World Bank; Financial Inclusion

This FATF Guidance aims to provide support in designing Anti-Money Laundering and Terrorist Financing (AML/CFT) measures that meet the goal of financial inclusion, without compromising the measures that exist for the purpose of combating crime. The revised Guidance, reflects the changes made to the FATF Recommendations in 2012 and focuses in particular on the reinforcement of the risk-based approach (RBA), as a general and underlying principle of all AML/CFT systems.

MER, Italy

In accordance with the procedures established by FATF, Italy has provided an update on the main legislative developments and the measures adopted to address the deficiencies identified in their mutual evaluation report.

The FATF has updated its public statement issued in October 2012 which identifies jurisdictions with strategic anti-money laundering and countering the financing of terrorism (AML/CFT) deficiencies.

Methodology 2013

The new FATF Methodology will determine whether a country is sufficiently compliant with the 2012 FATF Standards and whether its AML/CFT system is working effectively.

As part of its ongoing review of compliance with the AML/CFT standards, the FATF has identified jurisdictions which have strategic AML/CFT deficiencies for which they have developed an action plan with the FATF.