G20 Finance Ministers and Central Bank Governors today confirmed their commitment to tackling all sources, techniques and channels of money laundering and the financing of terrorism and proliferation.
The Financial Action Task Force is updating its Guidance on the risk-based approach to virtual assets (VAs) and virtual asset service providers (VASPs).
Please provide your response by 20 April 2021 (18:00 UTC).
The FATF organised a webinar to discuss trade-based money laundering, one of the most complex and adaptive methods of money laundering and widely used by many illicit actors to disguise and move the proceeds of crime alongside legitimate trade transactions.
The FATF welcomes input to inform a new project to study and mitigate the unintended consequences resulting from the incorrect implementation of the FATF Standards.
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
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.
