Publication of the finalized Discussion Paper on "Issues and Practices for Dialogue on Validation of Effectiveness of AML/CFT Frameworks"

The FSA finalized the Discussion Paper on "Issues and Practices for Dialogue on Validation of Effectiveness of AML/CFT Frameworks". The Discussion Paper mainly outlines the concept of "validation of effectiveness" required of FIs in the "Guidelines for Anti-Money Laundering and Combating the Financing of Terrorism" and how to proceed with dialogue between FIs and FSA, and reflects amendments based on comments received through public consultation.