FATF round five - the effectiveness agenda

Technical compliance with global anti-money laundering standards - through passage of black letter law, writing regulation and building supervision and law enforcement capability - is advancing steadily worldwide, the achievement of four rounds of mutual evaluation by the Financial Action Task Force and regional monitoring bodies. If the machinery is largely in place, how well is it working? Keith Nuthallchecks on scope, focus and timetable for the fifth round of assessments.