FATF's effectiveness assessment measures real outcomes, not framework existence. Japan's 2021 evaluation identified specific mid-market institution gaps that the 5th Round will reassess directly.
Japan's FATF 5th Round on-site inspection is August 2028. Evidence of effectiveness cannot be retrospectively created. This 24-month roadmap sets out the preparation phases mid-market institutions must begin now.
Japan's FSA AML/CFT Guidelines were revised on 31 March 2026 — making former good practice standards mandatory for all institutions. Here is what mid-market financial institutions must do now.