The 36 members of the Financial Action Task Group (FATF) and representatives from the FATF Style Regional Bodies met in Rome, under the Presidency of Mr. Giancarlo Del Bufalo of Italy, for the third Plenary under the Italian Presidency.
The FATF sets standards and promotes effective implementation of legal, regulatory and operational measures for combating money laundering, terrorist financing and other related threats to the integrity of the international financial system. The decision making body of the FATF is the FATF Plenary, which is supported by a number of Working Groups.
Some of the issues discussed at the Plenary meeting were:
Following the meeting, the FATF published the key outcomes of the meeting as well as an update concerning high-risk and non-cooperative jurisdictions.