In her speech Ms. Lagarde highlighted three priorities to build on progress made so far to tackle money laundering and terrorist financing.
During the third Plenary under the Spanish presidency of Juan Manuel Vega-Serrano, delegates will focus on, among other issues, the global response to terrorist financing, improving transparency and beneficial ownership, and the mutual evaluation reports of Ireland and Denmark.
Over 150 representatives from FinTech and RegTech sectors, financial institutions and FATF members and observers discussed significant trends and developments. Participants agreed on five Guiding Principles to promote further constructive dialogue and engagement.
The FATF President and Executive Secretary participated in the G7 Finance Ministers and Central Bank Governors’ meeting in Bari, Italy on 12-13 May 2017.
The FATF has identified jurisdictions with strategic deficiencies in their frameworks to combat money laundering and the financing of terrorism and proliferation.
Jurisdictions for which an FATF call for action applies
Combatting terrorist financing is the top priority for the FATF, the intergovernmental body responsible for understanding terrorist financing risks, developing global standards and evaluating countries' compliance.
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.
What is an effective system to combat money laundering and terrorist financing?
