On 1 July, Mr. Vladimir Nechaev of the Russian Federation became the President of the FATF. He succeeded Mr. Bjørn Skogstad Aamo of Norway. Mr. Roger Wilkins of Australia assumed the position of Vice-President of the FATF.
Future assessments will determine how well countries achieve the objective of fighting Money Laundering and the Financing of Terrorism
The FATF Recommendations can also help combat corruption.
adopted February 2012
High-risk and non-cooperative jurisdictions:
- jurisdictions for which an FATF call for action applies
- other monitored jurisdictions
27 Mar 2014
The FATF met with representatives of the private sector on 25 and 26 March 2014 to discuss updates to the guidance on the application of the risk-based approach in their relevant sector. The meeting also provided an opportunity to hear about issues of concern or interest to the private sector.
25 Mar 2014
Discussions at the AML/CFT and Data Protection Experts Seminar, organised by the FATF and hosted by the European Commission, focused on the need for consistency in the anti-money laundering/combating the financing of terrorism (AML/CFT) and data protection requirements and on the importance of effective compliance with FATF Recommendations. Experts on AML/CFT and data protection, as well as relevant private sector experts, met in Brussels on 24 March to exchange views and map common issues.
17 Mar 2014
Mexico has made significant progress in addressing the deficiencies in its anti-money laundering / countering the financing of terrorism regime. As result of this progress, Mexico has been removed from the regular follow-up process. The February 2014 follow-up report to the mutual evaluation of Mexico contains a detailed description and analysis of the actions taken by Mexico to remove the deficiencies identified in the 2008 mutual evaluation report.
17 Feb 2014
In February 2014, the FATF recognised that Canada had made significant progress in addressing deficiencies identified in the February 2008 mutual evaluation report and decided that the country should be removed from the regular follow-up process. This follow-up report provides an overview of the main changes made to the AML/CFT system in Canada since the 2008 mutual evaluation.
14 Feb 2014
The FATF Plenary updated its statements identifying high-risk and non-cooperative jurisdictions. The Plenary adopted the follow-up reports to the mutual evaluations of Aruba (Kingdom of the Netherlands), Austria, Canada, Luxembourg, Mexico and the Netherlands and reviewed the voluntary tax compliance programmes in several jurisdictions.
14 Feb 2014
The FATF has updated its public statement issued in October 2013 which identifies jurisdictions with strategic anti-money laundering and countering the financing of terrorism (AML/CFT) deficiencies.
14 Feb 2014
The FATF identified jurisdictions which have strategic AML/CFT deficiencies for which they have developed an action plan with the FATF. The FATF recognised that Antigua and Barbuda, Bangladesh and Vietnam have made significant progress in improving their AML/CFT regime and will therefore no longer be subject to the FATF’s monitoring process.
31 Jan 2014
This typologies report identifies the ML/TF vulnerabilities and risks of the “diamond pipeline”, which covers all sectors in the diamond trade: production, rough diamond sale, cutting and polishing, jewellery manufacturing and jewellery retailers. The report concludes that the diamonds trade is subject to considerable vulnerabilities and risks.