FATF, in collaboration with the Basel Committee on Banking Supervision, has developed an online questionnaire to seek feedback from the private sector about the challenges of cross-border payments and how to address them.
The FATF concluded the four-day annual Joint Experts’ Meeting, attended by approximately 400 experts from both public and private sector around the world. Participants exchanged views about challenges and good practices in the fight against money laundering and terrorist financing.
G20 leaders reiterate their strong commitment to tackle all sources, techniques and channels of money laundering, terrorist financing and proliferation financing. FATF President Marcus Pleyer addressed G20 members in both the G20 Leaders' Summit and the G20 Finance Ministers and Central Bank Governors meeting.
Since the 2018 assessment of Iceland's measures to tackle money laundering and terrorist financing, and their follow-up report in 2019, the country has taken a number of actions to strengthen its framework.
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.
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.
