FATF Annual Report 2013-2014

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Russian Federation


FATF Annual Report: 2013-2014

FATF Annual report 2013-2014.pdf
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FATF Annual Report 2013-2014

Under the Presidency of , the FATF achieved a number of important outcomes this year which are set out in the FATF Annual Report: 2013-2014

New Best Practices Paper - Corruption is an issue of great importance to the international community, including the G20.  This year, the FATF adopted a best practices paper on the Best Practices Paper: The Use of the FATF Recommendations to Combat Corruption .  The FATF developed this paper with direct input from G20 anti-corruption experts, and built on existing work by the FATF. 

Methods and Trends - The FATF also published reports to inform about money laundering and terrorist financing trends and vulnerabilities, such as Terrorist Financing in West Africa,  Money laundering and terrorist financing through trade in diamonds and Risk of terrorist abuse in non-profit organisations. The FATF also published a document setting out the Virtual Currencies: Key Definitions and Potential AML/CFT Risks.

Mutual Evaluation Process - During this Plenary year, the FATF continued its follow-up on the mutual evaluations conducted in the third round.  Twelve countries took sufficient steps to address the deficiencies in their AML/CFT system identified during their third round mutual evaluation. Mutual Evaluation of the Russian Federation: 6th Follow-up Report , and Mutual Evaluation of New Zealand: 2nd Follow-up Report, exited from follow-up in October.  Mutual Evaluation of the Aruba, Kingdom of the Netherlands: 8th Follow-up Report; Mutual Evaluation of Austria: 3rd Follow-up Report, Mutual Evaluation of Canada: 6th Follow-up Report, Mutual Evaluation of Luxembourg: 6th Follow-up Report, Mutual Evaluation of the Netherlands: 2nd Follow-up Report and Mutual Evaluation of Mexico: 7th Follow-up Report exited in February. Mutual Evaluation of Argentina : 11th Follow-Up Report, Outcomes from the meeting of the FATF Plenary, Paris, 25-27 June 2014, Mutual Evaluation of Germany: 3rd Follow-up Report and Mutual Evaluation of Korea: 8th Follow-up Report exited in June 2014.  As the fourth round of assessments commenced during this Plenary year, the FATF End of the 3rd Round of Assessments and Beginning of the 4th Roundregular follow-up in June 2014.