|Date / FATF Plenary|| ||Type of amendments|| ||Sections subject to amendments|
|Outcomes of the FATF Plenary, 20-22 February 2013|| ||Alignment of the Standards between R.37 and R.40|| |
Insertion of the reference that DNFBP secrecy or confidentiality laws should not affect the provision of mutual legal assistance, except where the relevant information that is sought is held in circumstances where legal professional privilege or legal professional secrecy applies.
|FATF Plenary week from 17 October to 23 October 2015|| ||Revision of the Interpretive Note to R. 5 to address the foreign terrorist fighters threat|| ||Insertion of B.3 to incorporate the relevant element of United Nations Security Council Resolution 2178 which addresses the threat posed by foreign terrorist fighters. This clarifies that Recommendation 5 requires countries to criminalise financing the travel of individuals who travel to a State other than their States of residence or nationality for the purpose of the perpetration, planning, or preparation of, or participation in, terrorist acts or the providing or receiving of terrorist training.|
Existing B.3-11 became B.4-12.
|Outcomes of the Plenary meeting of the FATF, Busan Korea, 22–24 June 2016|| ||Revision of R. 8 and the Interpretive Note to R. 8|| ||Revision of the standard on non-profit organisation (NPO) to clarify the subset of NPOs which should be made subject to supervision and monitoring. This brings INR.8 into line with the FATF Typologies Report on Risk of terrorist abuse in non-profit organisations (June 2014) and the Best Practices on Combating the Abuse of Non-Profit Organisations (June 2015) which clarify that not all NPOs are high risk and intended to be addressed by R.8, and better align the implementation of R.8/INR.8 with the risk-based approach.|
|Outcomes of the Plenary meeting of the FATF, Paris, 19-21 October 2016|| ||Revision of the Interpretive Note to R. 5 and the Glossary definition of 'Funds or other assets'|| ||Revision of the INR.5 to replace “funds” with “funds or other assets” throughout INR.5, in order to have the same scope as R.6. Revision of the Glossary definition of “funds or other assets” by adding references to oil and other natural resources, and to other assets which may potentially be used to obtain funds.|
|Outcomes of the Plenary meeting of the FATF, Valencia, 21-23 June 2017|| ||Revision of the Interpretive Note to R.7 and the Glossary definitions of “Designated person or entity”, “Designation” and “Without delay”|| |
Revision of the INR.7 and consequential revisions of the Glossary definitions of “Designated person or entity”, “Designation” and “Without delay” to bring the text in line with the requirements of recent United Nations Security Council Resolutions and to clarify the implementation of targeted financial sanctions relating to proliferation financing.
|November 2017|| ||Revision of the Interpretive Note to Recommendation 18|| |
Revision of INR.18 to clarify the requirements on sharing of information related to unusual or suspicious transactions within financial groups. It also includes providing this information to branches and subsidiaries when necessary for AML/CFT risk management.
|November 2017|| |
Revision of Recommendation 21
| ||Revision of R. 21 to clarify the interaction of R. 18 requirements with tipping-off provisions.|
|February 2018|| ||Revision of Recommendation 2|| |
Revision of R2 to ensure compatibility of AML/CFT requirements and data protection and privacy rules, and to promote domestic inter-agency information sharing among competent authorities.
|Outcomes FATF Plenary, 17-19 October 2018|| ||Revision of Recommendation 15 and addition of two new definitions in the Glossary|| |
Revision of R.15 and addition of new definitions “virtual asset” and “virtual asset service provider” in order to clarify how AML/CFT requirements apply in the context of virtual assets.
|June 2019|| ||Addition of Interpretive Note to Recommendation 15|| |
Insertion of an Interpretive Note that sets out the application of the FATF Standards to virtual asset activities and service providers.
|Outcomes FATF Plenary, 21-23 October 2020|| ||Revision of Recommendation 1 and Interpretive Note to Recommendation 1|| |
Revision of R. 1 and INR.1 to require countries, financial institutions and DNFBPs to identify and assess the risks of potential breaches, non-implementation or evasion of the targeted financial sanctions related to proliferation financing, as contained in FATF Recommendation 7, and to take action to mitigate these risks.
|Outcomes FATF Plenary, 21-23 October 2020|| ||Revision of Recommendation 2 and a new Interpretive Note to Recommendation 2|| |
Minor consequential amendment in R.2 to insert reference to counter proliferation financing in the context of national co-operation and co-ordination.
Insertion of a new interpretive note that sets out the inter-agency framework to promote domestic co-operation, co-ordination and information exchange
|June 2021|| ||Revision of Interpretive Note15|| |
Revision of INR.15 to clarify the applicability of proliferation financing risk assessment and mitigation requirements to virtual asset activities and service providers.
|October 2021|| |
Revision of the Glossary definition of ‘designated categories of offences’
Revision of the Glossary definition of ‘designated categories of offences’ to clarify the types of offences which fall within the ‘environmental crime’ category.
|October 2021|| ||Revision of INR.22/23, Glossary and consequential edits || |
Revision of R.23 to clarify obligations on DNFBPs to apply group-wide programmes.
Clarification that the Glossary definition of ‘financial group’ is not limited to Core Principles institutions and a minor consequential amendment to INR.26.
Outcomes FATF Plenary, 2-4 March 2022
Outcomes FATF Plenary February 2023
Revision of Recommendation 24, INR.24 and Glossary, and addition of two new definitions in the Glossary
Revision of Recommendation 25, INR.25 and Glossary
R.24 – page 22
INR.24 – pages 91-95
Glossary – pages 118-119 and 128
Revision of R.24 and the Glossary definition.
Addition of new definitions “nominator” and “nominee shareholder or director”, to strengthen the standards on beneficial ownership of legal persons.
R.25, INR 25 and Glossary
Revision of R.25 and the Glossary definitions of “beneficial owner”, “beneficiary” and “legal arrangements”, to strengthen the standards on beneficial ownership of legal arrangements.
|Outcomes FATF Plenary|
| ||Revision of Recommendations 4, 30, 31, 38 and INR.4, INR.30, INR.38 and INR.40 and Glossary|| ||Revision of FATF’s asset recovery Standards and Glossary definitions related to asset recovery|
|Outcomes FATF Plenary|
| ||Revision of Recommendation 8 and INR.8|| ||Clarificatory amendments to R.8 and INR.8 to strengthen the implementation of focused, targeted and risk-based measures on non-profit organisations|