During Phase 1 reviews, each of the ten essential elements receives a determination, which can be: “The element is in place”, “The element is in place, but certain aspects of the legal implementation of the element need improvement”, or “The element is not in place”. In Phase 2 reviews, each essential element is rated as “compliant”, “largely compliant, “partially compliant”, or “non-compliant”. In addition, a jurisdiction that has completed both Phase 1 and Phase 2 reviews is assigned an overall rating, assessing the general level of compliance with the standard.
The Global Forum has now completed 253 peer reviews and assigned compliance ratings to 113 jurisdictions that have undergone Phase 2 reviews. 22 jurisdictions are rated “Compliant”, 77 are rated “Largely Compliant”, 12 are rated “Partially Compliant” and 5 jurisdictions “Non-Compliant".
|Jurisdiction ratings following a Phase 2 review|
|Australia, Belgium, Canada, China (People’s Republic of), Colombia, Denmark, Finland, France, Iceland, India, Ireland, Isle of Man, Japan, Korea, Lithuania, Mexico, New Zealand, Norway, Slovenia, South Africa, Spain, Sweden||Compliant|
|Albania, Argentina, Aruba, Austria, Azerbaijan, Bahamas, Bahrain, Barbados, Belize, Bermuda, Botswana, Brazil, British Virgin Islands, Brunei Darussalam, Bulgaria, Burkina Faso, Cameroon, Cayman Islands, Chile, Cook Islands, Cyprus, Czech Republic, El Salvador, Estonia, Former Yugoslav Republic of Macedonia, Gabon, Georgia, Germany, Ghana, Gibraltar, Greece, Grenada, Guernsey, Hong Kong (China), Hungary, Israel, Italy, Jamaica, Jersey, Kenya, Latvia, Lesotho, Liechtenstein, Luxembourg, Macao (China), Malaysia, Malta, Mauritania, Mauritius, Monaco, Montserrat, Morocco, Netherlands, Nigeria, Niue, Pakistan, Philippines, Poland, Portugal, Qatar, Romania, Russia, San Marino, Senegal, Singapore, Slovak Republic, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines, Saudi Arabia, Seychelles, Switzerland, Turks and Caicos Islands, Uganda, United Kingdom, United States, Uruguay||Largely Compliant|
|Andorra, Anguilla, Antigua and Barbuda, Costa Rica, Curaçao, Dominica, Dominican Republic, Indonesia, Samoa, Sint Maarten, Turkey, United Arab Emirates||Partially Compliant|
Marshall Islands, Panama
Federated States of Micronesia*, Guatemala*, Trinidad and Tobago*
Jurisdictions not yet rated because they cannot move to Phase 2
* This jurisdiction has been rated overall Non-Compliant on an exceptional basis without having undergone a Phase 2 review as elements critical to ensuring an effective exchange of information in its legal and regulatory framework remained not in place for more than 2 years after its Phase 1 review. Individual ratings for each element are not assigned for the jurisdiction.
** Kazakhstan has until 30 November 2016 to request an acceleration of its new review. If it does not make such a request, or if the request does not demonstrate that it has made sufficient progress, then it would be rated Non-Compliant.