FATF Plenary week from 13 to 19 February 2016 will focus on terrorist financing

Paris, 12 February 2016. Terrorist financing remains a priority for the Financial Action Task Force (FATF), the global standard-setter to combat money laundering and terrorist financing.

The FATF will meet with private sector and the Counter-ISIL Finance Group.  These meetings will provide valuable information concerning the current state of ISIL financing, the impact of actions taken and the evolving terrorist financing risks.

During the week, and in particular during the Plenary meeting on 17-19 February, delegates will work together to finalise a robust strategy to strengthen the global response to the current terrorist financing threat. 

Other issues on the agenda will be :

  • Reviewing the progress of countries which had not criminalised terrorist financing or had not applied targeted financial sanctions.
  • Considering the guidance for a risk-based approach for money or value transfer services
  • Updating the statements identifying high-risk and non-cooperative jurisdictions.

This Plenary week will bring together delegates representing the more than 190 members of the FATF global network as well as private sector representatives involved in detecting, preventing and disrupting terrorism and terrorist financing and representatives from the Counter-ISIL Finance Group.  

This will be the second Plenary week under the Presidency of Mr. Je-Yoon Shin of Korea. 

Please note that attendance to this event is by invitation only. For further questions, journalists are asked to contact the FATF Secretariat at contact@fatf-gafi.org.

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