In the process of mutual evaluations and subsequent follow-ups used by the Financial Action Task...

The FATF conducts mutual evaluations—a peer review process—whereby member countries assess each other’s AML/CFT systems. This includes on-site visits and reviews by international experts, with public reports containing recommendations for improvement. The process is not punitive and does not impose sanctions.

“FATF mutual evaluations are peer reviews in which experts from member countries assess another member's AML/CFT system and provide recommendations.”

(CAMS 6th Edition, International AML/CFT Standards; FATF Methodology, Recommendation 40)