FATF Week February 2023

The second Financial Action Task Force (FATF) Plenary under the two-year Singapore Presidency of T. Raja Kumar will take place on 22-24 February and will conclude FATF Week, from 20-24 February 2023. 

Delegates representing 206 members of the Global Network and observer organisations, including the International Monetary Fund, the United Nations, the World Bank, INTERPOL and the Egmont Group of Financial Intelligence Units, will participate in the Working Group and Plenary meetings in Paris during FATF Week. 

Delegates will discuss key issues including changes to the standards to strengthen the beneficial ownership requirements for trusts and legal arrangements. The Plenary will also finalise guidance on improving beneficial ownership transparency to prevent shell companies and other opaque structures from being used to launder illicit funds.

Delegates will also discuss the assessments of measures to combat money laundering and terrorist financing in observer member Indonesia and GCC member Qatar, as well as the progress made by some jurisdictions identified as presenting a risk to the financial system. 

A summary of the Plenary’s decisions will be published on the FATF website following the conclusion of the meeting.

On Friday 24 February, the FATF President will hold a press conference to announce the outcomes of the Plenary after it has ended. The press conference is scheduled for 17:00 CET.

Journalists who wish to attend the press conference, either in person or virtually, should contact the FATF media team at media@fatf-gafi.org.