The new FATF Business Bulletin August 2018 provides a brief update on outcomes from the June 2018 FATF plenary meeting that are relevant for the private sector.
This FATF/APG report analyses the financial flows associated with the fast-growing crime of human trafficking, both as a money laundering predicate and potential source of terrorist financing.
This report provides authorities with the tools and understanding necessary to effectively combat professional money laundering.
It looks at the techniques and tools used by professional money launderers, to help countries identify and dismantle them.
Since its 2017 Mutual Evaluation, Sweden has made progress in addressing deficiencies; the FATF has re-rated the country on 10 of the 40 Recommendations and moved the country from enhanced to regular follow-up.
The FATF is consulting private sector stakeholders on two draft guidance papers to assist in the application of a risk-based approach to anti-money laundering and counter terrorist financing measures. Deadline for comments: 17 August. Click below for more information:
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 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.
