Outcomes from the third and last Plenary of the FATF under the U.S. Presidency of Marshall Billingslea.
FATF clarifes how FATF requirements should apply in relation to Virtual Assets and VA Service Providers, in particular with regard to the application of the RBA approach.
This report provides an update on recent FATF outcomes of interest to the private sector, including those from the 2019 Private Sector Consultative Forum. For additional details, please see the FATF public website.
Chaired by the President of the FATF, Marshall Billingslea, over 300 private sector representatives, including from the financial sector, civil society, and FATF members and observers participated in this year’s Private Sector Consultative Forum.
To support financial innovation that is resiliant to money laundering and terrorist financing, the FATF has launched a new platform to share initiatives and developments for the benefit of governments and the private sector more broadly: FATF FinTech and RegTech Initiative
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 and other monitored jurisdictions.
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.
