New guidance to assist practitioners, and particularly those in lower capacity countries, in assessing terrorist financing risk. It sets out good approaches, relevant information sources and practical examples based on country experience.
Mr. Xiangmin Liu of the People's Republic of China assumed the position of President of the FATF. He succeeded Marshall Billingslea of the United States.
The report sets out FATF's ongoing work to fight money laundering and terrorist financing and provides an overview of the Work Programme on Virtual Assets, amongst other areas.
Informed by a public consultation in March 2019, the FATF updated three risk-based approach guidance documents for Legal Professionals, Accountants, and Trust and Company Service Providers.
FATF clarifes how FATF requirements should apply in relation to RBA for Virtual Assets & Virtual Asset Service Providers , in particular with regard to the application of the RBA approach.
To support financial innovation that is resiliant to money laundering and terrorist financing, the FATF has launched a new platform to share initiatives and developments for the benefit of governments and the private sector more broadly: FATF FinTech and RegTech Initiative
The FATF has identified jurisdictions with strategic deficiencies in their frameworks to combat money laundering and the financing of terrorism and proliferation: jurisdictions for which an FATF call for action applies and other monitored jurisdictions.
Combatting terrorist financing is top priority for the FATF, and a key part of the FATF’s objectives in strengthening financial sector integrity and contributing to safety and security. FATF's focus on terrorist financing
The FATF Recommendations, the international anti-money laundering and combating the financing of terrorism and proliferation (AML/CFT) standards, and the FATF Methodology to assess the effectiveness of AML/CFT systems.
