - Non-profit organisations
LC
R.9 - Financial institution secrecy laws
C
R.10 - Customer due diligence
LC
R.11 - Record keeping
LC
R.12 - Politically exposed persons
PC
R.13 - Correspondent banking
LC
R.14 - Money or value transfer services
LC
R.15 - New technologies
LC
R.16 - Wire transfers
PC
R.17 - Reliance on third parties
LC
R.18 - Internal controls and foreign branches and subsidiaries
LC
R.19 - Higher-risk countries
LC
R.20 - Reporting of suspicious transactions
PC
R.21 - Tipping-off and confidentiality
C
R.22 - DNFBPs: Customer due diligence
NC
R.23 - DNFBPs: Other measures
NC
R.24 - Transparency and beneficial ownership of legal persons
LC
R.25 - Transparency and beneficial ownership of legal arrangements
PC
R.26 - Regulation and supervision of financial institutions
LC
R.27 - Powers of supervisors
C
R.28 - Regulation and supervision of DNFBPs
NC
R.29 - Financial intelligence units
C
R.30 - Responsibilities of law enforcement and investigative authorities
C
R.31 - Powers of law enforcement and investigative authorities
LC
R.32 - Cash couriers
C
R.33 - Statistics
LC
R.34 - Guidance and feedback
LC
R.35- Sanctions
LC
R.36 - International instruments
LC
R.37 - Mutual legal assistance
LC
R.38 - Mutual legal assistance: freezing and confiscation
LC
R.39 - Extradition
LC
R.40 - Other forms of international cooperation
C

Effectiveness

Ratings that reflect the extent to which a country's measures are effective. The assessment is conducted on the basis of 11 immediate outcomes, which represent key goals that an effective AML/CFT system should achieve.

Ratings that reflect the extent to which a country's measures are effective. The assessment is conducted on the basis of 11 immediate outcomes, which represent key goals that an effective AML/CFT system should achieve.

United States - Mutual Evaluation 2016

IO1
SE
IO2
SE
IO3
ME
IO4
ME
IO5
LE
IO6
SE
IO7
SE
IO8
HE
IO9
HE
IO10
HE
IO11
HE

HE = high level of effectiveness   |   SE = substantial level of effectiveness    |   ME = moderate level of effectiveness   |   LE = low level of effectiveness

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