Representatives of the EAG Secretariat took part in the meeting of the subgroup on the effectiveness of the Working group on evaluations and implementation of the FATF (WGEI)

A special meeting of the subgroup on the effectiveness of the Working group on evaluations and implementation of the FATF (WGEI) was held in Singapore (Republic of Singapore) on 16-18 April, 2012.

The meeting was attended by the representatives of the FATF member states, FATF associate members - EAG, APG, GAFISUD, MONEYVAL and international organizations - the World Bank, the IMF, the UN.

The key topic for discussion was the model of a target-based approach, approved by the WGEI in February 2012.

In the course of the discussions the participants considered the following main issues:

- definition of objectives and results of the assessment of effectiveness, including hierarchy, grouping, sequence and final amount of the model results;
- need to review the results related to ML/FT separately;
- list of contextual factors and their possible influence on the approach;
- preliminary identification of possible quantitative and qualitative characteristics, which may be considered in relation to the objectives of the current level.