Brussels, 24 March 2014. The Financial Action Task Force (FATF), in coordination with the European Commission, organised a one day seminar on data protection and anti-money laundering/combatting the financing of terrorism (AML/CFT) with the participation of data protection, AML/CFT and private sector experts. The meeting was opened by the FATF President, chaired by the Co-Chairs of the FATF Policy Development Group and closed by the European Commission (DG MARKT), who also hosted the meeting.
The aim of this seminar was to exchange views, map commonalities, including on existing good practices, and to foster a dialogue between all relevant experts at the national, supranational and international level.
Data protection and AML/CFT requirements both aim to protect citizens against abuse and, as participants to the seminar stressed, it is important that both sets of requirements are implemented in a consistent manner. The following topics were also discussed:
The meeting heard presentations from Belgium, Canada, the European Commission, the European Data Protection Supervisor, the European Union Data Protecting Working Party (Art 29), Spain, the United States, GE Capital, Western Union, and the Wolfsberg Group of Banks. The full list of the 56 participating jurisdictions, organisations and private sector bodies is below.
Financial Action Task Force
24 March 2014
Participating jurisdictions, organisations and private sector bodies