The Financial Action Task Force (FATF) is conducting a review of Recommendation 25 (R.25) on the transparency and beneficial ownership (BO) of legal arrangements.
The seventh and last FATF Plenary under the Presidency of Dr. Marcus Pleyer, met both in person and virtually from 14-17 June. Read the chairman's summary of the discussions which focussed on key issues to help combat money laundering and terrorist financing.
More than 100 experts in financial crime, data protection, and technology gathered at a conference in Berlin to discuss the potential benefits and challenges of digital transformation in the fight against money laundering and terrorist financing.
This Follow-Up Report analyses the United Kingdom's progress in addressing the technical compliance deficiencies identified in its 2018 Mutual Evaluation Report, relating to correspondent banking (Recommendation 13).
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
