AML/CFTR 3.5.4 Decisions about effectiveness of AML/CFT regimes in other jurisdictions

(1) This rule applies to a firm in making a decision about whether a jurisdiction has an effective AML/CFT regime.
(2) The firm must consider the following 3 factors in relation to the jurisdiction:
(a) legal framework;
(b) enforcement and supervision;
(c) international cooperation.
(3) In considering these 3 factors, the firm must have regard to the relevant findings about jurisdictions published by international organisations, governments and other bodies.

Example of international organisation

Derived by QFCRA RM/2019-8 (as from 1st February 2020)