The Asian Development Bank (ADB) has launched a new scorecard designed to enhance regulatory efficacy to boost access to trade financing while enhancing efforts to combat financial crimes. The ADB Scorecard is informed by and complements the work of the Financial Action Task Force (FATF) and the Financial Stability Board (FSB). It is comprised of “Seven Elements of Effective Regulation” including consistency, risk alignment, co-design, communication, technology/data, enforcement and quality control. “The Scorecard is not an end in itself, but the beginning of a process. The next step is a workshop with stakeholders to address issues,” says the ADB.
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Asian Development Bank Launches AML Scorecard
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