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
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.
5 Dec 2013
The Middle East and North Africa Financial Action Task Force (MENAFATF) is working towards the application of consistent and rules-based arrangements for the follow-up process to mutual evaluations. In his speech to the MENAFATF Plenary in Bahrain, FATF President Vladimir Nechaev welcomed the progress made by MENAFATF in this area. He stressed that a strong and rigorous long-term follow-up process is key to improving national systems for combating money laundering and terrorist financing. During his remarks at the Plenary, Mr Nechaev also highlighted recent changes and further challenges ahead for the FATF Global Network.
3 Dec 2013
Hawalas and other similar service providers (HOSSPs) arrange for transfer and receipt of funds or equivalent value and settle through trade, cash, and net settlement over a long period of time. What makes them distinct from other money transmitters is their use of non-bank settlement methods. This typology report looks at the extent of their vulnerability to money laundering and terrorist financing.
21 Nov 2013
The Caribbean Financial Action Task Force has identified Belize and Guyana, as jurisdictions with strategic AML/CFT deficiencies that pose a risk to the international financial system. Belize and Guyana are subject a call by CFATF on its members and other jurisdictions to apply counter-measures to protect the international financial system from the on-going and substantial money laundering and terrorist financing (ML/TF) risks emanating from these countries. Domenica has made sufficient progress in addressing deficiencies since the public statement of May 2013.