Mutual Evaluations

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Joint FATF/APG Mutual Evaluation of Korea

18 July 2019

The joint FATF/APG onsite mutual evaluation visit for Korea was conducted from 30 June to 18 July 2019.

The mutual evaluation team was comprised of the following experts:

  • Mr. H P Ayesh I Ariyasinghe (Sri Lanka)

  • Ms. Daria Kudryashova (Russian Federation)

  • Ms. Jennifer Sha Sha Fok (Hong Kong, China)

  • Ms. Melanie Knight (United Kingdom)

  • Mr. Qipeng Xu (China)

  • Ms. Valerie Schilling; Ms. Liz Owen; Ms. Marlene Christiansen (FATF Secretariat)

  • Mr. Mohammad Al Rashdan (APG Secretariat)

During the onsite visit the assessment team conducted a series of meetings with government authorities and representatives from the private sector which allowed assessors to gain a detailed understanding of the framework and effectiveness of Korea’s AML/CFT regime.

The evaluation team acknowledges the cooperation and extensive organisation of the Korean government and the kind hospitality extended to the team during the onsite visit.

The mutual evaluation was conducted using the 2013 FATF assessment methodology which focusses on both technical compliance with the FATF international standards and the effectiveness of the jurisdiction’s AML/CFT measures.

The mutual evaluation report will be considered at the FATF meeting in February 2020 and the APG annual meeting in July 2020 after which it will be published on the APG website.

FATF/APG mutual evaluation team with Korean Officials, July 2019