FATF Plenary, the first under the Presidency of Dr. Marcus Pleyer, will meet virtually from 21-23 October. Delegates will focus on many topics, including maintaining FATF work during the COVID-19 Crisis.
FATF President Marcus Pleyer attended today's G20 meeting during which he highlighted the FATF's recent report on the money laundering and terrorist financing risks of so-called stablecoins. He also stressed the importance of the risk-based FATF Standards during the current global COVID-19 pandemic.
Since the 2017 assessment of Sweden’s measures to tackle money laundering and terrorist financing, and their follow-up report in 2018, the country has taken a number of actions to strengthen its framework.
Since its mutual evaluation in 2019, the People's Republic of China has worked to improve the effectiveness of its national framework to combat money laundering and terrorist financing.
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.
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.
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.
