Explanation
"The first European Union Directive, "Prevention of the Use of the Financial System for the Purpose of Money Laundering (Directive 91/308/EEC)," was adopted by the Council of the European Communities in June 1991. Like all directives adopted by the Council, it required member states to achieve (by amending national law, if necessary) the specified results. This First Directive required the members to enact legislation to prevent their domestic financial systems from being used for money laundering"

The Board of Directors is the primary governing body of a financial institution and has the fiduciary duty to oversee and approve the BSA/AML compliance program. One of the key responsibilities of the Board is to ensure the appointment of a qualified chief AML officer who has the authority, expertise, and resources to implement and manage the BSA/AML program effectively. The chief AML officer is accountable to the Board and senior management for the performance of the BSA/AML program and should report regularly on the status, issues, and challenges of the program. The Board should also evaluate the chief AML officer's performance and provide feedback and guidance as needed.
References:
The Board's Role in AML Compliance
Board Member Responsibilities for BSA/AML Compliance
Responsibilities of the Board of Directors in Implementing a Successful AML Program

one of the key roles of FATF-Style Regional Bodies (FSRBs) is to support the system of mutual evaluation, which is a peer review process that assesses the level of compliance and effectiveness of each member country's anti-money laundering and counter-terrorism financing (AML/CFT) regime12. FSRBs conduct mutual evaluations in accordance with the FATF's methodology and standards, and share the results and recommendations with the FATF and other FSRBs3. Mutual evaluations help identify the strengths and weaknesses of each country's AML/CFT system, and provide a basis for technical assistance and follow-up actions4.
References:
What are the 9 FATF-Style Regional Bodies (FSRBs)? - Sygna1
FATF-Style Regional Bodies (FSRBs) - Asia/Pacific Group on Money Laundering2 The Role of FATF Style Regional Bodies (FSRBs) in Combating ... - IDMerit3
9 FATF-Style Regional Bodies (FSRBs) - fineksus.com4