Documents

20 Oct 2014

President’s Summary of Outcomes from the Experts’ Meeting on Corruption

corruption; G20

The FATF and the G20 Anti-Corruption Working Group jointly organised an Experts' Meeting on Corruption on Saturday, 18 October 2014 to discuss issues of common interest.

16 Oct 2014

Meeting of the FATF Plenary, Paris 22-24 October 2014

The 36 members of the Financial Action Task Group (FATF) and representatives from the FATF-Style Regional Bodies will meet in Paris to discuss the mutual evaluation reports of Norway and Spain and review the implementation of measures taken by countries with weak systems to combat money laundering and terrorist financing. The FATF is also expected to adopt guidance to assist banks applying the risk-based approach and guidance on transparency and beneficial ownership.

15 Oct 2014

The danger of driving both illicit markets and financial exclusion

FATF President Roger Wilkins addresses the issue of ‘de-risking’. Applying FATF’s standards to combat money laundering and countering the financing of terrorism, requires financial institutions to carry out a process of customer due diligence. The standards do not require a rigid, blanket application of that requirement, but specifically call for a proper risk analysis: the risk-based approach. When it comes to innovation, regulators need to be flexible, focusing on dealing with threats and dangers but not at the expense of killing off innovation.

6 Oct 2014

FATF President contributes to global standard-setting bodies' discussion on financial inclusion

Financial inclusion, BCBS

At the 3rd high-level meeting on financial inclusion and global standard-setting bodies on 2 October 2014, FATF President Roger Wilkins AO reiterated FATF's strong commitment to support financial inclusion goals.

19 Sep 2014

Bosnia and Herzegovina: continued lack of progress in anti-money laundering / counter-terrorist financing legislation

The Council of Europe’s anti-money laundering body MONEYVAL adopted, at its 45th plenary meeting, a public statement on the continued lack of progress in Bosnia and Herzegovina,on legislation to address MONEYVAL’s concerns.

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