FATF Mutual Evaluation & Proliferation Financing Survey

HM Treasury is collecting data from UK AML supervised firms to prepare for the UK’s upcoming Financial Action Task Force (FATF) Mutual Evaluation and the update of the Proliferation Financing National Risk Assessment (PF NRA). We encourage firms to take part. The survey closes on 31 March 2026.

1. FATF Mutual Evaluation of the United Kingdom

The Financial Action Task Force (FATF) is the global standard-setter for combating money laundering, terrorist financing, and proliferation financing. FATF conducts periodic Mutual Evaluations (MEs) of member countries to assess both technical compliance with FATF Recommendations and the effectiveness of measures in practice.

The United Kingdom’s next FATF Mutual Evaluation will commence in late 2026. This assessment will evaluate the UK’s compliance with the FATF’s 40 recommendations and the UK’s effectiveness in achieving the required Immediate Outcomes (IOs). HM Treasury is coordinating the UK’s preparation for this evaluation. Two of the outcomes—IO10 and IO11—specifically measure the UK’s ability to implement UN-mandated targeted financial sanctions, related to terrorist financing (TF) and proliferation financing (PF) respectively. The first part of this survey will ask IO10 and IO11 related questions and help inform the UK’s submissions to the FATF.

2. Update of the UK Proliferation Financing National Risk Assessment (PF NRA)

HM Treasury is currently updating the UK’s PF NRA to identify PF risks and typologies across sectors and strengthen the UK’s response. Your input to the second part of this survey will help ensure the PF NRA reflects real-world risks and challenges faced by firms.

Confidentiality and Use of Responses

All responses will be treated in confidence and used solely for the two initiatives:

· FATF Mutual Evaluation: Responses will form part of the evidence base for the UK’s submission to FATF assessors, demonstrating the effectiveness of UK firms’ implementation of UN-mandated targeted financial sanctions for TF and PF.

· PF National Risk Assessment: Responses to the PF NRA section will inform HM Treasury’s analysis and conclusions in its forthcoming Proliferation Financing National Risk Assessment publication.

In both outputs, all information provided through this survey will be aggregated and anonymised, and will not be attributable to any specific firm

An outline of the survey is provided to  help you prepare your responses before submission.