Real estate is a popular choice for investment, but it also attracts criminals who use real estate to assist in their illicit activities or to launder their criminal profits. FATF has therefore updated its guidance to prevent misuse of the real estate sector for money laundering and terrorist financing.
This report aims to help jurisdictions responsibly enhance, design and implement information collaboration initiatives among private sector entities, in accordance with data protection and privacy (DPP) rules.
FATF President Raja Kumar called on G20 to lead by example in regulating crypto assets. G20 Members recognised the need to step up efforts to combat money laundering and the financing of terrorism & proliferation.
Watch FATF's webinar on migrant smuggling, which brought together civil society, public and private sector, and academia to discuss key findings from the recent FATF report on money laundering and terrorist financing risks arising from migrant smuggling and possible solutions to detect and prevent migrant smuggling.
The FATF Recommendations, the international anti-money laundering and combatting the financing of terrorism and proliferation (AML/CFT) standards, and the FATF Methodology to assess the effectiveness of AML/CFT systems.
The FATF has identified jurisdictions with strategic deficiencies in their frameworks to combat money laundering and the financing of terrorism and proliferation: high-risk jurisdictions subject to a call for action and jurisdictions under increased monitoring.
The COVID-19 pandemic has led to unprecedented global challenges, human suffering and economic disruption. Criminals have been quick to seek ways to exploit this crisis. Despite the exceptional circumstances, the FATF has continued advancing its important work. It has highlighted COVID-19 related threats and vulnerabilities as well as policy responses to address them.
FATF has issued global, binding standards to prevent the misuse of virtual assets for money laundering and terrorist financing. The standards ensure that virtual assets are treated fairly, applying the same safeguards as the financial sector.
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
