The Financial Action Task Force (FATF) amended its assessment methodology in 2022 to provide a comprehensive framework detailing the process of mutual evaluations, which are aimed at determining how well countries adhere to FATF standards, with an emphasis on both legal and institutional frameworks, as well as the outcomes of these systems in practice. The methodology is divided into sections covering technical compliance assessment, effectiveness assessment, and various annexes providing templates and guidance for evaluators, reflecting updates and revisions made to the FATF standards as of August 2024