News

FATF News

  • 27 Jan 2023

    Consolidated assessment ratings An up-to-date overview of the ratings on both effectiveness and technical compliance for all countries assessed against the 2012 FATF Recommendations and using the 2013 Assessment Methodology.
  • 29 Nov 2022

    Money Laundering from Fentanyl and Synthetic Opioids Organised crime groups are fuelling a synthetic opioid crisis that has contributed to hundreds of thousands of drug overdose deaths in the past decade. This report looks at the way proceeds are laundered from synthetic opioids trafficking.
  • 29 Nov 2022

    China's progress in strengthening measures to tackle money laundering and terrorist financing This follow-up report analyses China's progress in addressing the technical compliance deficiencies identified in its 2019 Mutual Evaluation.
  • 28 Nov 2022

    Webinar on Money Laundering through the Real Estate sector This FATF webinar explored how criminals launder the proceeds of crime through the real estate sector and what authorities and the private sector can do to detect and disrupt these financial flows.
  • 17 Nov 2022

    ‘No Money for Terror’ Ministerial Conference on Counter-Terrorism Financing FATF President, T. Raja Kumar's speech at the ‘No Money for Terror’ Ministerial Conference on Counter-Terrorism Financing’ in New Delhi, India.
  • 25 Oct 2022

    Revision of R25 and its Interpretive Note – Public Consultation The Financial Action Task Force is conducting a review of Recommendation 25 and its Interpretive Note (R.25/INR.25) on the transparency and beneficial ownership (BO) of legal arrangements. The FATF is also considering amendment of the definition of beneficial ownership in the glossary, to provide more clarity regarding legal arrangements
  • 25 Oct 2022

    FATF Guidance on Beneficial Ownership Recommendation 24 - Public Consultation The FATF adopted amendments to Recommendation 24 and is working to update guidance on beneficial ownership, with a view to help support the implementation of the new requirements. The FATF now welcomes comments to its updated Guidance paper to Recommendation 24 on the transparency and beneficial ownership of legal persons.
  • 21 Oct 2022

    Outcomes FATF Plenary, 20-21 October 2022 The first Financial Action Task Force FATF Plenary under the two-year Singapore Presidency of T. Raja Kumar took place on 20-21 October 2022.
  • 21 Oct 2022

    High-Risk Jurisdictions subject to a Call for Action – 21 October 2022 High-risk jurisdictions have significant strategic deficiencies in their regimes to counter money laundering, terrorist financing, and financing of proliferation. For all countries identified as high-risk, the FATF calls on all members and urges all jurisdictions to apply enhanced due diligence, and, in the most serious cases, countries are called upon to apply counter-measures to protect the international financial system from the money laundering, terrorist financing, and proliferation financing (ML/TF/PF risks emanating from the country.
  • 21 Oct 2022

    Jurisdictions under Increased Monitoring - 21 October 2022 Jurisdictions under increased monitoring are actively working with the FATF to address strategic deficiencies in their regimes to counter money laundering, terrorist financing, and proliferation financing. Nicaragua and Pakistan are no longer subject to increased monitoring by the FATF.
  • 4 Oct 2022

    Finland's progress in strengthening measures to tackle money laundering and terrorist financing This follow-up report analyses Finland's progress in addressing the technical compliance deficiencies identified in its 2019 Mutual Evaluation.
  • 29 Sep 2022

  • 13 Sep 2022

    Japan's progress in strengthening measures to tackle money laundering and terrorist financing This follow-up report analyses Japan's progress in addressing the technical compliance deficiencies identified in its 2021 Mutual Evaluation.
  • 13 Sep 2022

    FATF and INTERPOL intensify global asset recovery In a joint drive to reinforce and mobilise the community of global experts FATF and INTERPOL held a joint conference bringing together law enforcement agencies, financial intelligence units, asset recovery offices, prosecutors, policy makers, international organizations and private sector industry leaders.
  • 25 Aug 2022

    Germany's measures to combat money laundering and terrorist financing Germany faces significant terrorist financing risks and has a good track record of investigating, prosecuting and disrupting financing activity as part of a holistic approach to combating terrorism.
  • 24 Aug 2022

    The Netherlands' measures to combat money laundering and terrorist financing The Netherlands’ measures to combat money laundering and terrorist financing are delivering good results, but the country needs to do more to prevent legal persons from being used for criminal purposes, strengthen risk-based supervision, and ensure sanctions for money laundering and terrorist financing offences are proportionate and dissuasive.
  • 23 Aug 2022

    Webinar on Beneficial Ownership Transparency of Legal Persons A panel of experts discussed the importance of beneficial ownership transparency of legal person and how the FATF has changed its standards in this area.
  • 28 Jul 2022

    Address by the FATF President to the GAFILAT Virtual Plenary Meeting FATF President addresses the GAFILAT Virtual Plenary Meeting and congratulates GAFILAT on the occasion of their 20th Anniversary.
  • 28 Jul 2022

    FATF Training and Support Activities The FATF conducts training and support activities to strengthen countries’ understanding of the FATF Standards and how they help combat money laundering, terrorist financing and proliferation financing.
  • 28 Jul 2022

    FATF Report to G20 Finance Ministers and Central Bank Governors In February 2018, the FATF agreed a new Operational Plan to take forward the next phase of its work tackling terrorist financing.
  • 28 Jul 2022

    FATF Training and Research Institute TREIN The FATF Training and Research Institute opened its doors in Busan, Korea. The Institute will increase the capacity of all countries to fully and effectively implement sound measures to protect the integrity of the financial system.
  • 26 Jul 2022

    Risk-Based Approach Guidance for the Real Estate Sector - summary of the FATF public consultation The FATF held a public consultation on its draft Guidance for the real estate sector from 7 March until 22 April 2022.
  • 26 Jul 2022

    Risk-based Approach Guidance for the Real Estate Sector Real estate is a popular choice for investment, but it also attracts criminals who use real estate to assist in their illicit activities or to launder their criminal profits. The real estate sector needs to effectively implement measures to detect and prevent money laundering and terrorist financing. This guidance provides real estate professionals, supervisors, regulators and policy-makers with strategies and tools towards a more effective anti-money laundering and counter-terrorist financing system.
  • 22 Jul 2022

    Guidance for a Risk-based Approach for the Real Estate Sector This Guidance on the Risk-Based Approach to combating Money Laundering and Terrorist Financing was developed by the FATF in close consultation with representatives of the real estate industry. The Guidance supports the development of a common understanding of what the risk-based approach involves, outlines the high-level principles involved in applying the risk-based approach, and indicates good public and private sector practice in the design and implementation of an effective risk-based approach.
  • 20 Jul 2022

    Partnering in the Fight Against Financial Crime: Data Protection, Technology and Private Sector Information Sharing This report aims to help jurisdictions responsibly enhance, design and implement information collaboration initiatives among private sector entities, in accordance with data protection and privacy DPP rules.
  • 18 Jul 2022

    FATF President at the G20 Finance Ministers and Central Bank Governors' Meeting, 15-16 July 2022 FATF President T. Raja Kumar's remarks at his first G20 FMCBG Meeting since assuming the Presidency of the FATF.
  • 13 Jul 2022

    Webinar on Money Laundering and Terrorist Financing Risks arising from Migrant Smuggling In this webinar panelists discussed how to better detect smugglers’ illegal money and what state authorities, private sector and NPOs can do in order to fight this illegal business and ensure legal ways of migration for those who seek better opportunities in life.
  • 1 Jul 2022

    Objectives for the FATF during the Singapore Presidency 2022-2024 An overview of the objectives during the Singapore Presidency period July 2022-June 2024 as presented by FATF President T. Raja Kumar to the June 2022 Plenary.
  • 30 Jun 2022

    Targeted Update on Implementation of FATF’s Standards on VAs and VASPs FATF has produced a targeted update on implementation of its Standards on virtual assets and virtual asset service providers, with a focus on FATF’s Travel Rule. This report comes three years after FATF extended its anti-money laundering and counter-terrorist financing (AML/CFT measures to VAs and VASPs to prevent criminal and terrorist misuse of the sector.
  • 23 Jun 2022

    Revision of Recommendation 25 - White Paper for Public Consultation The Financial Action Task Force FATF is conducting a review of Recommendation 25 R.25 on the transparency and beneficial ownership BO of legal arrangements.
  • 17 Jun 2022

    FATF Statement on the Russian Federation The FATF again expresses its deepest sympathies for the people of Ukraine and continues to deplore the huge loss of life and needless destruction caused by the ongoing Russian invasion. The Russian actions run counter to the FATF core principles aiming to promote security, safety and the integrity of the global financial system. They also represent a gross violation of the commitment to international cooperation and mutual respect upon which FATF Members have agreed to implement and support the FATF Standards.
  • 17 Jun 2022

    Outcomes FATF Plenary, 14-17 June 2022 The German government hosted this last Plenary under the two-year German Presidency of Dr Marcus Pleyer, in Berlin. Delegates discussed key issues including a report to prevent money laundering through the real estate sector and a report to help assess and mitigate the money laundering and terrorist financing risks
  • 17 Jun 2022

    High-Risk Jurisdictions subject to a Call for Action - June 2022 High-risk jurisdictions have significant strategic deficiencies in their regimes to counter money laundering, terrorist financing, and financing of proliferation. For all countries identified as high-risk, the FATF calls on all members and urges all jurisdictions to apply enhanced due diligence, and, in the most serious cases, countries are called upon to apply counter-measures to protect the international financial system from the money laundering, terrorist financing, and proliferation financing (ML/TF/PF risks emanating from the country.
  • 17 Jun 2022

    Jurisdictions under Increased Monitoring - June 2022 Jurisdictions under increased monitoring are actively working with the FATF to address strategic deficiencies in their regimes to counter money laundering, terrorist financing, and proliferation financing.
  • 13 Jun 2022

    FATF Conference on Digital Transformation FATF Ministers have identified Digital Transformation as a strategic priority of the FATF. More than 100 experts in financial crime, data protection, and technology gathered at a conference to discuss the potential benefits and challenges of digital transformation in the fight against money laundering and terrorist financing.
  • 10 Jun 2022

    FATF Plenary, June 2022 During four days of meetings, delegates will finalise key issues including a report to prevent money laundering through the real estate sector and a report that will help financial institutions assess and mitigate the money laundering and terrorist financing risks they face.
  • 9 Jun 2022

    The United Kingdom's progress in strengthening measures to tackle money laundering and terrorist financing This follow-up report analyses the United Kingdom's progress in addressing the technical compliance deficiencies identified in its 2018 Mutual Evaluation.
  • 8 Jun 2022

    AML/CFT Digital Strategy for Law Enforcement Authorities The FATF completed work that explores how law enforcement agencies can use technology to successfully investigate money laundering and terrorist financing, mitigate the risks of these crimes, and share information in a secure manner.
  • 1 Jun 2022

    New FATF Executive Secretary On 1 June 2022, Violaine Clerc assumed the role of FATF Executive Secretary of the Financial Action Task Force FATF.
  • 31 May 2022

    New Zealand's progress in strengthening measures to tackle money laundering and terrorist financing This follow-up report analyses New Zealand's progress in addressing the technical compliance deficiencies identified in its 2021 Mutual Evaluation.
  • 24 May 2022

    Israel's progress in strengthening measures to tackle money laundering and terrorist financing This follow-up report analyses Israel's progress in addressing the technical compliance deficiencies identified in its 2018 Mutual Evaluation
  • 17 May 2022

    France's measures to combat money laundering and terrorist financing France has a robust and sophisticated framework to fight money laundering and terrorist financing that is effective in many respects, notably in law enforcement, confiscation areas and international cooperation.
  • 12 May 2022

    Mexico's progress in strengthening measures to tackle money laundering and terrorist financing This follow-up report analyses Mexico's progress in addressing the technical compliance deficiencies identified in its 2018 Mutual Evaluation and since its 2021 follow-up report.
  • 10 May 2022

    Turkey's progress in strengthening measures to tackle money laundering and terrorist financing This follow-up report analyses Turkey's progress in addressing the technical compliance deficiencies identified in its 2019 Mutual Evaluation and since its 2021 follow-up report.
  • 21 Apr 2022

    The future of the Global Network - Strategic Vision The Ministers of the Financial Action Task Force FATF members committed to take swift and decisive action to improve the effectiveness of measures to fight money laundering, terrorist and proliferation financing at their meeting in Washington D.C. today.
  • 21 Apr 2022

    FATF Ministers commit to take decisive action against money laundering, terrorist and proliferation financing Ministers and other top officials from 37 FATF member countries and two regional organisations agreed to strengthen the FATF Global Network, support the FATF system of mutual evaluations, ensure sustainable funding for the FATF to implement its strategic priorities, and leverage digital transformation to better tackle money laundering and terrorist financing.
  • 20 Apr 2022

    FATF Ministerial Meeting On 21 April, Ministers of the Financial Action Task Force will meet to discuss the role of the FATF in taking action against the crimes that impact our society and threaten global security.
  • 19 Apr 2022

    Report on the State of Effectiveness and Compliance with the FATF Standards This landmark report gives a comprehensive overview of the state of global efforts to tackle money laundering, terrorist and proliferation financing. It is based on data from FATF and FSRB mutual evaluation reports since 2013, which assessed the strengths and weaknesses of national frameworks to tackle these crimes.
  • 22 Mar 2022

    Money Laundering and Terrorist Financing Risks Arising from Migrant Smuggling This report identifies the most common methods to transfer and launder the proceeds of migrant smuggling and provides several recommendations and good practices to better identify and investigate these criminal proceeds.
  • 10 Mar 2022

    The FATF Recommendations The FATF Recommendations are the basis on which all countries should meet the shared objective of tackling money laundering, terrorist financing and the financing of proliferation. The FATF calls upon all countries to effectively implement these measures in their national systems.
  • 3 Mar 2022

    Outcomes FATF Plenary, 2-4 March 2022 Delegates representing the 206 members of the Global Network and observer organisations met for four days of meetings. The majority of participants were able to travel to meet in person in Paris due to gradual easing of COVID-19 related restrictions in many countries.
  • 3 Mar 2022

    FATF Public Statement on the Situation in Ukraine The FATF expresses deep sorrow due to the loss of people’s lives in connection with the tragic developments in Ukraine.
  • 3 Mar 2022

    Jurisdictions under Increased Monitoring - March 2022 Jurisdictions under increased monitoring are actively working with the FATF to address strategic deficiencies in their regimes to counter money laundering, terrorist financing, and proliferation financing.
  • 3 Mar 2022

    High-Risk Jurisdictions subject to a Call for Action - March 2022 High-risk jurisdictions have significant strategic deficiencies in their regimes to counter money laundering, terrorist financing, and financing of proliferation. For all countries identified as high-risk, the FATF calls on all members and urges all jurisdictions to apply enhanced due diligence, and, in the most serious cases, countries are called upon to apply counter-measures to protect the international financial system from the money laundering, terrorist financing, and proliferation financing (ML/TF/PF risks emanating from the country.
  • 3 Mar 2022

    Public Consultation on the FATF Risk-Based Guidance to the Real Estate Sector The Financial Action Task Force FATF is considering proposals for the update of the FATF Risk Based Guidance to the Real Estate Sector.
  • 3 Mar 2022

    Public Statement on revisions to R.24 The revisions to Recommendation 24 will require countries to follow a risk-based approach and consider the risks of legal persons in their countries. The adopted changes to Recommendation 24 will significantly strengthen the global response to tackling concealment of beneficial ownership of legal persons.
  • 28 Feb 2022

    FATF Plenary, March 2022 During the four days of meetings delegates will discuss key issues, including revisions to the FATF Recommendations to strengthen transparency of beneficial ownership information, a priority for the FATF and the international community.
  • 9 Feb 2022

    Ireland's progress in strengthening measures to tackle money laundering and terrorist financing This follow-up report sets out the progress that Ireland has made in improving its level of compliance with the FATF standards, since their 2017 mutual evaluation and 2019 follow-up report.
  • 6 Dec 2021

    FATF High-Level Conference on Environmental Crime A summary of the FATF's High-level Conference on Environmental Crime
  • 30 Nov 2021

    Turkey's progress in strengthening measures to tackle money laundering and terrorist financing This follow-up report analyses Turkey's progress in addressing the technical compliance deficiencies identified in its 2019 Mutual Evaluation.
  • 25 Nov 2021

    FATF Webinar on Proliferation Financing Risk Assessment and Mitigation FATF organised a webinar that builds on its Guidance Proliferation Financing Risk Assessment and Mitigation. the webinar brought together panelists from public and private sectors with a global and domestic focus on tackling the financing of the proliferation of weapons of mass destruction.
  • 23 Nov 2021

    FATF Annual Report 2020-2021 An overview of the FATF's achievements under the first year of Dr. Marcus Pleyer's Presidency 2020-2021.
  • 9 Nov 2021

    The Application of Group-Wide Programmes by Non-Financial Business and Professions These Explanatory Materials accompany FATF's minor amendments to its Standards with respect to designated non-financial businesses and professions.
  • 28 Oct 2021

    Updated Guidance for a Risk-Based Approach to Virtual Assets and Virtual Asset Service Providers This updated guidance forms part of the FATF’s ongoing monitoring of the virtual assets and VASP sector.
  • 27 Oct 2021

    Digital Transformation of AML/CFT for Operational Agencies In October 2021, the FATF and the Egmont Group of Financial Intelligence Units completed a project to explore how financial intelligence units can leverage technology to strengthen their operations.
  • 27 Oct 2021

    Mitigating the Unintended Consequences of the FATF Standards The FATF launched a project to study and mitigate the unintended consequences resulting from the incorrect implementation of the FATF Standards. At its October 2021 meeting, the Financial Action Task Force FATF Plenary agreed to publish a High Level Synopsis of this Stocktake.
  • 27 Oct 2021

    Digital Transformation of AML/CFT The FATF is exploring the opportunities that technology can offer to improve anti-money laundering AML and counter-terrorist financing CFT efforts.
  • 25 Oct 2021

    FATF Methodology for assessing compliance with the FATF Recommendations and the effectiveness of AML/CFT systems The FATF Methodology for assessing compliance with the FATF Recommendations and the effectiveness of AML/CFT systems sets out the evaluation process.
  • 22 Oct 2021

    Cross Border Payments - Survey Results on Implementation of the FATF Standards Enhancing cross-border payments is a key priority of FATF and of the G20.
  • 21 Oct 2021

    FATF Public Statement on the Situation in Afghanistan In light of recent events in Afghanistan, the FATF, as the global standard setting body for anti-money laundering and counter-terrorist financing, expresses its concern about the current and evolving money laundering and terrorist financing risk environment in the country.
  • 21 Oct 2021

    Outcomes FATF Plenary, 19-21 October 2021 During the three days of this hybrid FATF Plenary, delegates from the Global Network and observer organisations finalised work in a number of important areas, including an updated guidance for a risk-based approach to virtual assets and virtual asset service providers.
  • 21 Oct 2021

    Public Statement on Pandora Papers The Financial Action Task Force has noted the revelations in news reports, dubbed the Pandora papers The FATF will continue to work to improve corporate and financial transparency to prevent money laundering, terrorist financing and proliferation financing.
  • 21 Oct 2021

    FATF Public Statement on the Financing of ISIL, Al Qaeda and Affiliates The FATF continues its strategic focus on countering terrorist financing and continues to gather and share information on the financing of ISIL, Al-Qaeda and their affiliates.
  • 21 Oct 2021

    Revisions to Recommendation 24 and its Interpretive Note - Public Consultation The Financial Action Task Force FATF is considering proposals for amendments to Recommendation 24 and its Interpretive Note on the transparency and beneficial ownership of legal persons. These amendments seek to reinforce the Recommendation to ensure greater transparency about the beneficial ownership of legal persons, and take action to mitigate the risks.
  • 21 Oct 2021

    Jurisdictions under Increased Monitoring - October 2021 Jurisdictions under increased monitoring are actively working with the FATF to address strategic deficiencies in their regimes to counter money laundering, terrorist financing, and proliferation financing.
  • 21 Oct 2021

    High-Risk Jurisdictions subject to a Call for Action - October 2021 High-risk jurisdictions have significant strategic deficiencies in their regimes to counter money laundering, terrorist financing, and financing of proliferation. For all countries identified as high-risk, the FATF calls on all members and urges all jurisdictions to apply enhanced due diligence, and, in the most serious cases, countries are called upon to apply counter-measures to protect the international financial system from the money laundering, terrorist financing, and proliferation financing (ML/TF/PF risks emanating from the country.
  • 18 Oct 2021

    FATF Plenary, October 2021 During the three days of this hybrid FATF Plenary, delegates will discuss key issues to strengthen global action against the financial flows that fuel crime and terrorism.
  • 14 Oct 2021

    Marcus Pleyer speaks at Fourth G20 Finance Ministers and Central Bank Governors meeting, 13 October 2021 Marcus Pleyer insists that we must make more progress on BO transparency and strengthening standards. He urges G20 countries to implement revised FATF Standards on Virtual Assets and the Travel Rule.
  • 7 Oct 2021

    South Africa's measures to combat money laundering and terrorist financing South Africa's measures to combat money laundering and terrorist financing are delivering results
  • 6 Oct 2021

    China's progress in strengthening measures to tackle money laundering and terrorist financing This follow-up report analyses China's progress in addressing the technical compliance deficiencies identified in its 2019 Mutual Evaluation.
  • 5 Oct 2021

    Finland's progress in strengthening measures to tackle money laundering and terrorist financing This follow-up report analyses Finland's progress in addressing the technical compliance deficiencies identified in its 2019 Mutual Evaluation.
  • 1 Oct 2021

    Canada's progress in strengthening measures to tackle money laundering and terrorist financing This follow-up report analyses Canada's progress in addressing the technical compliance deficiencies identified in its 2016 Mutual Evaluation.
  • 17 Sep 2021

    Webinar on Money Laundering from Environmental Crime FATF is organising a webinar that builds on its publication on money laundering from environmental crime. Panellists from civil society, private and public sectors will discuss how to fix the gaps in our systems to protect the environment and preserve the world’s natural resources.
  • 6 Sep 2021

    Iceland's progress in strengthening measures to tackle money laundering and terrorist financing This follow-up report analyses Iceland's progress in addressing the technical compliance deficiencies identified in its 2018 Mutual Evaluation.
  • 30 Aug 2021

    Japan's measures to combat money laundering and terrorist financing Japan’s measures to combat money laundering and terrorist financing are delivering results, but the country needs to prioritise efforts in certain areas to improve the effectiveness of the Japanese anti-money laundering and counter terrorist financing (AML/CFT framework.
  • 5 Jul 2021

    Second 12-Month Review of Revised FATF Standards - Virtual Assets and VASPs This review looks at how jurisdictions and the private sector have implemented the revised Standards since the FATF’s first 12-month review. It also looks at changes in the typologies, risks and the market structure of the virtual assets sector.
  • 1 Jul 2021

    Opportunities and Challenges of New Technologies for AML/CFT This FATF report aims to increase awareness of and identify opportunities to leverage emerging and existing technology-based solutions. It identifies the conditions, policies and practices that can help support the development and adoption of new technologies that contribute to the efficiency and effectiveness of AML/CFT.
  • 1 Jul 2021

    Stocktake on Data Pooling, Collaborative Analytics and Data Protection This report examines commercially available or emerging technologies that facilitate advanced AML/CFT analytics within regulated entities. It also looks at technologies that allow collaborative analytics between financial institutions, while respecting national and international data privacy and protection legal frameworks.
  • 30 Jun 2021

    Ethnically or Racially Motivated Terrorism Financing This report aims to increase the understanding of terrorist financing risks related to extreme right wing actors. It encourages countries to continue to develop their understanding of this increasingly transnational criminal activity, including by considering ethnically or racially motivated terrorism financing in their national risk assessments.
  • 29 Jun 2021

    Guidance on Proliferation Financing Risk Assessment and Mitigation The FATF Guidance on Proliferation Financing Risk Assessment and Mitigation will help countries, financial institutions, designated non-financial businesses and professions DNFBPs and virtual asset service providers effectively implement FATFs requirements to identify, assess, understand and mitigate their proliferation financing risks.
  • 28 Jun 2021

    Money Laundering from Environmental Crime This report looks at the methods that criminals use to launder the proceeds of environmental crime. When properly implemented, the FATF Recommendations provide effective tools to go after these illicit financial flows.
  • 25 Jun 2021

    Outcomes FATF Plenary, 20-25 June 2021 During this 5-day virtal Plenary delegates from the Global Network and observer organisations discussed key issues to strengthen global action against the financial flows that fuel crime and terrorism. These included the mutual evaluation of South Africa and Japan.
  • 25 Jun 2021

    High-Risk Jurisdictions subject to a Call for Action - June 2021 High-risk jurisdictions have significant strategic deficiencies in their regimes to counter money laundering, terrorist financing, and financing of proliferation. For all countries identified as high-risk, the FATF calls on all members and urges all jurisdictions to apply enhanced due diligence, and in the most serious cases, countries are called upon to apply counter-measures to protect the international financial system from the ongoing money laundering, terrorist financing, and proliferation financing risks emanating from the country.
  • 25 Jun 2021

    Jurisdictions under Increased Monitoring - June 2021 Jurisdictions under increased monitoring are actively working with the FATF to address strategic deficiencies in their regimes to counter money laundering, terrorist financing, and proliferation financing.
  • 25 Jun 2021

    Revisions to Recommendation 24 - White Paper for Public Consultation The FATF is considering a number of potential changes to Recommendation 24, including the potential for updates in the areas set out below. FATF’s work in this area is ongoing, and will benefit from hearing views from stakeholders, including companies and other legal persons, financial institutions, designated non-financial businesses and professions DNFBPs, and non-profit organisations. This public consultation is now closed.
  • 15 Jun 2021

    Mexico's progress in strengthening measures to tackle money laundering and terrorist financing This follow-up report analyses Mexico's progress in addressing the technical compliance deficiencies identified in its 2018 Mutual Evaluation report.
  • 2 Jun 2021

    Environmental Crime FATF's work on money laundering from environmental crimes aims to raise awareness about the financial flows that fuel crimes such as illegal logging, illegal wildlife trade and waste trafficking.
  • 31 May 2021

    Money laundering and terrorist financing risks The effectiveness of measures to combat money laundering and terrorist financing depend on a country's assessment and understanding of the risks it is exposed to, and the extent to which it has mitigated these risks. This page includes examples of published national risk assessments NRAs and regional risk assessments.
  • 29 Apr 2021

    New Zealand's measures to combat money laundering and terrorist financing New Zealand’s measures to combat money laundering and terrorist financing are delivering good results, but the country needs to focus more on improving the availability of beneficial ownership information, strengthening supervision and implementation of targeted financial sanctions.
  • 23 Apr 2021

    Webinar on Risk-Based Supervision FATF organised a webinar with key speakers from around the world, to discuss the challenges of effective supervision.
  • 8 Apr 2021

    Marcus Pleyer speaks at Second G20 Finance Ministers and Central Bank Governors Meeting, 7 April 2021 FATF President, Marcus Pleyer, commends the Italian G20 presidency's hard work to ensure economic recovery but warns against the dangers of illicit financial flows.
  • 8 Apr 2021

    G20 confirm their support for the FATF as the global standard-setter to prevent money laundering, terrorist financing and proliferation financing. The G20 supports the FATF as global standard-setter to prevent money laundering, terrorist financing and proliferation financing.
  • 8 Apr 2021

    Joint meeting of the FATF and the G20 Anti-Corruption Working Group FATF and G20 Anti-Corruption Working Group's joint meeting on improving beneficial ownership transparency.
  • 18 Mar 2021

    Public consultation on FATF draft guidance on a risk-based approach to virtual assets and virtual asset service providers The FATF is updating its Guidance on the risk-based approach to virtual assets VAs and virtual asset service providers VASPs.
  • 17 Mar 2021

    Webinar: Trade-Based Money Laundering This webinar, aimed at public and private sector representatives, will discuss the most recent trade-based money laundering trends and developments.
  • 14 Mar 2021

    High Level Roundtable for Data Pooling, Analysis and Data Protection, 10-11 March 2021 Summary of the high-level roundtable with AML/CFT supervisors and data protection authorities to discuss data pooling, analysis and data protection in the context of the fight against money laundering and terrorist financing.
  • 11 Mar 2021

    Trade-Based Money Laundering: Risk Indicators The trade-based money laundering: risk indicators supplement the trade-based money laundering: trends and developments report and will help public and private sector identify possible trade-based money laundering.
  • 3 Mar 2021

    Guidance on Risk-Based Supervision This Guidance on risk-based supervision will help supervisors address the full spectrum of risks and focus resources where the risks are highest. The risk-based approach will make supervisors' efforts to detect and prevent the financial flows that fuel crime and terrorism more effective.
  • 1 Mar 2021

    Speech at the Chatham House Illicit Financial Flows Conference, 1-2 March 2021 FATF, as the global body responsible for AML, makes clear the link between preventive measures like customer due diligence, and the crimes those measures are intended to prevent and detect, such as people trafficking and the wildlife trade.
  • 28 Feb 2021

    Public Consultation on FATF Guidance on Proliferation Financing Risk Assessment and Mitigation FATF is developing Guidance to help both public and private sectors in implementing the new requirements defined in Recommendation 1 and its Interpretive Note. The Guidance seeks to assist both sectors in conducting a risk assessment in the context of proliferation financing, and applying corresponding risk mitigation measures. The public consultation is now closed.
  • 26 Feb 2021

    Remarks at the G20 Finance Ministers and Central Bank Governors Meeting, 26 February FATF President Marcus Pleyer commends the G20 Italian Presidency's determination to make better use of digitalisation in financial services, and calls on the G20 to step up the fight against illicit financial flows by fully and effectively implementing FATF standards.
  • 25 Feb 2021

    High-Risk Jurisdictions subject to a Call for Action - February 2021 High-risk jurisdictions have significant strategic deficiencies in their regimes to counter money laundering, terrorist financing, and financing of proliferation. For all countries identified as high-risk, the FATF calls on all members and urges all jurisdictions to apply enhanced due diligence, and in the most serious cases, countries are called upon to apply counter-measures to protect the international financial system from the ongoing money laundering, terrorist financing, and proliferation financing risks emanating from the country.
  • 25 Feb 2021

    Jurisdictions under Increased Monitoring - February 2021 Jurisdictions under increased monitoring are actively working with the FATF to address strategic deficiencies in their regimes to counter money laundering, terrorist financing, and proliferation financing.
  • 24 Feb 2021

    Outcomes FATF Plenary, 22, 24 and 25 February 2021 During the second Plenary meeting under the German Presidency of Marcus Pleyer, delegates worked through an agenda of key issues, including the New Zealand Mutual Evaluation and the progress made by some jurisdictions identified as presenting a risk to the financial system.
  • 19 Feb 2021

    Procedures for the FATF Fourth Round of AML/CFT Mutual Evaluations This document sets out the procedures that are the basis for the fourth round of mutual evaluations which involves two inter-related components for technical compliance and effectiveness. Adopted in 2013, these Procedures were amended in January 2021.
  • 18 Feb 2021

    Consolidated Processes and Procedures for Mutual Evaluations and Follow-Up Universal Procedures The set of core elements that apply to all anti-money laundering and counter-terrorist financing assessments, in accordance with the FATF 2013 Methodology. These procedures were last revised in October 2019.
  • 16 Feb 2021

    Denmark's progress in strengthening measures to tackle money laundering and terrorist financing This follow-up report analyses Denmark's progress in addressing the technical compliance deficiencies identified in its 2017 Mutual Evaluation and ensuing 2018 and 2019 Follow-Up Reports.
  • 18 Jan 2021

    Covid-19 and the Changing Money Laundering and Terrorist Financing Risk Landscape FATF Executive Secretary, David Lewis, addressed the MENA RegTech Virtual Executive Boardroom and shared insights on Covid-19 and the changing Money Laundering and Terrorist Financing Risk Landscape.
  • 18 Dec 2020

    FATF removes The Bahamas from the list of Jurisdictions under Increased Monitoring The Bahamas is no longer subject to the FATF’s increased monitoring process. The Bahamas will continue to work with CFATF to improve further its AML/CFT regime.
  • 16 Dec 2020

    Update: COVID-19-Related Money Laundering and Terrorist Financing Risks The range of COVID-19-related crimes, identified in May 2020, have evolved as criminals continue to exploit the crisis.
  • 9 Dec 2020

    Opening remarks at Trade-Based Money Laundering Press Conference Remarks by FATF President Marcus Pleyer at the press conference on the launch of the FATF-Egmont Group report Trade-Based Money Laundering.
  • 9 Dec 2020

    FATF/Egmont Trade-based Money Laundering: Trends and Developments Using numerous case studies from around the FATF’s Global Network, this new FATF-Egmont Group report aims to help public and private sector with the challenges of detecting trade-based money laundering.
  • 1 Dec 2020

    FATF President speaks at annual Israel Money Laundering and Terror Financing Prohibition Authority IMPA Conference FATF President Marcus Pleyer, speaking at the annual IMPA conference, marks the 20th anniversary of the Israeli anti-money laundering law and the second anniversary of Israel's membership of the FATF.
  • 29 Nov 2020

    Private Sector Business Bulletin The FATF regularly produces a brief update that highlights the FATF’s decisions and new products that are particularly relevant to the private sector.
  • 26 Nov 2020

    Joint Experts’ Meeting 23-26 November 2020 Experts from various governments around the world as well as international organisations, private sector and civil society shared views and insights during four days of meetings. These events allow the FATF to better understand the challenges they are facing and to design the tools and mechanisms that will be most effective in the fight against money laundering and terrorist financing.
  • 22 Nov 2020

    G20 Leaders support the FATF’s work to address money laundering and terrorist financing risks G20 leaders participating in the Riyadh Summit, reiterated their support to the FATF as the global standard-setting body to prevent money laundering, terrorist financing and proliferation financing. In his remarks to G20 Leaders, FATF President Marcus Pleyer said that these crimes undermine just competition, hamper growth, deepen inequality, and erode confidence in the integrity of the global financial system.
  • 20 Nov 2020

    FATF President's remarks to G20 Finance Ministers and Central Bank Governors meeting The FATF Standards help governments to contain the economic vulnerabilities associated with financial crime. World leaders need to keep the fight against money laundering high on their agendas.
  • 17 Nov 2020

    Iceland's progress in strengthening measures to tackle money laundering and terrorist financing This follow-up report analyses Iceland’s progress in addressing the technical compliance deficiencies identified in its 2018 Mutual Evaluation and ensuing 2019 Follow-Up Report.
  • 16 Nov 2020

    Opening Remarks by FATF Executive Secretary at V20 Summit The FATF will not tolerate jurisdictions leaving loopholes in VASP regulations that criminals can exploit. We assess countries against global standards and will not shy away from identifying those who expose financial systems to risks.
  • 23 Oct 2020

    The importance of allocating sufficient resources to AML/CFT regimes during the COVID-19 pandemic The FATF, its members and observers, the FATF-style regional bodies and members of the global network are continuing to work together to understand the impacts of the pandemic on money laundering, terrorist financing and on the operation of anti-money laundering and counter-terrorist financing (AML/CFT) systems
  • 23 Oct 2020

    Outcomes FATF Plenary, 21-23 October 2020 During the first Plenary meeting under the German Presidency of Marcus Pleyer, delegates worked through an agenda of key issues, including maintaining FATF work during the COVID-19 Crisis.
  • 23 Oct 2020

    Jurisdictions under Increased Monitoring – 23 October 2020 Jurisdictions under increased monitoring are actively working with the FATF to address strategic deficiencies in their regimes to counter money laundering, terrorist financing, and proliferation financing. Iceland and Mongolia are no longer subject to monitoring.
  • 23 Oct 2020

    Public Statement on Counter Proliferation Financing The Financial Action Task Force adopted amendments to Recommendations 1 and 2 and their Interpretive Notes and to Recommendation 7.
  • 23 Oct 2020

    High-Risk Jurisdictions subject to a Call for Action – 23 October 2020 High-risk jurisdictions have significant strategic deficiencies in their regimes to counter money laundering, terrorist financing, and financing of proliferation. For all countries identified as high-risk, the FATF calls on all members and urges all jurisdictions to apply enhanced due diligence, and in the most serious cases, countries are called upon to apply counter-measures to protect the international financial system from the ongoing money laundering, terrorist financing, and proliferation financing risks emanating from the country.
  • 22 Oct 2020

    FATF President's remarks to G20 Anti-Corruption Ministerial FATF President Marcus Pleyer demonstrates how by tackling money laundering, the global financial system tackles corruption. As the first international body to define and regulate cryptocurrenciesn, FATF will continue to monitor emerging threats and advise on effective policy responses.
  • 22 Oct 2020

    G20 recognises the role of the FATF in the fight against corruption The G20 Anti-Corruption Ministerial highlighted the importance of international anti-corruption standards, including the FATF Recommendations, in the global fight against corruption
  • 14 Oct 2020

    FATF President's remarks to G20 Finance Ministers and Central Bank Governors meeting FATF President Marcus Pleyer emphasised the importance of the risk-based approach FATF Standards, particularly during the COVID-19 pandemic. He also highlighted the FATF Report to the G20 on so-called stablecoins, which concludes that the FATF's binding standards for virtual assets and virtual asset service providers, also clearly apply to so-called stablecoins.
  • 14 Oct 2020

    G20 supports the FATF’s work to address money laundering and terrorist financing risks arising from the COVID-19 pandemic and so-called stablecoins G20 Finance Ministers and Central Bank Governors today welcomed the efforts of the FATF to identify the money laundering and terrorist financing risks that have arisen during the COVID-19 pandemic and to address risks relating to virtual assets and so-called ‘stablecoins’.
  • 2 Oct 2020

    Sweden's progress in strengthening measures to tackle money laundering and terrorist financing Since its mutual evaluation in 2017, Sweden has worked to improve the effectiveness of its national framework to combat money laundering and terrorist financing.
  • 1 Oct 2020

    China's progress in strengthening measures to tackle money laundering and terrorist financing Since its mutual evaluation in 2019, China has worked to improve the effectiveness of its national framework to combat money laundering and terrorist financing.
  • 30 Sep 2020

    FATF Annual Report 2019-2020 An overview of the FATF's achievements under the Presidency of Xiangmin Liu of China 1 July 2019 - 30 June 2020.
  • 23 Sep 2020

    FATF statement following unauthorised disclosure of confidential FinCEN documents Money laundering fuels serious crime and terrorism, and undermines the integrity of the global financial system. The global community needs to unwaveringly confront this serious threat to prevent it from eroding trust in the fairness of competition and our economies as a whole.
  • 18 Sep 2020

    ACAMS - WWF Webinar FATF President Dr. Marcus Pleyer calls on both public and private sector to increase vigilance and response to the financial threats posed by the illegal wildlife trade and announces further FATF work on other forms of environmental crimes.
  • 17 Sep 2020

    Speech by FATF President at 2020 Chairmanship OSCE-Wide Counter-Terrorism Conference FATF President Dr. Marcus Pleyer sets out the work the FATF does to combat terrorist financing, and highlights the three-pronged approach to strengthen countries’ ability to prevent, detect, disrupt, investigate, and prosecute the financing of terrorism. During his remarks, Dr. Pleyer also emphasized the importance of public-private partnerships.
  • 14 Sep 2020

    Virtual Assets Red Flag Indicators of Money Laundering and Terrorist Financing The FATF has identified red flag indicators that will help detect whether virtual assets are being used for criminal activity. It will help private sector detect and report suspicious transactions and provide useful information for financial intelligence units, law enforcement agencies, prosecutors and regulators to analyse suspicious transaction reports or monitor compliance with anti-money laundering and counter-terrorist financing controls.
  • 20 Aug 2020

    Address by the FATF President to the GAFILAT Virtual Plenary Meeting Address by the FATF President, Marcus Pleyer, to the GAFILAT virtual Plenary Meeting.
  • 31 Jul 2020

    The Impact of COVID-19 on the Detection of Money Laundering and Terrorist Financing, 31 July 2020 FATF organised a webinar, with a panel of experts from both the public and private sector that focused on the Impact of COVID-19 on the detection of money laundering and terrorist financing.
  • 27 Jul 2020

    COVID-19 and the Changing Money Laundering and Terrorist Financing Risk Landscape, 30 July 2020 FATF organised a webinars with a panel of experts from both the public and private sector on COVID-19 and the Changing Money Laundering and Terrorist Financing Risk Landscape. Watch the video of this webinar.
  • 24 Jul 2020

    FATF Webinar on Money Laundering and the Illegal Wildlife Trade FATF webinar to discuss the main money laundering trends linked to the the Illegal Wildlife Trade, as well as practical examples of how governments, the private sector and civil society can tackle Money Laundering from the illegal wildlife trade.
  • 7 Jul 2020

    12 Month Review of Revised FATF Standards - Virtual Assets and VASPs This report sets out the findings of the 12-month review undertaken by the FATF to measure how jurisdictions and the private sector have implemented the revised Standards
  • 7 Jul 2020

    FATF Report to G20 on So-called Stablecoins This report sets out the FATF’s views on so-called stablecoins following the G20 request to consider the anti-money laundering and counter-terrorism financing issues relating to so-called stablecoins
  • 1 Jul 2020

    Objectives for the FATF during the German Presidency 2020-2022 An overview of the objectives during the German Presidency period July 2020-June 2022, as presented by FATF President Marcus Pleyer to the Virtual Plenary in June 2020.
  • 30 Jun 2020

    Xiangmin Liu's End of Presidency Statement Xiangmin Liu from China was the FATF President from 2019-2020. He was the last President to hold a one-year tenure.
  • 30 Jun 2020

    Outcomes FATF Virtual Plenary, 24 June 2020 During the third and last Plenary meeting under the Chinese Presidency of Xiangmin Liu, delegates worked through an agenda of key issues, reflecting the decision the FATF took in April this year, to extend its assessment and follow-up process deadlines.
  • 30 Jun 2020

    High-Risk Jurisdictions subject to a Call for Action – 30 June 2020 High-risk jurisdictions have significant strategic deficiencies in their regimes to counter money laundering, terrorist financing, and financing of proliferation. For all countries identified as high-risk, the FATF calls on all members and urges all jurisdictions to apply enhanced due diligence, and in the most serious cases, countries are called upon to apply counter-measures to protect the international financial system from the ongoing money laundering, terrorist financing, and proliferation financing risks emanating from the country.
  • 30 Jun 2020

    Jurisdictions under Increased Monitoring – 30 June 2020 Jurisdictions under increased monitoring are actively working with the FATF to address strategic deficiencies in their regimes to counter money laundering, terrorist financing, and proliferation financing.
  • 30 Jun 2020

    Public consultation on FATF's Recommendation 1 and its Interpretive Note The FATF is considering proposals for amendments to Recommendation 1 and its Interpretive Note and is seeking comments.
  • 25 Jun 2020

    Money Laundering and the Illegal Wildlife Trade This study identifies the common methods being used by wildlife traffickers to launder their money, and highlights proposed actions that countries and the private sector can take to combat this trade.
  • 7 May 2020

    FATF focus on COVID-19 FATF focus on addressing the money laundering and terrorist financing threats and vulnerabilities emerging from the COVID-19 pandemic.
  • 4 May 2020

    Annual Report 2018-2019 An overview of the FATF's achievements under the Presidency of Marshall Billingslea of the United States 1 July 2018 - 30 June 2019.
  • 4 May 2020

    COVID-19-related Money Laundering and Terrorist Financing Risks and Policy Responses The COVID-19 pandemic has led to unprecedented global challenges, human suffering and economic disruption and an increase in COVID-19-related crimes. This paper identifies challenges, good practices and policy responses to new money laundering and terrorist financing threats and vulnerabilities arising from the COVID-19 crisis.
  • 30 Apr 2020

    United Arab Emirates' measures to combat money laundering and terrorist financing The United Arab Emirates recently strengthened its legal framework to fight money laundering and terrorist financing but, as a major global financial centre and trading hub, it must take urgent action to effectively stop the criminal financial flows that it attracts. The FATF-MENAFATF joint mutual evaluation assessed the compliance of the UAE's measures with the FATF Recommendations and their effectiveness to combat money laundering, terrorist financing and proliferation financing.
  • 28 Apr 2020

    FATF extends its assessment and follow-up deadlines in response to COVID-19 The FATF Plenary has agreed to temporarily postpone all remaining FATF mutual evaluations and follow-up deadlines.
  • 16 Apr 2020

    Korea's measures to combat money laundering and terrorist financing Since its last assessment in 2008, Korea has significantly strengthened its AML/CFT framework which is now delivering good results. The country needs to strengthen its AML/CFT framework to address tax crimes, non-financial businesses and professions and politically exposed persons.
  • 1 Apr 2020

    Statement by the FATF President: COVID-19 and measures to combat illicit financing The FATF stands ready to provide further AML/CFT guidance to support the current global efforts to tackle the COVID 19 crisis and its effects.
  • 31 Mar 2020

    United States' progress in strengthening measures to tackle money laundering and terrorist financing Since its mutual evaluation in 2016, the United States has worked to improve the effectiveness of its national framework to combat money laundering and terrorist financing.
  • 5 Mar 2020

    Guidance on Digital ID A robust digital ID can allow individuals without a traditional identification to nonetheless have a robust form of identification to access financial services and improve financial inclusion.
  • 21 Feb 2020

    Jurisdictions under Increased Monitoring – 21 February 2020 Jurisdictions under increased monitoring are actively working with the FATF to address strategic deficiencies in their regimes to counter money laundering, terrorist financing, and proliferation financing. Trinidad and Tobago is no longer subject to monitoring.
  • 21 Feb 2020

    High-Risk Jurisdictions subject to a Call for Action – 21 February 2020 High-risk jurisdictions have significant strategic deficiencies in their regimes to counter money laundering, terrorist financing, and financing of proliferation. For all countries identified as high-risk, the FATF calls on all members and urges all jurisdictions to apply enhanced due diligence, and in the most serious cases, countries are called upon to apply counter-measures to protect the international financial system from the ongoing money laundering, terrorist financing, and proliferation financing risks emanating from the country.
  • 20 Feb 2020

    Outcomes FATF Plenary, 19-21 February 2020 During the second Plenary under the Chinese Presidency of Xiangmin Liu, delegates discussed a range of important issues, including the Strategic Priorities: Understanding and leveraging the use of digital identity and Mitigating the money laundering and terrorist financing risks of virtual assets.
  • 12 Feb 2020

    Switzerland’s progress in strengthening measures to tackle money laundering and terrorist financing Since its mutual evaluation in 2016, Switzerland has worked to improve the effectiveness of its national framework to combat money laundering and terrorist financing.
  • 21 Jan 2020

    United for Wildlife Taskforce meeting, St James’s Palace, 21 January 2019 The inspiring work being done by the Royal Foundation, and in particular the United for Wildlife’s Financial Taskforce is the opportunity to extend FATF’s financial fight to those causing harm to our wildlife and natural environment.
  • 17 Jan 2020

    Saudi Arabia's progress in strengthening measures to tackle money laundering and terrorist financing This follow report analyses Saudi Arabia's progress in addressing the technical compliance deficiencies identified in its 2018 Mutual Evaluation.
  • 9 Jan 2020

    FATF Supervisors’ Forum on supervising virtual assets – Paris, France, 9 January 2020 On 9 January 2020, supervisors from around the world met to discuss how to supervise and regulate virtual assets and virtual asset service providers VASPs.
  • 17 Dec 2019

    The Russian Federation's measures to combat money laundering and terrorist financing Russia has an in-depth understanding of its money laundering and terrorist financing risks and has established policies and laws to address these risks, but it should enhance its approach to supervision and prioritise the investigation and prosecution of complex money laundering cases, especially concerning money being laundered abroad.
  • 16 Dec 2019

    Turkey's measures to combat money laundering and terrorist financing Turkey has understood the risks it faces from money laundering and terrorist financing but serious shortcomings remain, including the need to improve measures for freezing assets linked to terrorism and proliferation of weapons of mass destruction.
  • 10 Dec 2019

    Keynote speech at the 7th International Anti-Money Laundering and Compliance Conference, 10 December 2019 FATF Executive Secretary David Lewis highlights the need for effective implementation, not a tick-box approach, to stop money laundering and reduce the harm caused by crime and terrorism. Mr. Lewis delivered his keynote speech at the 7th International Anti-Money Laundering and Compliance Conference, in Bratislava.
  • 5 Dec 2019

    Norway’s progress to improve effectiveness in combating money laundering and terrorist financing Since its mutual evaluation in 2014, Norway has worked to improve the effectiveness of its national framework to combat money laundering and terrorist financing.
  • 4 Dec 2019

    Spain’s progress to improve effectiveness in combating money laundering and terrorist financing Since its mutual evaluation in 2014, Spain has worked to improve the effectiveness of its national framework to combat money laundering and terrorist financing
  • 21 Nov 2019

    Tackling the illegal wildlife trade as a financial crime The first regional meeting between public and private sector on money laundering and the illegal wildlife trade, took place on 22 November 2019.
  • 21 Nov 2019

    Remarks at AI & Blockchain Summit, 21 November 2019 FATF Executive Secretary David Lewis' remarks on Digital ID at the AI & Blockchain Summit, in Barcelona
  • 19 Nov 2019

    Remarks at the RUSI meeting on the Financial Action Task Force Strategic Review Remarks by FATF Executive Secretary David Lewis at the RUSI meeting on the FATF Strategic Review, which took place in London on 18 November 2019.
  • 18 Nov 2019

    Singapore's progress in strengthening measures to tackle money laundering and terrorist financing This follow report analyses Singapore's progress in addressing the technical compliance deficiencies identified in its 2016 Mutual Evaluation.
  • 14 Nov 2019

    Denmark’s progress in strengthening measures to tackle money laundering and terrorist financing This follow report analyses Denmark's progress in addressing the technical compliance deficiencies identified in its 2017 Mutual Evaluation.
  • 12 Nov 2019

    Ireland's progress in strengthening measures to tackle money laundering and terrorist financing This follow report analyses Ireland’s progress in addressing the technical compliance deficiencies identified in its 2017 Mutual Evaluation.
  • 12 Nov 2019

    First FATF Supervisors’ Forum on improving the effectiveness of supervision - Sanya, China 11-12 November 2019 The People´s Bank of China hosted the first FATF Supervisors’ Forum in Sanya from 11 to 12 November 2019.
  • 5 Nov 2019

    Virtual Assets How do the FATF Standards apply to virtual asset service providers?
  • 4 Nov 2019

    Virtual Assets FATF's focus on virtual asset service providers.
  • 30 Oct 2019

    Public consultation on FATF draft guidance on digital identity The FATF is seeking comments on a guidance that clarifies how digital identity systems can be used for customer due diligence. The public consultation is now closed.
  • 24 Oct 2019

    Best Practices on Beneficial Ownership for Legal Persons Transparency of beneficial ownership is essential to prevent the misuse of companies, associations or other entities for money laundering or terrorist financing. However, many jurisdictions find it challenging to effectively implement the FATF’s Recommendations in this area. These FATF best practices suggests key features of an effective system, using input from countries around the global network. It will help countries implement robust and effective measures to prevent criminals and terrorists from hiding behind companies and other legal persons. The paper also suggests options for jurisdictions to obtain beneficial ownership information of overseas entities.
  • 18 Oct 2019

    Outcomes FATF Plenary, 16-18 October 2019 FATF President Xiangmin Liu of the People's Republic of China, chaired the first Plenary meeting under the Chinese Presidency in Paris on 16-18 October 2019. Outcomes from this Plenary include the adoption of the assessments of Russia and Turkey, Brazil, Best Practices and new work on combating the laundering of proceeds of illegal wildlife trade.
  • 18 Oct 2019

    Money laundering risks from “stablecoins” and other emerging assets FATFs work on regulating virtual assets and monitoring the risks posed by emerging "stablecoins" to ensure the FATF Standards remain relevant and responsive.
  • 18 Oct 2019

    Public Statement - October 2019 In its October 2019 public statement identifying jurisdictions with strategic deficiencies in anti-money laundering / countering the financing of terrorism measures, the FATF continues to call on countries to apply counter-measures to the Democratic People's Republic of Korea.
  • 18 Oct 2019

    Improving Global AML/CFT Compliance: On-going Process - 18 October 2019 The FATF identified jurisdictions which have strategic AML/CFT deficiencies for which they have developed an action plan with the FATF. The FATF welcomes the significant progress made by Ethiopia, Sri Lanka and Tunisia in improving their AML/CFT regime and as a result, these countries are no longer subject to FATF's monitoring process.
  • 12 Sep 2019

    Meeting with The Duke of Cambridge on money laundering and illegal wildlife trafficking FATF President Xiangmin Liu and The Duke of Cambridge discussed how to build on the work of the United for Wildlife Financial Taskforce and focus governments on taking the money out of illegal wildlife trafficking.
  • 10 Sep 2019

    Remarks by FATF President Xiangmin Liu at the Queen Mary - HSBC Annual Lecture on Financial Crime Speech by FATF President Xiangmin Liu on "Promoting Responsible Innovation - Mitigating Illicit Finance Risks in the Digital Era", in London, 10 September 2019.
  • 5 Sep 2019

    Iceland's progress in strengthening measures to tackle money laundering and terrorist financing This follow report analyses Iceland’s progress in addressing the technical compliance deficiencies identified in its 2018 Mutual Evaluation.
  • 4 Sep 2019

    Hong Kong, China's measures to combat money laundering and terrorist financing Hong Kong, China has a sound regime to fight money laundering and terrorist financing that is delivering good results. However, it must enhance prosecution of money laundering involving crimes committed abroad and strengthen supervision of certain non-financial businesses.
  • 3 Sep 2019

    Greece's measures to combat money laundering and terrorist financing Greece has the foundations for effective action against money laundering and terrorist financing. However, it needs to improve prosecution of these crimes and focus more on the risks that face the non-financial sector.
  • 1 Aug 2019

    Financial Action Task Force - Thirty Years G7 leaders created the Financial Action Task Force at their Summit in 1989. They mandated this new task force, the FATF, with examining money laundering techniques and trends, reviewing the action which had already been taken at a national or international level, and setting out the measures that needed to be taken to combat money laundering. This publication retraces the progress that has made during the three decades that followed, including the expansion of the FATF's mandate to include the fight against terrorist financing and the financing of weapons of mass destruction. It also sets out the work that lies ahead for the members of the FATF and the FATF Global Network.
  • 5 Jul 2019

    Terrorist Financing Risk Assessment Guidance This guidance aims to assist practitioners, and particularly those in lower capacity countries, in assessing terrorist financing risk, by providing good approaches, relevant information sources and practical examples based on country experience.
  • 1 Jul 2019

    Objectives for the FATF during the Chinese Presidency 2019-2020 An overview of the objectives for the Chinese Plenary year July 2019-June 2020, as presented by FATF President Xiangmin Liu to the Plenary in June 2019.
  • 27 Jun 2019

    FATF Report to G20 Leaders' Summit This report to the G20 Leaders' summit in Osaka, Japan 28-29 June 2019 sets out FATF's recent and future work to fight money laundering and terrorist financing.
  • 26 Jun 2019

    FATF Guidance for a Risk-Based Approach for the Accounting Profession This guidance highlights the need for a sound assessment of the money laundering and terrorist financing risks that accountants face so that the policies, procedures and ongoing customer due diligence measures mitigate these risks. The risk-based approach is central to the effective implementation of the FATF Recommendations to fight money laundering and terrorist financing.
  • 26 Jun 2019

    Guidance for a Risk-Based Approach Guidance for Legal Professionals The guidance aims to support legal professionals in the design of effective measure to manage their ML/TF risks, when establishing or maintaining business relationships. In particular, it explains the obligation for legal professionals to identify and verify beneficial ownership information and provides examples of simplified, standard and enhanced CDD measures.
  • 26 Jun 2019

    FATF Guidance for a Risk-Based Approach for Trust and Company Service Providers This guidance aims to support the implementation of the risk-based approach to trust and company service providers, taking into account national money laundering and terrorist financing risk assessments and AML/CFT legal and regulatory frameworks.
  • 21 Jun 2019

    Statement on Brazil Statement on Brazil's action to action to remedy the deficiencies in its June 2010 mutual evalation report.
  • 21 Jun 2019

    Outcomes FATF Plenary, 16-21 June 2019 FATF President Marshall Billingslea of the United States, chaired the third and last Plenary meeting under the U.S. Presidency in Orlando on 19-21 June 2019
  • 21 Jun 2019

    FATF Actions to Identify and Disrupt ISIL, Al-Qaeda and Affiliates’ Financing An update on the evolving financing strategies of ISIL, Al-Qaeda and affiliates since the FATF 2015 reports and the February 2019 update.
  • 21 Jun 2019

    Public Statement - June 2019 In its June 2019 public statement identifying jurisdictions with strategic deficiencies in anti-money laundering / countering the financing of terrorism measures, the FATF continues to call on countries to apply counter-measures to the Democratic People's Republic of Korea.
  • 21 Jun 2019

    Improving Global AML/CFT Compliance: On-going Process - 21 June 2019 The FATF identified jurisdictions which have strategic AML/CFT deficiencies for which they have developed an action plan with the FATF. The FATF welcomes Serbia's significant progress in improving its AML/CFT regime and as a result, the country is no longer subject to FATF's monitoring process.
  • 21 Jun 2019

    Public Statement on Virtual Assets and Related Providers FATF is setting out more detailed implementation requirements for effective regulation and supervision/monitoring of virtual asset services providers, in order to adequately mitigate the ML/TF risks associated with virtual asset activities. At its Plenary of June 2019, the FATF finalised the text of the new Interpretive Note for Recommendation 15.
  • 21 Jun 2019

    Guidance for a Risk-Based Approach to Virtual Assets and Virtual Asset Service Providers This guidance follows revisions to the FATF Recommendations in response to the increasing use of virtual assets for money laundering and terrorist financing. The FATF strengthened its standards to clarify the application of anti-money laundering and counter-terrorist financing requirements on virtual assets and virtual asset service providers.
  • 7 May 2019

    FATF Private Sector Consultative Forum, Vienna, 6-7 May 2019 The FATF held its annual Private Sector Consultative Forum PSCF, in Vienna, hosted by the United Nations Office on Drugs and Crime UNODC.
  • 17 Apr 2019

    China's measures to combat money laundering and terrorist financing China has the foundation for a sound system to tackle money laundering and terrorist financing but should strengthen its financial intelligence unit and use of financial intelligence.
  • 16 Apr 2019

    Finland's measures to combat money laundering and terrorist financing Finland has a sound framework to combat money laundering and terrorist financing which is delivering some good results, but there are some areas to improve the effectiveness of the country’s framework, especially with regard to the AML/CFT supervision of financial and non-financial institutions.
  • 12 Apr 2019

    Remarks by FATF President Marshall Billingslea Remarks by FATF President Marshall Billingslea at FATF Ministerial Meeting, Washington, D.C., on the occasion of the renewal of the FATF Mandate.
  • 12 Apr 2019

    FATF Ministers give FATF an open-ended Mandate FATF's mandate reflects the need for FATF to continue to lead decisive, co-ordinated and effective global action to counter the threats of the abuse of the financial system.
  • 8 Apr 2019

    FATF Report to G20 Finance Ministers and Central Bank Governors This report provides an update on FATF’s efforts to fight money laundering and the financing of terrorism and proliferation. It also sets out ongoing work to strengthen FATF’s institutional basis, governance and capacity.
  • 28 Mar 2019

    Norway's progress in strengthening measures to tackle money laundering and terrorist financing This follow report analyses Norway’s additional progress in addressing the technical compliance deficiencies identified in its 2014 Mutual Evaluation and the March 2018 Follow-Up report.
  • 27 Mar 2019

    New UN resolution reaffirms the close collaboration between the FATF and the United Nations in the fight against terrorist fighting No country is immune from terrorism. All countries are at risk of financing terrorism, whether or not they themselves have been the victims of terrorist attacks. The Security Council adopted a new resolution 2462, committing to further work with the FATF to prevent, detect and disrupt the financing of terrorism.
  • 27 Mar 2019

    UN Security Council: Preventing and combating the financing of terrorism New UN resolution reaffirms the close collaboration between the FATF and the United Nations in the fight against terrorist fighting
  • 27 Mar 2019

    Italy's progress in strengthening measures to tackle money laundering and terrorist financing This report analyses Italy's progress in addressing the technical compliance deficiencies identified in the 2015 assessment of the country's measures to combat money laundering and terrorist financing. The report also looks at whether Italy has implemented new measures to meet the requirements of FATF Recommendations that changed since the mutual evaluation.
  • 27 Mar 2019

    Improving the capacity to prosecute terrorist financing On 27 March, over 160 officials, including judges and prosecutors, from 57 jurisdictions as well as the IMF, Eurojust and other international organisations participated in a workshop focused on improving terrorist financing prosecutions.
  • 26 Mar 2019

    FATF/MONEYVAL Joint Experts’ meeting 25-26 March 2019 This year, FATF and FATF-Style Regional Body MONEYVAL jointly organised the experts’ meeting, which was hosted by the Israeli government in Tel Aviv, israel.
  • 25 Mar 2019

    Joint FATF/MONEYVAL Experts' meeting and TF Prosecution Workshop, opening remarks by the Minister of Justice of Israel In her opening remarks at the joint FATF/MONEYVAL Experts' Meeting, Ayelet Shaked, Minister of Justice of Israel highlighted that while the citizens of Israel face terrorism acts on a daily basis, terrorism is not solely Israel's problem but rather a global issue.
  • 24 Feb 2019

    Public Consultation on the Draft Risk-Based Approach Guidance for Legal Professionals, Accountants and Trust and Company Service Providers The FATF is currently developing guidance to assist countries, competent authorities and professionals in the legal, accountancy and trust and company service providers sectors in the application of a risk-based approach (RBA) to AML/CFT. The guidance is intended to provide support both to the private sector and public authorities, by focusing on ML/TF risks and associated mitigation measures.
  • 22 Feb 2019

    Current Efforts by the FATF to Monitor and Take Action against Terrorist Financing The FATF and its global Standards to counter the financing of terrorism CFT play a central role in the effort to ensure that the criminal offence of terrorist financing is being aggressively pursued by all jurisdictions.
  • 22 Feb 2019

    FATF Statement on Brazil FATF Statement on Brazil's steps towards addressing the deficiencies identified in its mutual evaluation report.
  • 22 Feb 2019

    Outcomes FATF Plenary, 20-22 February 2019 Under the Presidency of Mr. Billingslea of the United States, delegates discussed among other issues: combating the financing of terrorism, the Mutual Evaluation of China and Finland, regulation of virtual assets.
  • 22 Feb 2019

    Improving Global AML/CFT Compliance: On-going Process - 22 February 2019 The FATF identified jurisdictions which have strategic AML/CFT deficiencies for which they have developed an action plan with the FATF.
  • 22 Feb 2019

    Public Statement - February 2019 In its February 2019 public statement identifying jurisdictions with strategic deficiencies in anti-money laundering / countering the financing of terrorism measures, the FATF continues to calls on countries to apply counter-measures to the Democratic People's Republic of Korea.
  • 22 Feb 2019

    Public Statement – Mitigating Risks from Virtual Assets FATF is setting out more detailed implementation requirements for effective regulation and supervision/monitoring of virtual asset services providers, in order to adequately mitigate the ML/TF risks associated with virtual asset activities. At its Plenary of February 2019, the FATF finalised the text of the new Interpretive Note for Recommendation 15.
  • 10 Dec 2018

    Israel's measures to fight money laundering and the financing of terrorism and proliferation Israel is achieving good results in identifying and responding to its money-laundering and terrorist financing risks, but needs more focus on supervision and preventive measures. This report is a comprehensive review of the effectiveness of Israel's measures and their compliance with the FATF Recommendations.
  • 10 Dec 2018

    Israel becomes a member of the FATF Israel has become a full member of the FATF, following the publication of its mutual evaluation report.
  • 7 Dec 2018

    The United Kingdom's measures to combat money laundering and terrorist financing The United Kingdom has a well-developed and robust regime to effectively combat money laundering and terrorist financing. However, it needs to strengthen its supervision, and increase the resources of its financial intelligence unit.
  • 3 Dec 2018

    FATF report to G20 Leaders' Summit The FATF reported on its ongoing work to fight money laundering and terrorist financing to the G20 Leaders's Summit in Buenos Aires, Argentina on 30 November - 1 December 2018.
  • 21 Nov 2018

    Austria’s progress in strengthening measures to tackle money laundering and terrorist financing This report analyses Austria's progress in addressing the technical compliance deficiencies identified in the 2017 FATF assessment of the country's measures to combat money laundering and terrorist financing. The report also looks at whether Austria has implemented new measures to meet the requirements of FATF Recommendations that changed since the 2017 mutual evaluation.
  • 21 Nov 2018

    Denmark’s progress in strengthening measures to tackle money laundering and terrorist financing This report analyses Denmark's progress in addressing the technical compliance deficiencies identified in the 2017 FATF assessment of the country's measures to combat money laundering and terrorist financing. The report also looks at whether Denmark has implemented new measures to meet the requirements of FATF Recommendations that changed since the 2017 mutual evaluation.
  • 8 Nov 2018

    Counter-Terrorism Financing Summit, Bangkok, 8 November 2018 FATF Executive Secretary David Lewis' speech at the Counter-Terrorism Financing Summit in Bangkok.
  • 7 Nov 2018

    Australia’s progress in strengthening measures to tackle money laundering and terrorist financing This report analyses Australia's progress in addressing the technical compliance deficiencies identified in the 2015 FATF assessment of the country's measures to combat money laundering and terrorist financing. The report also looks at whether Australia has implemented new measures to meet the requirements of FATF Recommendations that changed since the 2015 mutual evaluation.
  • 26 Oct 2018

    Risk-based Approach Guidance for the Securities Sector The guidance aims to support the design and implementation of the risk-based approach for securities products and services, by providing specific guidance and examples for securities providers and their supervisors.
  • 19 Oct 2018

    FATF Monitoring of Terrorist Financing Risks and Actions Taken to Combat ISIL, Al-Qaeda and Affiliates Financing An update on the evolving financing strategies of ISIL, Al-Qaeda and affiliates since the FATF 2015 reports.
  • 19 Oct 2018

    Outcomes FATF Plenary, 17-19 October 2018 Under the Presidency of Mr. Billingslea of the United States, delegates discussed among other issues: combating the financing of terrorism, the Mutual Evaluation of Israel and the United Kingdom, regulation of virtual assets.
  • 19 Oct 2018

    Public Statement - October 2018 In its public statement identifying jurisdictions with strategic deficiencies in anti-money laundering / countering the financing of terrorism measures, the FATF continues to calls on countries to apply counter-measures to the Democratic People's Republic of Korea.
  • 19 Oct 2018

    Improving Global AML/CFT Compliance: On-going Process - 19 October 2018 The FATF identified jurisdictions which have strategic AML/CFT deficiencies for which they have developed an action plan with the FATF.
  • 14 Oct 2018

    Annual Report 2017-2018 An overview of the FATF's achievements under the Presidency of Santiago Otamendi of Argentina 1 July 2017 - 30 June 2018.
  • 24 Sep 2018

    Saudi Arabia’s measures to fight money laundering and the financing of terrorism and proliferation The FATF and the Middle East and North Africa Financial Action Task Force (MENAFATF) jointly conducted an assessment of Saudi Arabia'santi-money laundering and counter-terrorist financing (AML/CFT) system. The assessment is a comprehensive review of the effectiveness of the country’s AML/CFT system and its level of compliance with the FATF Recommendations.
  • 6 Sep 2018

    Joint FATF/EAG FinTech and RegTech Forum, China Outcomes from the Joint FATF/EAG FinTech and RegTech Forum which took place on 4-5 September 2018 in Hangzhou, China. Over 140 participants from FinTech and RegTech sectors, financial institutions, FATF members, associate members and observers participated in this event, chaired by FATF Vice-President Mr. Xiangmin Liu and the Eurasia Group EAG Chairperson, Ms. Jinghua Hao.
  • 3 Sep 2018

    Belgium’s progress in strengthening measures to tackle money laundering and terrorist financing This report analyses Belgium's progress in addressing the technical compliance deficiencies identified in the FATF assessment of their measures to combat money laundering and terrorist financing of April 2015. The report also looks at whether Belgium has implemented new measures to meet the requirements of FATF Recommendations that changed since the 2015 mutual evaluation.
  • 2 Aug 2018

    Financial Flows from Human Trafficking This report aims to raise awareness about the type of financial transactions that can identify human trafficking for sexual exploitation, forced labour or for removal of organs.
  • 26 Jul 2018

    Professional Money Laundering This reports looks at the techniques and tools used by professional money launderers and aims to help countries identify and dismantle them.
  • 25 Jul 2018

    Sweden's progress in strengthening measures to tackle money laundering and terrorist financing This report analyses Sweden's progress in addressing the technical compliance deficiencies identified in the FATF assessment of their measures to combat money laundering and terrorist financing of April 2017. The report also looks at whether Sweden has implemented new measures to meet the requirements of FATF Recommendations that changed since the 2017 mutual evaluation.
  • 24 Jul 2018

    G20 commitment to implement FATF standards and support for work on crypto assets The FATF President, Marshall Billingslea briefed G20 Finance Ministers and Central Bank Governors on FATF's work to address the money laundering and terrorist financing risks from crypto-assets and its efforts to combat the financing of proliferation of weapons of mass destruction and terrorism.
  • 23 Jul 2018

    High-risk and other monitored jurisdictions More information about the FATF's process to identify jurisdictions with significant weaknesses in their anti-money laundering and counter terrorist financing measures and its work with these jurisdictions to address these weaknesses.
  • 19 Jul 2018

    FATF President's Paper: Anti-money laundering and counter terrorist financing for judges and prosecutors This paper presents the findings of the FATF's global outreach programme to the criminal justice systems, initiated by FATF President Santiago Otamendi. It identifies the challenges, useful elements and best practices in the investigation and prosecution of money laundering and terrorist financing, and in the recovery of the proceeds of crime.
  • 18 Jul 2018

    FATF Report to G20 Finance Ministers and Central Bank Governors This report sets out FATF’s ongoing work to fight money laundering and terrorist financing, in particular in the area of virtual currencies/crypto assets.
  • 18 Jul 2018

    Concealment of Beneficial Ownership This joint FATF-Egmont Group study looks at the mechanisms and techniques that can be used to obscure the ownership and control of illicitly obtained assets. The report aims to raise awareness with national authorities, financial institutions and other professional service providers about the risks involved.
  • 18 Jul 2018

    Objectives for the FATF during the US Presidency 2018-2019 An overview of the objectives for the US Plenary year July 2018-June 2019, as presented by FATF President Marshall Billingslea to the Plenary in June 2018.
  • 6 Jul 2018

    Public Consultation on the Draft Risk-Based Approach Guidance for the Life Insurance Sector The FATF is developing guidance to assist countries, competent authorities, insurers and insurance intermediaries in the application of a risk-based approach (RBA) to AML/CFT in the Life Insurance Sector. FATF is consulting private-sector stakeholders on the text of this Draft RBA Guidance for the Life Insurance Sector. The public consultation is now closed.
  • 6 Jul 2018

    Public Consultation on the Draft Risk-Based Approach Guidance for the Securities Sector The FATF is developing guidance to assist countries, competent authorities and the securities sector in the application of a risk-based approach (RBA) to AML/CFT in the Securities Sector. FATF is consulting private-sector stakeholders on the text of this Draft RBA Guidance for the Securities Sector. The public consultation is now closed.
  • 29 Jun 2018

    Outcomes FATF-MENAFATF Joint Plenary, 27-29 June 2018 Under the Presidency of Mr. Santiago Otamendi of Argentina, delegates discussed among other issues combatting terrorist financing, the assessment of Bahrain's and Saudi Arabia's mutual evaluations, and anti-money laundering / countering the financing of terrorism improvements in Iraq and Vanuatu.
  • 29 Jun 2018

    Public Statement In its public statement identifying jurisdictions with strategic deficiencies in anti-money laundering / countering the financing of terrorism measures, the FATF continues to calls on countries to apply counter-measures to the Democratic People's Republic of Korea.
  • 29 Jun 2018

    Improving Global AML/CFT Compliance: On-going Process - 29 June 2018 The FATF identified jurisdictions which have strategic AML/CFT deficiencies for which they have developed an action plan with the FATF. The FATF recognised that Iraq and Vanuatu have made significant progress in improving their AML/CFT regime and will therefore no longer be subject to the FATF’s monitoring process.
  • 23 May 2018

    Best Practices and Guidelines on the Fight against Proliferation Financing - Strengthening Authorities for Action Remarks by the FATF Executive Secretary on the Best Practices and Guidelines on the Fight against Proliferation Financing at the Day 2 Implementation Meeting of the Proliferation Security Initiative (PSI) High Level Political Meeting 2018
  • 22 May 2018

    Annual Report 2016-2017 An overview of the FATF's achievements under the Presidency of Mr. Juan Manuel Vega-Serrano of Spain, from 1 July 2016-30 June 2017.
  • 18 May 2018

    Assessment of Member States compliance with FATF recommendations and strategy on combatting terrorist financing FATF Executive Secretary David Lewis' speech at the European Parliament Special Committee on Terrorism Public Hearing 'How to improve counter terrorist financing activity within the EU'.
  • 26 Apr 2018

    International conference on combating the financing of Daesh and Al-Qaeda Ministers and Heads of International organisations met at the invitation of French President Macron for the International conference on combating the financing of Daesh and Al-Qaeda – No Money for Terror, 25-26 April, 2018
  • 26 Apr 2018

    Blocking terrorists' financial flows: Next steps Speech by FATF President Santiago Otamendi at the International conference on combating the financing of Daesh and Al-Qaeda, organised by President Macron and the French government on 25-26 April 2018.
  • 25 Apr 2018

    Chairman’s Summary of FinTech RegTech Outcomes from the FATF Private Sector Consultative Forum 23-24 April 2018 As part of FATF's ongoing dialogue with FinTech and RegTech sectors, governments and private sector experts discussed two key policy issues at the 2018 Private Sector Consultative Forum: digital identity ID and crypto assets.
  • 25 Apr 2018

    FATF Private Sector Consultative Forum, Vienna, 23-24 April 2018 The FATF held its annual Private Sector Consultative Forum PSCF, in Vienna, hosted by the United Nations Office on Drugs and Crime UNODC.
  • 6 Apr 2018

    Iceland’s measures to fight money laundering and the financing of terrorism and proliferation Iceland needs better internal cooperation and coordination to effectively tackle money laundering and terrorist financing. This report provides a summary of the anti-money laundering and combating the financing of terrorism (AML/CFT measures in place Iceland as at the time of the on-site visit from 28 June to 12 July 2017.
  • 27 Mar 2018

    FATF workshop on the role of judges and prosecutors in tackling money laundering and terrorist financing in Europe Outcomes from the fourth workshop on anti-money laundering (AML)/ countering the financing of terrorism CFT for judges and prosecutors: experiences, challenges and best practices.
  • 20 Mar 2018

    Spain's progress in strengthening measures to tackle money laundering and terrorist financing This report analyses Spain's progress in addressing the technical compliance deficiencies identified in the FATF assessment of their measures to combat money laundering and terrorist financing of December 2014. The report also looks at whether Spain has implemented new measures to meet the requirements of FATF Recommendations that changed since the 2014 mutual evaluation.
  • 20 Mar 2018

    Norway's progress in strengthening measures to tackle money laundering and terrorist financing This report analyses Norway's progress in addressing the technical compliance deficiencies identified in the FATF assessment of their measures to combat money laundering and terrorist financing of December 2014. The report also looks at whether Norway has implemented new measures to meet the requirements of FATF Recommendations that changed since the 2014 mutual evaluation.
  • 16 Mar 2018

    FATF Report to G20 Finance Ministers and Central Bank Governors This report sets out FATF’s recent and ongoing work to fight money laundering and terrorist financing, with the support of the G20.
  • 14 Mar 2018

    FATF President's remarks at the Egmont Working Group and Heads of Financial Intelligence Units FIU meeting Durings his remarks at the Egmont Working Group and Heads of FIU meeting, FATF President Santiago Otamendi higlighted the common goals of the FATF and the Egmont Group to protect the integrity of the financial system.
  • 6 Mar 2018

    FATF workshop on the role of judges and prosecutors in tackling money laundering and terrorist financing in Africa and the Middle East. Outcomes from the third workshop on anti-money laundering (AML)/ countering the financing of terrorism CFT for judges and prosecutors: experiences, challenges and best practices.
  • 5 Mar 2018

    BCBS, CPMI, FATF and FSB welcome industry initiative facilitating correspondent banking BCBS, CPMI, FATF and FSB welcome the industry initiative, the Correspondent Banking Due Diligence Questionnaire, recently published by the Wolfsberg Group, that facilitates correspondent banking.
  • 1 Mar 2018

    High-Level Principles for the relationship between the FATF and the FATF-style regional bodies This set of principles which govern the relationship between the FATF and its partners, the FATF-style regaional bodies FSRBs.
  • 27 Feb 2018

    FATF Guidance on Counter Proliferation Financing - The Implementation of Financial Provisions of United Nations Security Council Resolutions to Counter the Proliferation of Weapons of Mass Destruction This non-binding guidance aims to help both public and private sector stakeholders understand and implement the obligations of the UNSCRs, as well as how to prevent sanctions from being evaded. It also aims to assist public sector stakeholders in building a more effective national coordination mechanism and supervisory regime to counter proliferation financing
  • 23 Feb 2018

    Outcomes FATF Plenary, 21-23 February 2018 Under the Presidency of Mr. Santiago Otamendi of Argentina, delegates discussed among other issues combatting terrorist financing, the assessment of Iceland, Iran's actions to address deficiencies in its AML/CFT system.
  • 23 Feb 2018

    FATF Actions taken under the 2016 counter-terrorist financing operational Plan FATF action following the adoption of a consolidated strategy to combat terrorist financing in 2016.
  • 23 Feb 2018

    Public Statement In its public statement identifying jurisdictions with strategic deficiencies in anti-money laundering / countering the financing of terrorism measures, the FATF continues to calls on countries to apply counter-measures to the Democratic People's Republic of Korea.
  • 23 Feb 2018

    Improving Global AML/CFT Compliance: On-going Process - 23 February 2018 The FATF updated its statements identifying jurisdictions which have strategic AML/CFT deficiencies for which they have developed an action plan with the FATF. Bosnia and Herzegovina is no longer subject to the FATF's On-Going Global AML/CFT Compliance Process.
  • 12 Jan 2018

    Second workshop on the role of judges and prosecutors in tackling money laundering and terrorist financing President's outcomes from the FATF/APG/EAG workshop on anti-money laundering (AML)/ countering the financing of terrorism (CFT) for judges and prosecutors: experiences, challenges and best practices
  • 12 Jan 2018

    Financing of Recruitment for Terrorist Purposes Recruiting members and supporters is crucial to a terrorist organisation's survival. This report increases understanding of different recruitment approaches and their funding needs and will help authorities detect and disrupt recruitment activities for terrorist purposes.
  • 3 Jan 2018

    Mexico's measures to combat money laundering and the financing of terrorism and proliferation Mexico has a good system to tackle money laundering and terrorist financing, but should step up efforts in pursuing launderers and confiscating their assets to mitigate the significant risks. This report provides a summary of the anti-money laundering and combating the financing of terrorism (AML/CFT measures in place Mexico as at the time of the on-site visit from 28 February to 16 March 2017.
  • 19 Dec 2017

    Briefing to the UN Counter-Terrorism Committee CTC, New York, 14 December 2017 In his remarks at the Briefing to the UN Counter-Terrorism Committee CTC, FATF President Santiago Otamendi highlighted the FATF's close collaboration and partnership with the United Nations to tackle terrorist financing.
  • 14 Dec 2017

    Austria’s progress in strengthening measures to tackle money laundering and terrorist financing This report analyses Austria’s progress in addressing the technical compliance deficiencies identified in the FATF assessment of their measures to combat money laundering and terrorist financing of September 2016. The report also looks at whether Austria has implemented new measures to meet the requirements of FATF Recommendations that changed since the 2016 mutual evaluation.
  • 11 Dec 2017

    Portugal's measures to combat money laundering and the financing of terrorism and proliferation Portugal has a sound and effective regime for fighting money laundering and terrorist financing, but should improve implementation of measures aimed at non-financial business and professions.
  • 21 Nov 2017

    Consolidated FATF Standards on Information Sharing This document groups the relevant sections on information sharing from the FATF Recommendations, to clarify the types of information that should be shared, when it should be shared and the safeguards and protections that should apply to sharing information.
  • 16 Nov 2017

    CFATF Public Statement on Haiti The Caribbean Financial Action Task Force (CFATF) issued a public statement on Haiti's progress to address strategic deficiencies in its anti-money laundering and counter-terrorist financing (AML/CFT regime. Haiti is no longer subject to the CFATF-ICRG review process.
  • 15 Nov 2017

    CFATF XLVI Plenary Meeting, Georgetown, Guyana, 15 November FATF Executive Secretary David Lewis commends CFATF on its commitment and contribution to the Global Network and encourages CFATF to continue its own efforts to further improve the quality of mutual evaluations.
  • 4 Nov 2017

    Outcomes Joint FATF/GAFILAT Plenary, 1-3 November 2017 Delegates discussed counter-terrorist financing, financial inclusion, information sharing and measures to combat money laundering and the financing of terrorism and proliferation in Portugal and Mexico. They also discussed the follow-up report for Austria, issued a statement on Brazil, discussed AML/CFT improvements in Uganda and issued a statement on DPRK.
  • 4 Nov 2017

    Improving Global AML/CFT Compliance: On-going Process - 3 November 2017 The FATF updated its statements identifying jurisdictions which have strategic AML/CFT deficiencies for which they have developed an action plan with the FATF. The FATF updated its statements identifying jurisdictions which have strategic AML/CFT deficiencies for which they have developed an action plan with the FATF. Uganda is no longer subject to the FATF's On-Going Global AML/CFT Compliance Process.
  • 3 Nov 2017

    FATF Guidance on AML/CFT measures and financial inclusion, with a supplement on customer due diligence This FATF Guidance aims to provide support in designing Anti-Money Laundering and Terrorist Financing (AML/CFT) measures that meet the goal of financial inclusion, without compromising the measures that exist for the purpose of combating crime. The revised Guidance, reflects the changes made to the FATF Recommendations in 2012 and focuses in particular on the reinforcement of the risk-based approach (RBA), as a general and underlying principle of all AML/CFT systems.
  • 3 Nov 2017

    FATF Guidance - Private Sector Information Sharing This FATF guidance clarifies key FATF Standards on information sharing and provides examples to overcome information sharing, both group-wide withing financial groups, and between financial institutions which are not part of the same group.
  • 3 Nov 2017

    The FATF position on FinTech and RegTech FATF statement that emphasises that FATF strongly supports responsible financial innovation that is in line with the AML/CFT requirements found in the FATF Standards, and will continue to explore the opportunities that new financial and regulatory technologies may present for improving the effective implementation of AML/CFT measures.
  • 3 Nov 2017

    FATF Statement on the Democratic People's Republic of Korea (DPRK) In order to address the threat posed by the DPRK’s illicit activities related to the proliferation of weapons of mass destruction WMD and its financing, the FATF calls upon its members and urges all jurisdictions to effectively implement the relevant FATF recommendations and UNSC Resolutions.
  • 3 Nov 2017

    Public Statement In its public statement identifying jurisdictions with strategic deficiencies in anti-money laundering / countering the financing of terrorism measures, the FATF continues to calls on countries to apply counter-measures to the Democratic People's Republic of Korea.
  • 1 Nov 2017

    Opening Speech by the President of Argentina, Mauricio Macri, at the Joint FATF/GAFILAT Plenary, Buenos Aires, 1-3 November 2017 Mr. Mauricio Macri, President of the Republic of Argentina, opened the FATF-GAFILAT Joint Plenary meeting in Buenos Aires on November 1, 2017.
  • 17 Oct 2017

    US-MENA Private Sector Dialogue (PSD) Speech by David Lewis on “Combating Terrorism and Enhancing Relations with Correspondent Banks” at the US-MENA Private Sector Dialogue PSD that took place in Washington on October 16, 2017.
  • 11 Oct 2017

    FATF FinTech and RegTech Forum, Berlin Outcomes from the FATF FinTech and RegTech Forum which took place on 9-10 October 2017 in Berlin, Germany. Over 150 participants from FinTech and RegTech sectors, financial institutions, FATF members, associate members and observers participated in this event, chaired by FATF President Santiago Otamendi.
  • 5 Oct 2017

    The role of judges and prosecutors in tackling money laundering and terrorist financing : Experiences, challenges and best practices A summary of the outcomes of a Workshop for judges and prosecutors that focused on their experiences, challenges and best practices in investigating and prosecuting money laundering and terrorist financing and confiscating criminal proceeds. The Ecuador Republic hosted this joint FATF/GAFILAT event in Quito, on 25-26 September 2017.
  • 20 Sep 2017

    Cambodia's measures to combat money laundering and terrorist financing This report provides a summary of the AML/CFT measures in place in Cambodia as at the date of the on-site visit 4-16 December 2016.
  • 20 Sep 2017

    Mongolia's measures to combat money laundering and terrorist financing This report provides a summary of the AML/CFT measures in place in Mongolia as at the date of the on-site visit 4 November 2016.
  • 7 Sep 2017

    Ireland's measures to combat money laundering and the financing of terrorism and proliferation Ireland has a sound and substantially effective regime to tackle money laundering and terrorist financing, but could do more to obtain money laundering and terrorist financing convictions and demonstrate its effectiveness in confiscating proceeds of crime.
  • 7 Aug 2017

    Denmark’s measures to combat money laundering and the financing of terrorism and proliferation Denmark has the foundations for a sound regime to tackle money laundering and terrorist financing, but needs to improve the implementation of measures to mitigate the risks, including through better assessing those risks and enhancing national policy coordination.
  • 4 Aug 2017

    Slovenia's measures to combat money laundering and terrorist financing This MONEYVAL report is an assessment of Slovenia's measures to combat money laundering and terrorist financing. The number of money-laundering investigations has risen in Slovenia since the last evaluation in 2010, but it is still not commensurate with the number of investigations and convictions for proceeds-generating crimes, such as tax evasion, fraud and other economic crimes, as well as drug trafficking.
  • 4 Aug 2017

    The Bahamas' measures to combat money laundering and terrorist financing This report provides a summary of the AML/CFT measures in place in The Bahamas as at the date of the on-site visit 30 November to 11 December 2015.
  • 27 Jul 2017

    Speech at the GAFILAT Plenary FATF President Santiago Otamendi highlighted three priorities from his objectives for the Argentinean Plenary year. During his speech at the GAFILAT Plenary he also welcomed its contribution to the FATF Global Network.
  • 17 Jul 2017

    Speech by FATF Executive Secretary Speech by FATF Executive Secretary at 20th APG Annual Meeting
  • 11 Jul 2017

    G20 Leaders strengthen their efforts to tackle terrorist financing together G20 Leaders strengthen their efforts to tackle terrorist financing together.
  • 11 Jul 2017

    Objectives for the Argentine Presidency of the FATF 2017-2018 An overview of the objectives for the Argentine Plenary year July 2017-June 2018, as presented by FATF President Santiago Otamendi to the FATF Plenary in June 2017.
  • 6 Jul 2017

    FATF Report to G20 Leaders’ Summit This report sets out FATF’s ongoing work to fight money laundering and terrorist financing, with the support of the G20.
  • 29 Jun 2017

    Public Consultation on the Draft Guidance for Private Sector Information Sharing The FATF is developing guidance to promote and provide country examples on how to promote information sharing within financial institutions, including through public-private partnerships. The FATF is consulting private sector stakeholders before the guidance is finalised the public consultation is now closed.
  • 23 Jun 2017

    Outcomes of the Plenary meeting of the FATF, Valencia, 21-23 June 2017 Under the Spanish Presidency of Mr. Vega-Serrano, delegates discussed the global response to terrorist financing, improving transparency and beneficial ownership, and the mutual evaluation reports of Denmark and Ireland, and issued a statement on Brazil.
  • 23 Jun 2017

    Public Statement - 23 June 2017 In its public statement identifying jurisdictions with strategic deficiencies in anti-money laundering / countering the financing of terrorism measures, the FATF continues to calls on countries to apply counter-measures to the Democratic People's Republic of Korea.
  • 23 Jun 2017

    Improving Global AML/CFT Compliance: On-going Process - 23 June 2017 The FATF updated its statements identifying jurisdictions which have strategic AML/CFT deficiencies for which they have developed an action plan with the FATF. Afghanistan and Lao PDR are no longer subject to the FATF's On-Going Global AML/CFT Compliance Process.
  • 22 Jun 2017

    Speech by Spanish Minister of Economy, Industry and Competitiveness Speech by Spain's Minister of Economy, Industry and Competitiveness, Mr Luis de Guindos, at the Heads of Delegation dinner, during the June 2017 FATF Plenary meeting in Valencia, Spain.
  • 22 Jun 2017

    Speech by IMF Managing Director Christine Lagarde IMF Managing Director Christine Lagarde highlighted three priorities to build on progress achieved so far in building defenses against money laundering and terrorist financing.
  • 29 May 2017

    FATF FinTech and RegTech Forum 2017 Outcomes of the FATF FinTech and RegTech Forum which took place on 25-26 May 2017 and brought together over 150 representatives from FinTech and RegTech sectors, financial institutions and FATF members and observers.
  • 15 May 2017

    FATF at the G7 in Bari, Italy The FATF President and Executive Secretary participated in the G7 Finance Ministers and Central Bank Governors’ meeting in Bari, Italy on 12-13 May.
  • 25 Apr 2017

    Sweden's measures to combat money laundering and terrorist financing Sweden has a strong regime to tackle the money laundering and terrorist financing risks it faces, but needs to improve its national policy coordination.
  • 29 Mar 2017

    Remarks at the Interpol Unity for Security Forum Executive Secretary David Lewis highlighted that in order to face the challenge of small terrorist cells and lone actors, the need for closer collaboration and coordination has never been more important. Mr. Lewis made his remarks at the Interpol Unity for Security Forum in Abu Dhabi.
  • 24 Mar 2017

    Dialogue on FinTech and RegTech: Opportunities and challenges Participants at this meeting shared their views and experiences on the opportunities that FinTech and RegTech provide and the challenges faced by regulators and private sector. The meeting was part of the annual private sector consultative forum.
  • 24 Mar 2017

    Dialogue with the Private Sector FATF, civil society and private sector representatives met for a constructive discussion on a range of key issues which included information sharing, correspondent banking, remittances and de-risking. The annual meeting of the private sector consultative forum on 20-22 March 2017 was hosted by the United Nations Office on Drugs and Crime UNODC in Vienna.
  • 8 Mar 2017

    Annual Report 2015-2016 The annual report of the FATF Korean Presidency, 1 July 2015 to 30 June 2016. Under the Presidency of Mr. Je-yoon Shin, the FATF achieved a number of important outcomes, in particular to address the threat of terrorist financing.
  • 24 Feb 2017

    Outcomes of the Plenary meeting of the FATF, Paris, 22-24 February 2017 Under the Spanish Presidency of Mr. Vega-Serrano, delegates discussed the global response to terrorist financing, improving transparency and beneficial ownership, and the mutual evaluation report of Sweden.
  • 24 Feb 2017

    Improving Global AML/CFT Compliance: On-going Process - 24 February 2017 The FATF updated its statements identifying jurisdictions which have strategic AML/CFT deficiencies for which they have developed an action plan with the FATF.
  • 24 Feb 2017

    Public Statement - 24 February 2017 In its public statement identifying jurisdictions with strategic deficiencies in anti-money laundering / countering the financing of terrorism measures, the FATF continues to calls on countries to apply counter-measures to the Democratic People's Republic of Korea.
  • 18 Feb 2017

    Chairman's Summary of Outcomes from the Industry Roundtable on FinTech and RegTech This roundtable was a first step in an initiative to develop a partnership with the FinTech and RegTech community to support innovation in financial services, while maintaining transparency and mitigating the associated risks.
  • 16 Dec 2016

    FATF President Juan Manuel Vega-Serrano's remarks at the meeting of the UN Security Council, December 15, 2016 The FATF President spoke to the UN Security Council, at the High Level Open Debate on “Preventing Catastrophe: a global agenda for stopping the proliferation of weapons of mass destruction by non-state actors. This session of the Security Council adopted a resolution 2325 which reinforces counter-proliferation measures, and highlights the need for further efforts to counter the financing of proliferation.
  • 16 Dec 2016

    FATF President Juan Manuel Vega-Serrano's remarks at Joint special meeting of UN Security Council Committees and the FATF, 12 December 2016 At the joint special meeting of UN Security Council Committees and the FATF “Depriving Terrorist Groups from Accessing, Raising, and Moving Funds: Practices and Lessons Learned”, Mr. Vega-Serrano highlighted the importance of combating terrorist financing as part of a complete counter-terrorism strategy.
  • 6 Dec 2016

    Measures to combat money laundering and the financing of terrorism and proliferation in Switzerland Switzerland’s AML/CFT regime is technically robust and has achieved good results, but it would benefit from some improvements in order to be fully effective.
  • 30 Nov 2016

    United States' measures to combat money laundering and terrorist financing The United States has a robust regime to combat money laundering and terrorist financing, however, serious gaps impede timely access to beneficial ownership information
  • 3 Nov 2016

    Remarks at Network AML/CFT Institute International Scientific and Research Conference "Threats and Risks to Global Economy” Remarks by David Lewis, FATF Executive Secretary, at the Network AML/CFT Institute International Scientific and Research Conference "Threats and Risks to Global Economy” on the occasion of the 15th anniversary of Rosfinmonitoring, in Moscow on 1 November 2016.
  • 2 Nov 2016

    Honduras' measures to combat money laundering and terrorist financing This GAFILAT report provides a summary of the AML/CFT measures in place in Honduras as at the date of the on-site visit [1-12 June 2015]. It analyses the level of compliance with the FATF 40 Recommendations and the level of effectiveness of Honduras' AML/CFT system, and provides recommendations on how the system could be strengthened
  • 28 Oct 2016

    Terrorist Financing in West and Central Africa This joint FATF-GIABA-GABAC report reveals a number of terrorist financing threats and vulnerabilities that are specific to the West and Central Africa region, and highlights the role of cash, including foreign currency. The report looks at the contextual factors and the challenges that the region faces to regulate financial products and sectors. The report highlights the need for countries in the region to work closer together as well as with the broader international community to identify and disrupt terrorist financing.
  • 21 Oct 2016

    Outcomes of the Plenary meeting of the FATF, Paris, 19-21 October 2016 Under the Spanish Presidency of Mr. Vega-Serrano, delegates discussed the global response to terrorist financing, the decline of correspondent banking relationships, transparency and beneficial ownership. Delegates also discussed the assessments of measures to combat money laundering and terrorist financing in Switzerland and the United States. The Plenary issued a statement on Brazil's progress to address the serious deficiencies identified in its mutual evaluation reports, and the important issues that remain unresolved
  • 21 Oct 2016

    Improving Global AML/CFT Compliance: on-going process - 21 October 2016 The FATF recognised that Guyana had made significant progress in improving its regime to combat money laundering and terrorist financing and will therefore no longer be subject to the FATF’s monitoring process. The FATF identified jurisdictions which have strategic AML/CFT deficiencies for which they have developed an action plan with the FATF.
  • 21 Oct 2016

    Public Statement - 21 October 2016 In its public statement identifying jurisdictions with strategic deficiencies in anti-money laundering / countering the financing of terrorism measures, the FATF continues to calls on countries to apply counter-measures to the Democratic People's Republic of Korea.
  • 21 Oct 2016

    Guidance on Criminalising Terrorist Financing This Guidance paper on the criminalisation of terrorist financing will help countries implement each of the requirements of Recommendation 5, and explains the various aspects that the terrorist financing offence must cover in national legal systems.
  • 21 Oct 2016

    Guidance on Correspondent Banking This guidance explains the FATF’s requirements in the context of correspondent banking services to manage, rather than avoid, the money laundering and terrorist financing risks associated with these business relationships.
  • 16 Oct 2016

    Joint G20 ACWG-FATF Experts Meeting on Corruption Anti-money laundering/counter-terrorist financing experts and anti-corruption experts came together to discuss transparency and beneficial ownership during a joint FATF and G20 Anti-Corruption Working Group ACWG joint Experts Meeting on Corruption on 16 October 2016.
  • 13 Oct 2016

    FATF Plenary week from 16 – 21 October 2016 During the first Plenary meeting under the Spanish presidency, delegates will discuss, among other issues, the global response to terrorist financing, the decline of corresponding banking relationships, improving transparency and beneficial ownership, and the mutual evaluation reports of Switzerland and the United States.
  • 7 Oct 2016

    FATF Report to the G20 on Beneficial Ownership FATF's report to G20 sets out how the FATF is helping to improve transparency and prevent the misuse of companies, trust and other corporate vehicles. This includes the availability and exchange of beneficial ownership information.
  • 27 Sep 2016

    Singapore's measures to combat money laundering and terrorist financing The FATF conducted an assessment of Singapore’s anti-money laundering and counter-terrorist financing (AML/CFT) system, based on the 2012 FATF Recommendations, and using the 2013 Methodology. The assessment is a comprehensive review of the effectiveness of Singapore’s AML/CFT system and its level of compliance with the FATF Recommendations.
  • 20 Sep 2016

    Remarks for the Opening Ceremony of FATF TREIN FATF Executive Secretary David Lewis' remarks at the opening ceremony of the FATF Training and Research Institute TREIN in Korea, Busan.
  • 15 Sep 2016

    Canada's measures to combat money laundering and terrorist financing Canada has a strong anti-money laundering and combating the financing of terrorism (AML/CFT regime which achieves good results in some areas but requires further improvements to be fully effective.
  • 13 Sep 2016

    Austria's measures to combat money laundering and terrorist financing Austria has an overall sound legal and institutional anti-money laundering and counter-terrorist financing framework, but improvements are still needed in national policy coordination, assessment of risk, and targeted financial sanctions. Austria also needs to improve its effectiveness in applying these and a range of other measures.
  • 5 Sep 2016

    Opening Remarks ESAAMLG Council of Ministers FATF Executive Secretary David Lewis highlighted the urgent need for countries to effectively implement measures to protect their economies and the important role of the FATF-Style Regional Bodies and the assessments they conduct. Mr. Lewis made his comments during the opening remarks at the Eastern and Southern Africa Anti-Money Laundering Group ESAAMLG Council of Ministers meeting on 2 September 2016.
  • 5 Sep 2016

    Keynote speech ESAAMLG Public/Private Sector Dialogue FATF Executive Secretary David Lewis discusses improving the transparency of company ownership and control, countering terrorist financing and de-risking during his Keynote address at the Eastern and Southern Africa Anti-Money Laundering Group's Public/Private Sector Dialogue on 3 September 2016.
  • 17 Aug 2016

    Counter-Terrorist Financing Summit 2016: Regional Risk Assessment on Terrorism Financing Co-hosted by the financial intelligence agencies of Australia and Indonesia, the Counter-Terrorism Financing Summit 2016 took place on 11 August 2016. The event focused on developing regional solutions to terrorism financing issues and risks.
  • 1 Jul 2016

    Accessibility of financial services: challenges and opportunities for development FATF Executive Secretary David Lewis highlights the importance of financial inclusion for anti-money laundering and terrorist financing and the risks and opportunities of FinTech during his remarks at the International Financial Congress in St Petersburg on 1 July 2016.
  • 1 Jul 2016

    Objectives for the Spanish Presidency of the FATF 2016-2017 An overview of the objectives for the Spanish Plenary year July 2016-June 2017, as presented by FATF President Juan Manuel Vega-Serrano to the FATF Plenary in June 2016.
  • 27 Jun 2016

    Outcomes of the Plenary meeting of the FATF, Busan Korea, 22–24 June 2016 Delegates discussed improving transparency and beneficial ownership, and the global response to terrorist financing. The FATF adopted a new Standard for non-profit organisations, issued a statement on Iran and discussed the mutual evaluation reports of Austria, Canada and Singapore. During the list meeting under the Korean Presidency, delegates also heard an update of AML/CFT improvements in Myanmar and Papua New Guinea.
  • 24 Jun 2016

    Public Statement - 24 June 2016 The FATF has updated its public statement identifying jurisdictions with strategic deficiencies in anti-money laundering / countering the financing of terrorism measures. FATF continues to calls on countries to apply counter-measures to the Democratic People's Republic of Korea.
  • 24 Jun 2016

    Improving Global AML/CFT Compliance: on-going process – 24 June 2016 The FATF recognised that Myanmar and Papua New Guinea have made significant progress in improving their regimes to combat money laundering and terrorist financing and will therefore no longer be subject to the FATF’s monitoring process.The FATF identified jurisdictions which have strategic AML/CFT deficiencies for which they have developed an action plan with the FATF.
  • 9 Jun 2016

    FATF Plenary week from 18 – 24 June 2016 At the last Plenary under the Korean presidency, delegates will discuss important issues such as the global response to terrorist financing, improving transparency and beneficial ownership, and the mutual evaluation reports of Austria, Canada and Singapore.
  • 26 May 2016

    Evaluating the Benefits of National Risk Assessments FATF Executive Secretary David Lewis was invited as a key speaker to the 12th Annual ACAMS AML Financial Crime Conference Europe in London on 25 May 2016. Mr. Lewis spoke about national money laundering risk assessments, the corner stone of applying a risk-based approach to developing effective measures to protect the financial system.
  • 23 May 2016

    FATF at G7 meeting in Sendai FATF participated in the G7 Finance Ministers and Central Bank Governors' meeting on 21 May. The G7 committed to a new action plan to combat terrorist financing and expressed their support for the work of the FATF.
  • 20 May 2016

    AML/CFT and public-private sector partnership Financial intelligence offers huge opportunities to combat money laundering and counter terrorist financing. Public-private sector partnerships should be playing a much more effective role in safeguarding the integrity of the international financial system and contributing to safety and security.
  • 13 May 2016

    Mutual Evaluations What is involved in a mutual evaluation? A simple explanation of the various stages and parties involved in the assessment of the effectiveness of a country's measures to combat money laundering and the financing of terrorism and proliferation.
  • 12 May 2016

    Ending Impunity: Creating a level playing field by enforcing the conventions we have FATF Executive Secretary David Lewis' remarks at the 'Tackling corruption together' conference, London, 11 May 2016
  • 22 Apr 2016

    Public Consultation on the Revision of Recommendation 8 Non-profit organisations FATF is undertaking a focused and limited revision of the FATF Standard on non-profit organisations Recommendation 8. FATF welcomes the views and specific proposals from the public, and in particular the non-profit sector no later than 29 April 2016.
  • 21 Apr 2016

    Dialogue with the Private Sector FATF and private sector representatives met for the annual meeting of the private sector consultative forum on 19-20 April 2016. During this two-day event, in Vienna, Austria, hosted by the United Nations Office on Drugs and Crime UNODC, participants had an in-depth exchange of views on information sharing, correspondent banking and terrorist financing.
  • 19 Apr 2016

    FATF Consultation and Dialogue with Non-Profit Organisations at the UNODC Representatives of non-profit organisations NPOs, FATF members, observer delegations, as well as private sector guests met to discuss important issues that affect the NPO sector. These included the role of NPOs in fighting terrorism, and the ways in which the FATF standards can protect NPOs from terrorist abuse.
  • 15 Apr 2016

    Joint UN/FATF open briefing on depriving terrorist groups of sources of funding The joint UN/FATF open briefing provided an opportunity to discuss new and emerging terrorist financing trends and highlight initiatives to prevent and counter terrorist financing.
  • 14 Apr 2016

    Keynote speech by FATF President Je-Yoon Shin at the Joint UN/FATF open briefing on depriving terrorist groups of sources of funding During his speech, FATF President Shin highlights the need for an effective implementation of measures to combat money laundering and terrorist financing and the importance of FATF's partnership with the UN, as well as with the members of the Global Network of 9 regional bodies and 198 jurisdictions.
  • 12 Apr 2016

    Speech on the importance of the FATF Global Network FATF Executive Secretary David Lewis highlights the current priorities of FATF's work and emphasizes the importance of the work of FATF-Style Regional Bodies in their region and as part of the FATF Global Network.
  • 7 Apr 2016

    An effective system to combat money laundering and terrorist financing The objective of anti-money laundering and terrorist financing, and the various components that governments must implement, and the FATF will assess against.
  • 11 Mar 2016

    Annual Report 2014-2015 The annual report of the FATF under the Australian Presidency of Roger Wilkins AO.
  • 29 Feb 2016

    G20 Finance Ministers and Central Bank Governors resolved to combat terrorist financing and call on FATF to intensify its efforts G20 Finance Ministers and Central Bank Governors called on FATF to intensify efforts to identify and tackle terrorist financing loopholes at their February 2016 Meeting.
  • 22 Feb 2016

    Guidance for a Risk-Based Approach for Money or Value Transfer Services Money or Value Transfer Services MVTS providers play an important role in the international financial system, in particular for the migrant communities around the world. This Guidance will assist countries and their competent authorities, as well as the practitioners in the MTVS sector and in the banking sector that have or are considering MVTS providers as customers, to apply the risk-based approach to the development of measures to combat money laundering and terrorist financing for the MVTS sector.
  • 19 Feb 2016

    Outcomes of the Plenary meeting of the FATF, Paris, 17-19 February 2016 Terrorist financing remained the top priority for the FATF, during its third Plenary meeting under the Korean Presidency. Other issues the FATF Plenary discussed include the AML/CFT improvements in Algeria, Angola and Panama and the Guidance on the Risk-Based Approach for Money or Value Transfer Services. The FATF issued a statement concerning Brazil's continued failure to address the serious deficiencies identified in its mutual evaluation reports. FATF welcomed Malaysia as a member and Israel as an observer.
  • 19 Feb 2016

    Improving Global AML/CFT Compliance: on-going process – 19 February 2016 The FATF recognised that Algeria, Angola and Panama have made significant progress in improving their regimes to combat money laundering and terrorist financing and will therefore no longer be subject to the FATF’s monitoring process.The FATF identified jurisdictions which have strategic AML/CFT deficiencies for which they have developed an action plan with the FATF.
  • 19 Feb 2016

    FATF Public Statement – 19 February 2016 The FATF has updated its public statement identifying jurisdictions with strategic deficiencies in anti-money laundering / countering the financing of terrorism measures. FATF continues to calls on countries to apply counter-measures to Iran and the Democratic People's Republic of Korea.
  • 17 Feb 2016

    FATF-CIFG Communiqué FATF, CIFG and other international partners join forces to fight ISIL Da'esh finances.
  • 9 Feb 2016

    Italy's measures to combat money laundering and terrorist financing Italy has a strong legal and institutional framework to fight money laundering and terrorist financing and authorities have a good understanding of the risks the country faces. There are areas where improvements are needed such as its money laundering investigative and prosecutorial action on risks associated with self-laundering, standalone money laundering, and foreign predicate offences, and the abuse of legal persons.
  • 8 Feb 2016

    Combating terrorist financing as part of a complete strategy to defeat ISIL and prevent terrorist attacks During his address by FATF Je-Yoon Shin to the Chatham House conference on Countering Terrorist Financing, Mr. Shin sets out FATF's role to combat terrorist financing and the global state of play.
  • 17 Dec 2015

    The importance of urgent action to implement FATF's measures to counter terrorist financing and help defeat ISIL FATF President Je-Yoon Shin addressed the United Nations Security Council meeting of Finance Ministers to highlight the urgent action the FATF is taking to counter terrorist financing and the important partnership with UN.
  • 14 Dec 2015

    The Financial Action Task Force leads renewed global effort to counter terrorist financing In the light or recent terrorist atrocities, the FATF organised a special meeting on 12-14 December, to discuss the actions that jurisdictions are taking, and need to take, to combat the financing of the Islamic State of Iraq and the Levant ISIL and broader opportunities to strengthen global efforts to combat the financing of terrorism.
  • 10 Dec 2015

    FATF to hold special meeting on terrorist financing Recent terrorist atrocities have further highlighted the urgent need for countries globally to take effective action to cut off terrorist financing.
  • 30 Nov 2015

    Money Laundering Through the Physical Transportation of Cash Criminals often choose to remove their illicit assets from their bank account in order to break the audit trail by transport it to another country to spend it or reintroduce it into the banking system. This report identifies the methods and techniques that criminals use to transport funds across the border and highlights the main challenges that relevant border control agencies face to detect and disrupt these transports.
  • 26 Nov 2015

    Guidance on AML/CFT-related data and statistics High quality statistics can play an important role in demonstrating the effectiveness of measures to combat money laundering and terrorism. This guidance sets out the benefits of high quality statistics and provides examples of the collection, analysis and presentation of AML/CFT data and statistics.
  • 5 Nov 2015

    Public Consultation on the Revision of the Interpretive Note to Recommendation 8 Non-profit organisations The FATF welcomes views from the public, and in particular the non-profit sector, on work it is currently undertaking to rationalise the FATF Standard on non-profit organisations NPOs together with the results of the recently published Typologies Report and Best Practices Paper. The FATF is keen to involve the NPO sector in this process in order to ensure that practical knowledge and experience, in particular from service NPOs, can be properly reflected in the Interpretive Note to Recommendation 8.
  • 23 Oct 2015

    Outcomes of the FATF Plenary meeting, Paris, 21-23 October 2015 During the first Plenary under the Korean Presidency, the FATF focused on terrorist financing, the top priority for the FATF. Among other issues it discussed were the mutual evaluation report of Italy and the adoption of a number of reports, including a guidance for the effective supervision and enforcement of the financial sector and Money Laundering through the Physical Transportation of Cash. The FATF also updated its statements identifying high-risk and non-cooperative jurisdictions.
  • 23 Oct 2015

    Improving Global AML/CFT Compliance: on-going process – 23 October 2015 The FATF identified jurisdictions which have strategic AML/CFT deficiencies for which they have developed an action plan with the FATF. The FATF recognised that Indonesia has made significant progress in improving their AML/CFT regime and will therefore no longer be subject to the FATF’s monitoring process.
  • 23 Oct 2015

    FATF Public Statement - 23 October 2015 The FATF has updated its public statement identifying jurisdictions with strategic deficiencies in anti-money laundering / countering the financing of terrorism measures. FATF calls on countries to apply counter-measures to Iran and the Democratic People's Republic of Korea. FATF also calls its members to consider the risks emanating from Myanmar.
  • 23 Oct 2015

    FATF takes action to tackle de-risking The FATF continues to focus its efforts on de-risking, which is having a significant impact in certain regions and sectors.
  • 23 Oct 2015

    Guidance for a risk-based approach: effective supervision and enforcement by AML/CFT supervisors of the financial sector and law enforcement This Guidance is intended to assist countries in developing an effective supervisory and enforcement model that reflects the size and complexity of their financial services sector, and the degree of ML/TF risk to which it is exposed. This guidance describes the features of an effective supervisory and enforcement model and provides a good practices an illustrative case examples.
  • 21 Oct 2015

    Emerging Terrorist Financing Risks Terrorist organisations evolve over time, but what stays the same is their need to raise, move and use funds. This report provides an overview of the various financing mechanisms and financial management practices used by terrorists and terrorist organisations. It explores the emerging terrorist financing threats and vulnerabilities posed by foreign terrorist fighters FTFs, fundraising through social media, new payment products and services, and the exploitation of natural resources.
  • 17 Oct 2015

    Chairmen’s Summary of Outcomes from the Joint G20 ACWG / FATF Experts Meeting on Corruption Anti-money laundering/counter-terrorist financing experts and anti-corruption experts, and for the first time, experts from the private sector were invited to exchange views, knowledge and experiences on combating corruption and the laundering of related proceeds. As gatekeepers to the financial system, financial institutions play an important role in the fight against both corruption and money laundering.
  • 16 Oct 2015

    FATF Plenary week from 17 October to 23 October 2015 Terrorist financing is high on the agenda for the FATF Plenary week. This will be the first Plenary meeting under the Korean Presidency of Mr. Je-Yoon Shin.
  • 18 Sep 2015

    Malaysia's measures to combat money laundering and terrorist financing Overall, Malaysia has a robust legal AML/CFT framework with generally well-developed and implemented policies. Malaysia is an observer to FATF and is working with the FATF to meet the criteria for membership. In line with these criteria, Malaysia must bring its level of compliance up to a satisfactory level. To strengthen its AML/CFT framework, it needs to take a number of actions, such as further risk assessments of terrorist financing and foreign sources threats, a greater focus on obtaining convictions and confiscation and better use of financial intelligence by law enforcement agencies.
  • 20 Jul 2015

    Money laundering and terrorist financing risks and vulnerabilities associated with gold Gold has a stable value, is anonymous and easily transformable. This report identifies the features of gold and the gold trade that have made it an alternative means for criminals to transfer value and generate proceeds. Case studies and red flag indicators aim to raise awareness of the key vulnerabilities of the gold and the gold market.
  • 1 Jul 2015

    Objectives for the Korean Presidency of the FATF 2015-2016 An overview of the objectives for the Korean Plenary year July 2015-June 2016, as presented by FATF President Je-Yoon Shin to the FATF Plenary in June 2015.
  • 26 Jun 2015

    Guidance for a Risk-Based Approach to Virtual Currencies This Guidance is intended to explain the application of the risk-based approach to AML/CFT measures in the VC context; identify the entities involved in VCPPS; and clarify the application of the relevant FATF Recommendations to convertible virtual currency exchangers. This Guidance is also intended to help national authorities understand and potentially develop regulatory responses including the need to amend their national laws in order to address the ML/TF risk of VCPPS. This Guidance is also intended to help the private sector better understand the relevant AML/CFT obligations and how they can effectively comply with relevant requirements.
  • 26 Jun 2015

    Outcomes of the Plenary meeting of the FATF, Brisbane, 24-26 June 2015 During the last Plenary under the Australian Presidency, the FATF adopted a number of reports, such as revised best practices on combating the abuse of non-profit organisation and guidance for a risk-based approach to virtual currencies. The FATF issued a statement on 'de-risking' as well as updated statements concerning high-risk and non-cooperative jurisdictions. The FATF welcomed the Kingdom of Saudi Arabia as an as an observer to the FATF.
  • 26 Jun 2015

    Improving Global AML/CFT Compliance: on-going process – 26 June 2015 The FATF identified jurisdictions which have strategic AML/CFT deficiencies for which they have developed an action plan with the FATF. The FATF recognised that Indonesia has made significant progress in improving their AML/CFT regime and will therefore no longer be subject to the FATF’s monitoring process.
  • 26 Jun 2015

    Best Practices on Combating the Abuse of Non-Profit Organisations The NPO community provides vitally important services around the world. However, this sector is also abused by terrorists and terrorist organisations, from the creation of fake charities to funnel money to terrorists, to the abuse of legitimate NPOs without the knowledge of its donors, management, or staff. With input from governments and the private sector, including NPOs, the FATF has revised its best practices, aimed at preventing misuse of NPOs for the financing of terrorism while, at the same time, respecting legitimate actions of NPOs.
  • 26 Jun 2015

    FATF Public Statement - 26 June 2015 The FATF has updated its public statement identifying jurisdictions with strategic deficiencies in anti-money laundering / countering the financing of terrorism measures. FATF calls on countries to apply counter-measures to Iran and the Democratic People's Republic of Korea. FATF also calls its members to consider the risks emanating from Algeria and Myanmar.
  • 26 Jun 2015

    Drivers for "de-risking" go beyond anti-money laundering / terrorist financing The FATF issued a statement and set out a future work plan on "de-risking" when financial institutions terminate or restrict business relationships with categories of customer.
  • 23 Apr 2015

    Belgium’s regime for combatting money laundering and terrorist financing is well established; however, certain elements are not yet fully in line with the 2012 FATF Recommendations FATF has published the Mutual Evaluation Report of Belgium, which reviews its anti-money laundering and counter-terrorist financing measures. Belgium has the core elements of a sound anti-money laundering and counter-terrorist financing (AML/CFT regime, although some elements are not yet fully in line with the 2012 FATF Recommendations, according to a new report by the Financial Action Task Force.
  • 23 Apr 2015

    Belgium's measures to combat money laundering and terrorist financing This report provides a summary of the anti-money laundering (AML) / counter-terrorist financing (CFT) measures in place in Belgium as at the date of the on-site visit (30 June to 15 July 2014). The report analyses the level of compliance with the FATF 40 Recommendations and the level of effectiveness of Belgium’s AML/CFT system, and provides recommendations on how the system could be strengthened.
  • 21 Apr 2015

    Australia has a mature regime for combating money laundering and terrorist financing, but certain key areas remain unaddressed, says FATF FATF has published the Mutual Evaluation Report of Australia, which reviews its anti-money laundering and counter-terrorist financing measures. Australia has strong legal, law enforcement and operational measures for combating money laundering and terrorism financing, but important improvements are needed in a number of key areas, according to a new report by the Financial Action Task Force and the Asia/Pacific Group on Money Laundering.
  • 21 Apr 2015

    Australia's measures to combat money laundering and terrorist financing This report provides a summary of the anti-money laundering (AML) /counter-terrorist financing (CFT) measures in place in Australia as at the date of the on-site visit (30 July - 12 August 2014). It analyses the level of compliance with the FATF 40 Recommendations and the level of effectiveness of Australia's AML/CFT system, and provides recommendations on how the system could be strengthened.
  • 17 Apr 2015

    Bosnia and Herzegovina: insufficient progress on amendments to anti-money laundering legislation The Council of Europe’s anti-money laundering body MONEYVAL adopted a public statement on the insufficient progress by Bosnia and Herzegovina on the Criminal Code and the implementation of by-laws to the preventive law.
  • 27 Mar 2015

    Dialogue with the Private Sector FATF and private sector representatives met for the annual meeting of the private sector consultative forum. During this two-day event, FATF received useful input from the private sector on important issues that included recent developments related to terrorism and terrorist financing risks, and an exchange of views on "de-risking".
  • 26 Mar 2015

    Consultation and Dialogue with Non-Profit Organisations Participants from NPOs, financial institutions, FATF members and observer delegations met for an in-depth exchange of views on a number of important issues affecting the NPO sector. These include the FATF’s ongoing work to revise its Best Practices Paper on Combating the Abuse of Non-Profit Organisations, the need to avoid a “one-size-fits-all” approach to effectively combat terrorist abuse of NPOs given that not all NPOs are at high risk, and the importance of ensuring that misinterpretation or poor implementation of the FATF standards does not adversely impact legitimate charitable activities of NPO.
  • 12 Mar 2015

    Keynote speech: Current FATF agenda and priorities FATF's current priorities include the development of proposals to strengthen counter-terrorism financing tools and the need to ensure that the risk-based approach becomes the cornerstone to an effective AML/CFT system, where risks are properly managed. FATF Vice-President Je-Yoon SHIN delivered his keynote speech at the Thomson Reuters – 2nd Annual Japanese Regulatory Summit.
  • 27 Feb 2015

    FATF Action on Terrorist Finance Using the findings of the FATF report on the sources and methods of financing of ISIL, the FATF and the FATF-Style Regional Bodies will work together with international organisations to develop proposals to strengthen all counter-terrorism financing tools and to ensure that they are working effectively.
  • 27 Feb 2015

    Outcomes of the Plenary meeting of the FATF, Paris, 25-27 February 2015 During the second Plenary meeting under the Australian Presidency, the FATF issued a statement on FATF action on terrorist finance, and adopted a report on the financing of terrorist organisation Islamic State in Iraq and the Levant ISIL. The FATF Plenary discussed the mutual evaluation reports for Australia and Belgium, and updated its statements concerning high-risk and non-cooperative jurisdictions.
  • 27 Feb 2015

    Financing of the Terrorist Organisation Islamic State in Iraq and the Levant This FATF report provides a summary of the most important revenue sources and financial activities of ISIL and highlights a number of new and existing measures to disrupt its financing. It will contribute to FATF work to identify existing and new countermeasures to combat terrorist financing and ISIL in particular.
  • 27 Feb 2015

    Improving Global AML/CFT Compliance: on-going process – 27 February 2015 The FATF identified jurisdictions which have strategic AML/CFT deficiencies for which they have developed an action plan with the FATF. The FATF recognised that Albania, Cambodia, Kuwait, Namibia, Nicaragua, Pakistan and Zimbabwe have made significant progress in improving their AML/CFT regime and will therefore no longer be subject to the FATF’s monitoring process.
  • 27 Feb 2015

    FATF Public Statement - 27 February 2015 The FATF has updated its public statement identifying jurisdictions with strategic deficiencies in anti-money laundering / countering the financing of terrorism measures. FATF calls on countries to apply counter-measures to Iran and the Democratic People's Republic of Korea. FATF also calls its members to consider the risks emanating from Algeria, Ecuador and Myanmar.
  • 25 Feb 2015

    FATF Plenary meeting opens with terrorist financing high on the agenda The three-day Plenary meeting of the FATF started today with a speech by Mr. Michel Sapin, French Minister of Finance and Public Accounts. The FATF Plenary meeting brings together representatives from the FATF Global network of over 190 countries. This meeting will have a particular focus on the issue of terrorist financing, and the financing of terrorist organisation ISIL.
  • 19 Dec 2014

    Many countries are still not able to freeze terrorists’ assets effectively, says FATF President Roger Wilkins, AO Cutting terrorists’ resources is an effective measure to stop terrorism. However, FATF assessments demonstrate that in practice, most countries are still not able to freeze terrorists’ assets effectively, says FATF President Roger Wilkins AO at a briefing to the United Nations Security Council Counter Terrorism Committee on 18 December 2014.
  • 18 Dec 2014

    Norway has some good measures to combat money laundering and terrorist financing, but significant weaknesses undermine overall effectiveness, says FATF FATF has published the Mutual Evaluation Report of Norway, which reviews its anti-money laundering and counter-terrorist financing measures. Norway has taken some good initiatives to combat money laundering and terrorist financing, but needs to establish overarching policies and strategies, and address significant weaknesses in a number of key areas.
  • 18 Dec 2014

    Norway’s measures to combat money laundering and terrorist financing This report provides a summary of the anti-money laundering (AML) /counter-terrorist financing(CFT) measures in place in Norway as at the date of the on-site visit (27 March to 11 April 2014). It analyses the level of compliance with the FATF 40 Recommendations and the level of effectiveness of Norway’s AML/CFT system, and provides recommendations on how the system could be strengthened.
  • 5 Dec 2014

    Spain’s measures to combat money laundering and terrorist financing This report provides a summary of the anti-money laundering (AML) / counter-terrorist financing(CFT) measures in place in Spain as at the date of the on-site visit (21 April to 7 May 2014). It analyses the level of compliance with the FATF 40 Recommendations and the level of effectiveness of Spain’s AML/CFT system, and provides recommendations on how the system could be strengthened.
  • 5 Dec 2014

    Spain has strong measures to combat money laundering and terrorist financing but improvements needed, says FATF FATF has published the Mutual Evaluation Report of Spain, which reviews its anti-money laundering and counter-terrorist financing measures. The Spanish government has made great efforts to update its laws and institutions to deal with these risks, but some improvements are needed in certain key areas.
  • 10 Nov 2014

    FATF welcomes Manama declaration: a valuable step forward in the fight against terrorism in the MENA region The FATF participated in the Manama Meeting on Combating the Financing of Terrorism, which was held in Bahrain on 9 November 2014. The closing declaration highlighted the commitment of the participating countries to combat the financing of terrorist groups and activities in all its forms. It emphasized the need for a full and effective implementation of the FATF Recommendations and an active participation in the FATF's global network.
  • 26 Oct 2014

    Guidance on Transparency and Beneficial Ownership The FATF has adopted guidance which will help policy makers and practitioners in national authorities to identify, design and implement risk-based measures to prevent the misuse of corporate vehicles for the purpose of money laundering, terrorist financing and other illicit purposes. These measures will also support efforts to prevent other serious crimes such as tax crimes and corruption.
  • 26 Oct 2014

    Risk-Based Approach for the Banking Sector The risk-based approach is an essential component of the effective implementation of the FATF Recommendations. Countries, competent authorities and reporting entities are expected to identify, assess and understand the money laundering / terrorist financing risks they are exposed to so that they can develop the appropriate measures to mitigate these risks. This guidance will help in the design and implementation of this approach for the banking sector, taking into account national risk assessments and the national legal and regulatory framework.
  • 24 Oct 2014

    Outcomes of the Plenary meeting of the FATF, Paris, 22-24 October 2014 During the first Plenary meeting under the Australian Presidency, the FATF adopted a number of reports, such as a guidance on transparency and beneficial ownership and risk-based approach guidance for the banking sector. It reviewed voluntary tax compliance programmes in several jurisdictions and updated its statements concerning high-risk and non-cooperative jurisdictions.
  • 24 Oct 2014

    FATF action on the terrorist group ISIL The FATF expressed concern with the financing generated by and provided to the terrorist group the Islamic State of Iraq and the Levant ISIL. FATF experts will work together to gain a better insight into sources and methods of funding of ISIL.
  • 24 Oct 2014

    Improving Global AML/CFT Compliance: on-going process – 24 October 2014 The FATF identified jurisdictions which have strategic weaknesses in their anti-money laundering and counter terrorist financing (AML/CTF) framework. These countries have developed an action plan with the FATF to address these AML/CTF weaknesses. FATF congratulates Argentina, Cuba, Ethiopia, Tajikistan and Turkey for the strategic progress made in addressing the AML/CFT deficiencies earlier identified by the FATF.
  • 24 Oct 2014

    Public Statement - 24 October 2014 The FATF has updated its public statement identifying jurisdictions with strategic deficiencies in anti money-laundering / countering the financing of terrorism measures. FATF calls on countries to apply counter-measures to Iran and the Democratic People's Republic of Korea. FATF also calls its members to consider the risks emanating from Algeria, Ecuador, Indonesia and Myanmar.
  • 23 Oct 2014

    FATF clarifies risk-based approach: case-by-case, not wholesale de-risking The FATF Plenary discussed the issue of de-risking and published a statement emphasizing that the risk-based approach should be the cornerstone of an effective system to combat money laundering and the financing of terrorism, and is essential to properly managing risks.
  • 22 Oct 2014

    Mutual Evaluation of Turkey : 15th Follow-Up Report Turkey has made significant progress in addressing deficiencies in its measures to combat money laundering and the financing of terrorism, as identified in its February 2007 mutual evaluation report. This follow-up report provides an overview of the main changes since the 2007 evaluation of Turkey's level of compliance with the FATF Recommendations.
  • 21 Oct 2014

    FATF Annual Report 2013-2014 The annual report of the Russian Presidency.
  • 20 Oct 2014

    President’s Summary of Outcomes from the Experts’ Meeting on Corruption The FATF and the G20 Anti-Corruption Working Group jointly organised an Experts' Meeting on Corruption on Saturday, 18 October 2014 to discuss issues of common interest.
  • 16 Oct 2014

    Meeting of the FATF Plenary, Paris 22-24 October 2014 The 36 members of the Financial Action Task Group FATF and representatives from the FATF-Style Regional Bodies will meet in Paris to discuss the mutual evaluation reports of Norway and Spain and review the implementation of measures taken by countries with weak systems to combat money laundering and terrorist financing. The FATF is also expected to adopt guidance to assist banks applying the risk-based approach and guidance on transparency and beneficial ownership.
  • 15 Oct 2014

    The danger of driving both illicit markets and financial exclusion FATF President Roger Wilkins addresses the issue of ‘de-risking’. Applying FATF’s standards to combat money laundering and countering the financing of terrorism, requires financial institutions to carry out a process of customer due diligence. The standards do not require a rigid, blanket application of that requirement, but specifically call for a proper risk analysis: the risk-based approach. When it comes to innovation, regulators need to be flexible, focusing on dealing with threats and dangers but not at the expense of killing off innovation.
  • 6 Oct 2014

    FATF President contributes to global standard-setting bodies' discussion on financial inclusion At the 3rd high-level meeting on financial inclusion and global standard-setting bodies on 2 October 2014, FATF President Roger Wilkins AO reiterated FATF's strong commitment to support financial inclusion goals.
  • 24 Jul 2014

    Remarks by the incoming FATF President 2014-2015, Roger Wilkins AO Roger Wilkins addressed the FATF Plenary in June 2014 to set out his priorities for the Australian Plenary. A central priority for the 2014-2015 Plenary year will be to ensure that the new mutual evaluation process runs smoothly and efficiently, with a particular focus on quality and consistency of the evaluations conducted by all assessment bodies.
  • 24 Jul 2014

    Financial flows linked to the production and trafficking of Afghan opiates This report aims to raise awareness about the financial flows related to the Afghan opiate trade and the interrelationship between drug trafficking and terrorist financing. It analyses how the financial transactions related to the Afghan opiates trade are conducted, which will assist in the detection of opiate-related financial transactions. It also provides financial centres with information about the factors that make them attractive and vulnerable to financial transactions involving proceeds of drug trade.
  • 1 Jul 2014

    Objectives for the Australian Presidency of the FATF 2014-2015 An overview of the objectives for the Australian Plenary year July 2014-June 2015, as presented by FATF President Roger Wilkins to the FATF Plenary in June 2014.
  • 27 Jun 2014

    Mutual Evaluation of Korea: 8th Follow-up Report Since its mutual evaluation of 2009, Korea has taken sufficient measures to bring its anti-money laundering and countering the financing of terrorism (AML/CFT system in line with the FATF Recommendations. The follow-up report contains a detailed description and analysis of the actions taken by Korea in respect of all of the Recommendations rated partially compliant and non-compliant.
  • 27 Jun 2014

    Mutual Evaluation of Argentina : 11th Follow-Up Report Argentina has made sufficient progress in implementing the technical requirements of the Core and Key Recommendations and has been removed from the follow-up process. Argentina was submitted to the follow-up process since the adoption of its mutual evaluation report in 2010.
  • 27 Jun 2014

    Mutual Evaluation of Germany: 3rd Follow-up Report Germany has made sufficient progress in addressing the deficiencies identified in its 2010 mutual evaluation report. The FATF Plenary decided at its June 2014 meeting that the country could be removed from the regular follow-up process. This follow-up report contains a detailed description and analysis of the actions taken by Germany to strengthen its anti-money laundering and countering the financing of terrorism framework.
  • 27 Jun 2014

    End of the 3rd Round of Assessments and Beginning of the 4th Round The third round of evaluations, has resulted in FATF member countries significantly strengthening their frameworks for combating money laundering and terrorist financing The FATF has started its fourth round of mutual evaluations with the assessments of Australia, Belgium, Norway and Spain.
  • 27 Jun 2014

    Outcomes from the meeting of the FATF Plenary, Paris, 25-27 June 2014 During the last Plenary meeting under the Russian Presidency, the FATF adopted a number of reports, such as a typologies report on the risk of terrorist financing abuse of non-profits, and the key definitions and potential AML/CFT risks of virtual currencies. It reviewed voluntary tax compliance programmes in several jurisdictions and updated its statements concerning high-risk and non-cooperative jurisdictions.
  • 27 Jun 2014

    Virtual Currencies: Key Definitions and Potential AML/CFT Risks This report establishes a set of key definitions. It provides a number of law enforcement examples of money laundering offences involving virtual currencies to demonstrate how this payment method has already been abused for money laundering purposes.
  • 27 Jun 2014

    Risk of terrorist abuse in non-profit organisations Terrorist organisations need funds, material, personnel and public influence to carry out their illegal activities. Non-profit organisations NPO rely on the same capabilities to further their legitimate and good causes. This typologies report examines in detail, how and where NPOs are at risk of terrorist abuse and provides a number of red flag indicators to help all stakeholders identify and investigate possible cases of abuse.
  • 27 Jun 2014

    Improving Global AML/CFT Compliance: on-going process - 27 June 2014 The FATF identified jurisdictions which have strategic weaknesses in their anti-money laundering and counter terrorist financing (AML/CTF) framework. These countries have developed an action plan with the FATF to address these AML/CTF weaknesses. The FATF recognised that Kenya, Kyrgyzstan, Mongolia, Nepal and Tanzania made significant progress in improving their AML/CTF regime and will therefore no longer be subject to the FATF’s monitoring process.
  • 27 Jun 2014

    FATF Public Statement - 27 June 2014 The FATF has updated its public statement issued in February 2014 which identifies jurisdictions with strategic anti-money laundering and countering the financing of terrorism (AML/CFT deficiencies.
  • 23 Jun 2014

    FATF Targeted Financial Sanctions Experts' meeting If implemented effectively, targeted financial sanctions are an important means to deprive terrorist and proliferation financiers of their funds, thereby protecting citizens from the threats of crime, terrorism and weapons of mass destruction. To increase collaboration, coordination and sharing of information between the relevant bodies, this meeting brought together targeted financial sanction experts from 51 countries and 16 organisations.
  • 30 May 2014

    CFATF decides to call for counter measures against Guyana and recognises significant progress made by Belize The Caribbean Financial Action Task Force has identified Guyana, as a jurisdiction with strategic AML/CFT deficiencies and has called on its members and other jurisdictions to apply counter-measures to protect the international financial system from the on-going and substantial money laundering and terrorist financing (ML/TF) risks emanating from Guyana. CFATF has referred Guyana to the FATF. CFATF recognised the significant progress made by Belize to address AML/CFT deficiencies.
  • 4 Apr 2014

    Speech by FATF President Vladimir Nechaev at the Caribbean Financial Action Task Force regional conference In his remarks, Mr. Nechaev outlined the most important changes to the FATF Recommendations, the assessment methodology and procedures. He also emphasized the need for a consistent approach to assessments conducted by the FATF and FSRBs.
  • 3 Apr 2014

    Speech by FATF President Vladimir Nechaev at the 3rd Caribbean Conference on the International Financial Services Sector FATF President Vladimir Nechaev's empasized the importance of effectively implemented FATF Recommendations and the need to address non-compliance in the Caribbean region in order for the international financial services sector to flourish in this sector. Mr. Nechaev made his remarks at the 3rd Caribbean Conference on the International Financial Services Sector in Nassau, the Bahamas on 2 April 2014.
  • 27 Mar 2014

    Dialogue with the private sector The FATF met with representatives of the private sector on 25 and 26 March 2014 to discuss updates to the guidance on the application of the risk-based approach in their relevant sector. The meeting also provided an opportunity to hear about issues of concern or interest to the private sector.
  • 25 Mar 2014

    FATF AML/CFT and data protection experts' seminar Discussions at the AML/CFT and Data Protection Experts Seminar, organised by the FATF and hosted by the European Commission, focused on the need for consistency in the anti-money laundering/combating the financing of terrorism (AML/CFT) and data protection requirements and on the importance of effective compliance with FATF Recommendations. Experts on AML/CFT and data protection, as well as relevant private sector experts, met in Brussels on 24 March to exchange views and map common issues.
  • 17 Mar 2014

    Mutual Evaluation of Mexico: 7th Follow-up Report Mexico has made significant progress in addressing the deficiencies in its anti-money laundering / countering the financing of terrorism regime. As result of this progress, Mexico has been removed from the regular follow-up process. The February 2014 follow-up report to the mutual evaluation of Mexico contains a detailed description and analysis of the actions taken by Mexico to remove the deficiencies identified in the 2008 mutual evaluation report.
  • 27 Feb 2014

    Setting and Implementing Global Standards against Money Laundering and Terrorist Financing FATF President Vladimir Nechaev's remarks to the Institute of International and European Affairs.
  • 17 Feb 2014

    Mutual Evaluation of Canada: 6th Follow-up Report In February 2014, the FATF recognised that Canada had made significant progress in addressing deficiencies identified in the February 2008 mutual evaluation report and decided that the country should be removed from the regular follow-up process. This follow-up report provides an overview of the main changes made to the AML/CFT system in Canada since the 2008 mutual evaluation.
  • 14 Feb 2014

    Mutual Evaluation of the Netherlands: 2nd Follow-up Report This follow-up report provides an overview of the main changes made to the AML/CFT system in the Netherlands since the adoption of its mutual evaluation report in February 2011. In February 2014, the FATF recognised that the Netherlands had made significant progress in addressing deficiencies identified in its mutual evaluation report and decided that the country should be removed from the regular follow-up process.
  • 14 Feb 2014

    Mutual Evaluation of the Aruba, Kingdom of the Netherlands: 8th Follow-up Report This follow-up report provides an overview of the main changes made to the AML/CFT system in Aruba, Kingdom of the Netherlands since the October 2009 mutual evaluation. Since the adoption of its October 2009 Mutual Evaluation Report, Aruba, Kingdom of the Netherlands has made significant progress in addressing deficiencies identified in the October report. In February 2014, the FATF decided that the country should be removed from the regular follow-up process.
  • 14 Feb 2014

    Mutual Evaluation of Luxembourg: 6th Follow-up Report In February 2014, the FATF recognised that Luxembourg had made significant progress in addressing deficiencies identified in the February 2010 mutual evaluation report and decided that the country should be removed from the regular follow-up process. This follow-up report provides an overview of the main changes made to the AML/CFT system in Luxembourg since the 2010 mutual evaluation.
  • 14 Feb 2014

    Mutual Evaluation of Austria: 3rd Follow-up Report In February 2014, the FATF recognised that Austria had made significant progress in addressing deficiencies identified in the June 2009 mutual evaluation report and decided that the country should be removed from the regular follow-up process. This follow-up report provides an overview of the main changes made to the AML/CFT system in the Austria since the 2009 mutual evaluation.
  • 14 Feb 2014

    Outcomes from the meeting of the FATF Plenary, Paris 12-14 February 2014 The FATF Plenary updated its statements identifying high-risk and non-cooperative jurisdictions. The Plenary adopted the follow-up reports to the mutual evaluations of Aruba Kingdom of the Netherlands, Austria, Canada, Luxembourg, Mexico and the Netherlands and reviewed the voluntary tax compliance programmes in several jurisdictions.
  • 14 Feb 2014

    FATF Public Statement - 14 February 2014 The FATF has updated its public statement issued in October 2013 which identifies jurisdictions with strategic anti-money laundering and countering the financing of terrorism (AML/CFT deficiencies.
  • 14 Feb 2014

    Improving Global AML/CFT Compliance: on-going process - 14 February 2014 The FATF identified jurisdictions which have strategic AML/CFT deficiencies for which they have developed an action plan with the FATF. The FATF recognised that Antigua and Barbuda, Bangladesh and Vietnam have made significant progress in improving their AML/CFT regime and will therefore no longer be subject to the FATF’s monitoring process.
  • 31 Jan 2014

    Money laundering and terrorist financing through trade in diamonds This typologies report identifies the ML/TF vulnerabilities and risks of the “diamond pipeline”, which covers all sectors in the diamond trade: production, rough diamond sale, cutting and polishing, jewellery manufacturing and jewellery retailers. The report concludes that the diamonds trade is subject to considerable vulnerabilities and risks.
  • 12 Dec 2013

    Speech by FATF President Vladimir Nechaev at the GAFISUD Plenary meeting FATF President Vladimir Nechaev commends GAFISUD's contribution to the FATF Global Network. GAFISUD has been one of the strongest FATF-style regional bodies since its creation in 2000. It's membership has been steadily increasing in recent years, and this GAFISUD will be the first to adopt a mutual evaluation based on the new FATF Recommendations.
  • 9 Dec 2013

    Speech by FATF President Vladimir Nechaev at the MONEYVAL Plenary meeting In his remarks at the MONEYVAL Plenary meeting, Vladimir Nechaev, current FATF President and former MONEYVAL President, highlights the importance of MONEYVAL in the FATF Global Network.
  • 5 Dec 2013

    Commitment to improve AML/CFT in the MENA region The Middle East and North Africa Financial Action Task Force MENAFATF is working towards the application of consistent and rules-based arrangements for the follow-up process to mutual evaluations. In his speech to the MENAFATF Plenary in Bahrain, FATF President Vladimir Nechaev welcomed the progress made by MENAFATF in this area. He stressed that a strong and rigorous long-term follow-up process is key to improving national systems for combating money laundering and terrorist financing. During his remarks at the Plenary, Mr Nechaev also highlighted recent changes and further challenges ahead for the FATF Global Network.
  • 3 Dec 2013

    The role of Hawala and other similar service providers in money laundering and terrorist financing Hawalas and other similar service providers HOSSPs arrange for transfer and receipt of funds or equivalent value and settle through trade, cash, and net settlement over a long period of time. What makes them distinct from other money transmitters is their use of non-bank settlement methods. This typology report looks at the extent of their vulnerability to money laundering and terrorist financing.
  • 21 Nov 2013

    CFATF decides to call for counter measures against Belize and Guyana The Caribbean Financial Action Task Force has identified Belize and Guyana, as jurisdictions with strategic AML/CFT deficiencies that pose a risk to the international financial system. Belize and Guyana are subject a call by CFATF on its members and other jurisdictions to apply counter-measures to protect the international financial system from the on-going and substantial money laundering and terrorist financing (ML/TF risks emanating from these countries. Domenica has made sufficient progress in addressing deficiencies since the public statement of May 2013.
  • 20 Nov 2013

    Successful reform of the Caribbean Financial Action Task Force FATF President Vladimir Nechaev congratulates CFATF with the results of the reform process it started three years ago. As a result of its efforts, CFATF has overcome challenges that it previously faced in a manner that should ensure that the reforms are lasting. In his remarks at the CFATF Plenary Meeting, Mr. Nechaev also set out future priorities for the FATF Global Network, in particular the fourth round of assessments and the resources that are needed by all assessment bodies to ensure quality and consistency of assessments.
  • 18 Nov 2013

    FATF Recommendations support United Nations instruments The FATF Recommendations elaborate on financial aspects contained in United Nations instruments such as UN conventions and UN Security Council Resolutions and help countries implement these requirements. At an open briefing by UN Security Council Sanctions Committees and the FATF, Mr Vladimir Nechaev, FATF President, highlighted how the connection between the FATF and the UN has been further strengthened by UN Security Council Resolutions and revisions to the FATF Standards and assessment methodology.
  • 15 Nov 2013

    FATF President's Speech to the EAG Plenary FATF President's Vladimir Nechaev addressed the meeting of the FATF-Style Regional Body the Eurasian GroupEAGon 14 November 2013.
  • 12 Nov 2013

    Terrorist Financing in West Africa This report identifies the methods used by terrorists, terrorist groups, and their supporters in the West African region to collect, transfer and utilise funds. The report aims to help policymakers, regulatory and enforcement authorities as well as reporting entities to gain a better understanding of the nature and dynamics of terrorist financing in the West African region.
  • 21 Oct 2013

    Mutual Evaluation of the Russian Federation: 6th Follow-up Report The October 2013 follow-up report contains a detailed description and analysis of the actions taken by the Russian Federation in respect of the core and key Recommendations rated partially compliant or non-compliant in the 2008 mutual evaluation report.
  • 21 Oct 2013

    Mutual Evaluation of New Zealand: 2nd Follow-up Report This follow-up report provides an overview of the main changes made to the AML/CFT system in New Zealand since the adoption of its mutual evaluation report in October 2009. In October 2013, the FATF recognised that New Zealand had made significant progress in addressing deficiencies identified in its mutual evaluation report and decided that the country should be removed from the regular follow-up process.
  • 18 Oct 2013

    Outcomes from the Plenary meeting of the FATF, Paris, 16-18 October 2013 The FATF Plenary updated its statements identifying high-risk and non-cooperative jurisdictions. The Plenary adopted the follow-up reports to the mutual evaluations of New Zealand and the Russian Federation. FATF also adopted a number of reports, such as best practices on the use of the FATF Recommendations to combat corruption, and terrorist financing in West Africa. The FATF also reviewed the impact of new voluntary tax compliance programmes of Argentina and Belgium on anti-money laundering and countering the financing of terrorism measures.
  • 18 Oct 2013

    Improving Global AML/CFT Compliance: On-going Process, 18 October 2013 As part of its ongoing review of compliance with the AML/CFT standards, the FATF has identified jurisdictions which have strategic AML/CFT deficiencies for which they have developed an action plan with the FATF.
  • 18 Oct 2013

    FATF Public Statement, 18 October 2013 The FATF has updated its public statement issued in June 2013 which identifies jurisdictions with strategic anti-money laundering and countering the financing of terrorism (AML/CFT deficiencies.
  • 18 Oct 2013

    Best Practices Paper: The Use of the FATF Recommendations to Combat Corruption The FATF Recommendations target money laundering and terrorist financing, and are also powerful tools to combat corruption. When effectively implemented, the FATF Recommendations facilitate the detection, tracing and confiscation of corruption proceeds. Although mutually reinforcing, AML/CFT and anti-corruption efforts are not always brought together effectively. The G20 Leaders’ Declaration from the St. Petersburg Summit highlights that leveraging AML/CFT measures to fight corruption will remain a significant area of growing cooperation between the G20 anti-corruption experts and the FATF. This paper is an important step, giving guidance and best practices to policy makers and practitioners on how to use AML/CFT measures to combat corruption.
  • 14 Oct 2013

    President's Summary of Outcomes from the Experts’ Meeting on Corruption, 12 October 2013 The FATF and the G20 Anti-Corruption Working Group jointly convened an Experts Meeting on Corruption on Saturday, 12 October 2013. The meeting, chaired by FATF President Vladimir Nechaev, brought together anti-money laundering and counter-terrorist financing experts and anti-corruption experts from 27 jurisdictions and 15 organisations for the purpose of discussing issues of mutual interest.
  • 7 Oct 2013

    FATF Annual Report 2012-2013 The annual report of the Norwegian Presidency. Under the Presidency of Bjørn Aamo of Norway, the FATF achieved a key milestone with the adoption of the revised Methodology for assessing compliance with the FATF Recommendations and the effectiveness of anti-money laundering and countering the financing of terrorism (AML/CFT systems.
  • 4 Oct 2013

    Speech by M. Vladimir Nechaev, Meeting of GABAC, 2 October 2013 [French only]. The FATF President, Mr. Vladimir Nechaev, congratulates the Groupe d'Action Contre le Blanchiment d'Argent en Afrique Centrale GABAC on the progress it has made which has enabled it to obtain FATF observership status. In his speech to the GABAC Ministers on 2 October 2013, he stressed that Observership status is only a first step. More progress is needed in order for GABAC to be recognised as an integral part of the global network in the fight against money laundering and terrorist financing.
  • 9 Sep 2013

    G8 Public-Private Sector Dialogue on anti-money laundering and countering the financing of terrorism (AML/CFT) As part of the G8 Presidency economic initiative, Her Majesty’s Treasury, the US Department of Treasury and the Eastern and Southern Africa Anti-Money Laundering Group (ESAAMLG), organised the first Sub-Saharan African AML/CFT Public-Private Sector Dialogue. In his remarks at the meeting, FATF President Vladimir Nechaev welcomed this initiative, which reflects the need to enhance engagement with the private sector to achieve cost-effective and efficient AML/CFT regimes. This meeting, which brought together public and private sector officials responsible for AML/CFT and business development in Sub-Saharan Africa, was aimed at facilitating the development and implementation of robust AML/CFT regimes, based on the revised FATF Recommendations, and to overcome the specific challenges met at regional level.
  • 6 Sep 2013

    Anti-money laundering and countering the financing of terrorism in eastern and southern Africa FATF President Vladimir Nechaev encourages eastern and southern African countries to enhance their efforts to address their anti-money laundering and countering the financing of terrorism (AML/CFT) deficiencies. In his comments to the Council of Ministers of the Eastern and Southern Africa Anti-Money Laundering Group (ESAAMLG), he invited countries in the region to conduct risk assessment at national level, as a central element for the efficient implementation of the revised FATF AML/CFT requirements.
  • 23 Jul 2013

    G20 support for FATF’s work on fighting money laundering and terrorist financing G20 Finance Ministers and Central Bank Governors met in Moscow on 19-20 July 2013. In their final communiqué, they reiterated their commitment to FATF’s work, in particular the identification of high-risk jurisdictions with strategic anti-money laundering / countering the financing of terrorism deficiencies.
  • 16 Jul 2013

    The role of the Asia/Pacific Group on Money Laundering in the global AML/CFT network FATF President Vladimir Nechaev highlighted the importance of a strong global AML/CFT network, particularly since money laundering, terrorist financing, and the financing of proliferation are transnational activities. In his keynote address at the annual meeting of the Asia/Pacific Group on Money Laundering (APG) he also recognised the very important role the APG plays in the Global AML/CFT Network and congratulated the APG on its excellent work undertaken for over 15 years to foster implementation of the FATF standards in the Asia/Pacific region.
  • 4 Jul 2013

    Mutual Evaluation of Ireland: 11th Follow-up Report This follow-up report provides an overview of the main changes made to the AML/CFT system in Ireland since the adoption of its mutual evaluation report in June 2006. In June 2013, the FATF recognised that Ireland had made significant progress in addressing deficiencies identified in its mutual evaluation report and decided that the country should be removed from the regular follow-up process.
  • 4 Jul 2013

    Enhancing the synergy between the FATF and the Egmont Group FATF President Vladimir Nechaev adressed the 21st Plenary meeting of the Egmont Group on Financial Intelligence Units. Financial Intelligence Units are at the heart of each country’s anti-money laundering and countering the financing of terrorism system. In his speech, Mr. Nechaev underscored the importance of the partnership between the FATF and the Egmont Group.
  • 1 Jul 2013

    Objectives for FATF-XXV 2013-2014 Mr. Vladimir Nechaev, President of the FATF July 2013 - June 2014 presents his objectives for the coming year.
  • 28 Jun 2013

    International Best Practices: Targeted Financial Sanctions Related to Terrorism and Terrorist Financing Recommendation 6 This paper provides best practices which will help countries in their implementation of the targeted financial sanctions regimes to comply with the United Nations Security Council Resolutions UNSCRs relating to the prevention and suppression of terrorism and terrorist financing.
  • 27 Jun 2013

    FATF Guidance: Politically Exposed Persons (Recommendations 12 and 22) The FATF has developed guidance which will assist in the effective implementation of AML/CFT measures to business relationships with politically exposed persons PEPs. Many PEPs hold positions that can be abused for the purpose of laundering illicit funds or other predicate offences.
  • 26 Jun 2013

    FATF Guidance: The Implementation of Financial Provisions of United Nations Security Council Resolutions to Counter the Proliferation of Weapons of Mass Destruction This FATF guidance assists countries in implementing not only targeted financial sanctions, but also other measures, such as activity-based financial prohibitions and vigilance measures.
  • 26 Jun 2013

    Guidance for a Risk-Based Approach to Prepaid Cards, Mobile Payments and Internet-Based Payment Services New and innovative payment products and services are being developed and used at an ever-increasing pace and have the potential of being used for money laundering or terrorist financing. This guidance examines how these payment products and services work, and how to develop and implement AML/CFT measures in line with the risk-based approach.
  • 25 Jun 2013

    Mutual Evaluation of India: 8th Follow-up report & Progress Report on Action Plan This follow-up report provides an overview of the main changes made to the AML/CFT system in India since the adoption of its mutual evaluation report in June 2010. In June 2013, the FATF recognised that India had made significant progress in addressing deficiencies identified in its mutual evaluation report and decided that the country should be removed from the regular follow-up process.
  • 25 Jun 2013

    Mutual Evaluation of Finland: 9th Follow-up report This follow-up report provides an overview of the main changes made to the AML/CFT system in Finland since the adoption of its mutual evaluation report in October 2007. In June 2013, the FATF recognised that Finland had made significant progress in addressing deficiencies identified in its mutual evaluation report and decided that the country should be removed from the regular follow-up process.
  • 24 Jun 2013

    Money Laundering and Terrorist Financing Vulnerabilities of Legal Professionals Research into money laundering methods and trends has confirmed that criminals seek the advice or services of legal professionals to help in laundering criminal assets. Supported by case studies, this study examines the vulnerabilities of the legal profession for witting/unwitting involvement in money laundering and terrorist financing and identifies ‘red flag indicators’ which will help raise awareness with the legal professionals.
  • 21 Jun 2013

    Outcomes of the FATF Plenary, Oslo, 19-21 June 2013 The FATF Plenary updated its statements identifying high-risk and non-cooperative jurisdictions. The FATF also reviewed the impact of new voluntary tax compliance programmes of Argentina and Turkey on anti-money laundering and countering the financing of terrorism (AML/CFT measures. The Plenary adopted the follow-up reports to the mutual evaluations of Finland, India and Ireland. FATF also adopted a number of reports, such as the international best practices in combating the abuse of non-profit organisations, and the report on money laundering and terrorist financing vulnerabilities of legal professionals.
  • 21 Jun 2013

    Improving Global AML/CFT Compliance: On-going process - 21 June 2013 As part of its ongoing review of compliance with the AML/CFT standards, the FATF has identified jurisdictions which have strategic AML/CFT deficiencies for which they have developed an action plan with the FATF.
  • 21 Jun 2013

    Money Laundering and Terrorist Financing Related to Counterfeiting of Currency The FATF has conducted a study of the money laundering methods used for putting the proceeds of the illicit trade in counterfeit currency into the regular financial system. The study also focuses on how counterfeit currency is used for the purpose of terrorist financing and other crimes. The report identifies relevant AML/CFT measures and red flag indicators for detecting counterfeit currency, in particular as it relates to money laundering and terrorist financing.
  • 21 Jun 2013

    FATF Public Statement - 21 June 2013 The FATF has updated its public statement issued in February 2013 which identifies jurisdictions with strategic anti-money laundering and countering the financing of terrorism (AML/CFT deficiencies.
  • 20 Jun 2013

    Strengthening Financial Integrity through Financial Inclusion Her Majesty Queen Máxima of the Netherlands, in her capacity of United Nations Secretary-General's Special Advocate for Inclusive Finance, delivered a keynote address to the FATF Plenary in Oslo on 20 June.
  • 19 Jun 2013

    Introductory remarks by FATF President Bjørn Skogstad Aamo at the third FATF Plenary meeting under the Norwegian Presidency, Oslo, 19 June 2013 FATF President Bjørn Aamo provided a short summary of milestones achieved during his Plenary year to date, and an overview of issues on the agenda of the June 2013 FATF Plenary meeting.
  • 24 May 2013

    EAG Plenary, Address by FATF President Bjørn Aamo FATF President Bjørn S. Aamo addressed the Plenary of the Eurasian Group and gave a brief overview of recent developments and future areas of work, such as non-profit organisations, mutual evaluation and follow-up processes and financial inclusion.
  • 13 May 2013

    Combatting money laundering and terrorist financing in the West African region FATF Vice-President Vladimir Nechaev addressed the 12th meeting of the Ministerial Committee of the Inter-Governmental Action Group Against Money Laundering in West Africa (GIABA) on 11 May. GIABA has now completed its first round of evaluations of its members with the FATF Recommendations. Mr. Nechaev highlighted this important achievement, but also stressed the importance of each country conducting the necessary reforms to improve their anti-money laundering / countering the financing of terrorism (AML/CFT) regimes. Every failure in a country's AML/CFT system threatens not only that country, but also the regional and international financial sectors.
  • 29 Apr 2013

    Dialogue with the private sector The FATF organised a meeting of the Private Sector Consultative Forum in London on 25 and 26 April. The meeting was an opportunity for the FATF to update the members of the forum about recent activities and developments and to seek their input into a number of projects that the FATF is currently working on.
  • 26 Apr 2013

    Consultation and dialogue with Non-Profit Organisations FATF met with Non-Profit Organisations NPOs on 24 April, the aim of the meeting was to stress the importance of ensuring that FATF Recommendation 8 on NPOs is not being implemented in a manner that disrupts or discourages legitimate charitable activity.
  • 21 Mar 2013

    Effectiveness has moved to the top of the FATF agenda FATF President Bjørn S. Aamo presented future challenges in assessing compliance with the FATF Recommendations, which will focus much more on effectiveness. At the EU conference "Fighting money laundering and terrorist financing - New framework, future challenges" he also highlighted how the 4th EU Money Laundering Directive could contribute to progress in the implementation of the FATF Recommendations for many of the FATF's members.
  • 5 Mar 2013

    National money laundering and terrorist financing risk assessment The 2012 FATF Recommendations require that countries identify, assess and understand the money laundering and terrorist financing risks facing them and adapt their AML/CFT system accordingly. The FATF has adopted a new guidance which is intended to assist in the conduct of risk assessment at the country or national level. Once ML/TF risks are properly understood, country authorities may apply AML/CFT measures in a way that ensures they are commensurate with those risks – i.e. the risk-based approach (RBA) – which is central to the FATF standards as is set out in Recommendation 1.
  • 24 Feb 2013

    Revised Guidance on AML/CFT and Financial Inclusion This FATF Guidance aims to provide support in designing Anti-Money Laundering and Terrorist Financing (AML/CFT) measures that meet the goal of financial inclusion, without compromising the measures that exist for the purpose of combating crime. The revised Guidance, reflects the changes made to the FATF Recommendations in 2012 and focuses in particular on the reinforcement of the risk-based approach (RBA), as a general and underlying principle of all AML/CFT systems.
  • 22 Feb 2013

    Biennial Update to the Mutual Evaluation of Italy In accordance with the procedures established by FATF, Italy has provided an update on the main legislative developments and the measures adopted to address the deficiencies identified in their mutual evaluation report.
  • 22 Feb 2013

    FATF issues new Mechanism to Strengthen Money Laundering and Terrorist Financing Compliance The new FATF Methodology will determine whether a country is sufficiently compliant with the 2012 FATF Standards and whether its AML/CFT system is working effectively.
  • 22 Feb 2013

    Outcomes of the FATF Plenary, 20-22 February 2013 The FATF Plenary adopted the Methodology for Assessing Technical Compliance with the FATF Recommendations and the effectiveness of AML/CFT systems; Guidance on AML/CFT measures and financial inclusion and Guidance on conducting National Risk Assessment. The FATF also issued a statement on Turkey, and an update on AML/CFT Improvements in Ghana and Venezuela.
  • 22 Feb 2013

    Improving Global AML/CFT Compliance: On-going process - 22 February 2013 As part of its ongoing review of compliance with the AML/CFT standards, the FATF has identified jurisdictions which have strategic AML/CFT deficiencies for which they have developed an action plan with the FATF.
  • 22 Feb 2013

    FATF Public Statement 22 February 2013 The FATF has updated its public statement issued in October 2012 which identifies jurisdictions with strategic anti-money laundering and countering the financing of terrorism (AML/CFT deficiencies.
  • 13 Dec 2012

    GAFISUD contributions to the global AML/CFT network and programmes and priorities of the FATF during the Norwegian presidency FATF President Mr. Bjørn S. Aamo emphasises that combating money laundering and terrorist financing, and now the financing of proliferation is an international task that requires strong efforts by all countries and coordination of these efforts through the global network of the FATF and FATF-style regional bodies FSRBs. He made his remarks at the 26th Plenary meeting of the Grupo de Acción Financiera de Sudamérica GAFISUD.
  • 28 Nov 2012

    Improving the understanding of terrorist financing in West Africa and advancing other research This year's annual typologies expert meeting was jointly organised by the FATF and the Inter-Governmental Action Group against Money Laundering GIABA, in Dakar, Senegal from 26-28 November.
  • 21 Nov 2012

    The FATF, UN and member countries focus on preventing and suppressing terrorist financing The FATF participated in a special meeting of the United Nations Counter-Terrorism Committee, aimed at raising awareness of the threat of terrorist financing.
  • 20 Nov 2012

    Opening remarks at the Special Meeting of the United Nations Counter-Terrorism Committee on 20 November 2012 FATF President BJørn s. Aamo highlights the importance of this Special meeting,which is a step forward by the global community to fight terrorist financing by fostering the implementation of FATF Recommendations and UN instruments, underlining how the two organisations work together for common aims.
  • 20 Nov 2012

    The importance of the global network in suppressing the financing of terrorism Remarks by the FATF President Bjørn S. Aamo at the Special meeting of the United Nations Counter-Terrorism Committee with Member States and relevant international and regional organizations on preventing and suppressing terrorist financing.
  • 20 Nov 2012

    Tackling terrorism financing: the revised FATF standards During the Special meeting of the United Nations Counter-Terrorism Committee with Member States and relevant international and regional organizations on preventing and suppressing terrorist financing, FATF Executive Secretary Rick McDonell explains how FATF's work complements and reinforces the work of the United Nations in this area.
  • 6 Nov 2012

    Ministers of Finance and Central Bank Governors of the G20 reaffirm commitment to the FATF Mexico City, 4-5 November 2012 - The Ministers of Finance and Central Bank Governors of the G20 have reaffirmed their commitment to the FATF and its objectives in the communiqué released following their meeting.
  • 31 Oct 2012

    Interim follow-up report to the Mutual Evaluation of Mexico The FATF has released an interim follow-up report, setting out progress made by Mexico in addressing the anti-money laundering and countering the financing of terrorism (AML/CFT) deficiencies which were identified in the mutual evaluation report, published in October 2008.
  • 29 Oct 2012

    FATF's focus on financial inclusion: protecting the integrity of the global financial system Giving more people access to the formal financial sector increases the reach and the effectiveness of anti-money laundering and countering the financing of terrorism regimes. FATF President Bjorn S. Aamo renewed FATF’s commitment to financial inclusion at a conference on Promoting Financial Inclusion through Proportionate Standards and Guidance. The main objective of the meeting, organised by the G20 Global Platform for Financial Inclusion, was to share experiences with other global standard-setters Basel Committee on Banking Supervision, the Committee on Payment and Settlement Systems, the International Association of Deposit Insurers, and the International Association of Insurance Supervisors on the progress and challenges faced in engaging on financial inclusion.
  • 19 Oct 2012

    Follow-up report to the mutual evaluation report of Hong Kong, China The FATF has released the follow-up report to the Mutual Evaluation Report of Hong Kong, China, which was adopted on 11 July 2008.
  • 19 Oct 2012

    Outcomes of the Plenary meeting of the FATF, Paris, 17-19 October 2012 The FATF Plenary issued a statement concerning Turkey, reviewed the voluntary tax compliance programmes in Curaçao and published the follow-up report to the mutual evaluation report of Hong Kong, China. The Plenary also revised two Best Practices Papers and the Reference Guide and Information Note on the use of the FATF Recommendations to support the fight against Corruption.
  • 19 Oct 2012

    FATF Public Statement - 19 October 2012 The FATF has updated its public statement issued in June 2012 which identifies jurisdictions with strategic anti-money laundering and countering the financing of terrorism (AML/CFT deficiencies.
  • 19 Oct 2012

    Improving Global AML/CFT Compliance: on-going process - 19 October 2012 As part of its ongoing review of compliance with the AML/CFT standards, the FATF has identified jurisdictions which have strategic AML/CFT deficiencies for which they have developed an action plan with the FATF.
  • 19 Oct 2012

    Best Practices: Managing the anti-money laundering and counter-terrorirst financing policy implications of voluntary tax compliance programmes This paper sets out international best practices which will assist jurisdictions in the implementation of voluntary tax compliance programmes that do not impede the effective implementation of AML/CFT measures.
  • 19 Oct 2012

    Best Practices on Confiscation Recommendations 4 and 38 and a Framework for Ongoing Work on Asset Recovery This best practices paper will assist countries in implementing the necessary measures in their regime to strengthen legal frameworks, minimise structural obstacles and streamline processes and procedures for effective tracing and confiscation within their jurisdiction and in the international context.
  • 18 Oct 2012

    Use of the FATF Recommendations to support the fight against corruption This information note sets out why compliance with the FATF Recommendations creates an environment in which it is more difficult for corruption to thrive undetected and unpunished.
  • 15 Oct 2012

    President's Summary of Outcomes from the Experts’ meeting on Corruption This FATF Experts’ meeting, which was convened in collaboration with the G20 Anti-Corruption Working Group, brought together anti-money laundering counter-terrorist financing experts and anti-corruption experts from 28 jurisdictions and 14 organisations for the purpose of exchanging views, and discussing issues of mutual interest. This meeting was focused on the experience of countries, particularly in relation to asset recovery issues, and taking into account the domestic dimension.
  • 2 Oct 2012

    FATF Annual Report 2011-2012 Under the Presidency of Giancarlo Del Bufalo of Italy, the FATF adopted new international standards on combating money laundering, the financing of terrorism and the financing of proliferation of weapons of mass destruction and a new eight-year mandate for the FATF, until 2020.
  • 1 Oct 2012

    Third biennial update to the Mutual Evaluation of Portugal Third biennal update from Portugal to the October 2012 Plenary on measures implemented to address deficiencies identified in its mutual evaluation report.
  • 31 Aug 2012

    Implementation of the FATF Recommendations by ESAAMLG Countries Addressing the 12th Council of Ministers of ESAAMLG, FATF President Bjørn S. Aamo, congratulated ESAAMLG on the completion of its first round of mutual evaluations and emphasized the importance of the mutual evaluation report as a starting point for further actions to address the deficiencies that were identified.
  • 31 Aug 2012

    Meeting of the FATF Plenary, Paris, 17-19 October 2012 The 36 members of the Financial Action Task Group FATF and representatives from the FATF Style Regional Bodies met in Paris, under the presidency of Mr. Bjorn S. Aamo of Norway, for the first Plenary under the Norwegian Presidency.
  • 12 Jul 2012

    Illicit Tobacco Trade The illicit trade in tobacco is a global problem that generates significant revenue: it represents approximately one tenth of the global trade in cigarettes which is estimated at USD 40.5 billion per year. In addition to its financial impact, illicit trade in tobacco also creates substantial loss of tax revenue. This FATF report analyses the extent of money laundering and terrorist financing vulnerabilities of the illicit tobacco trade at global, regional and domestic levels.
  • 11 Jul 2012

    Operational Issues - Financial Investigations Guidance The FATF has issued guidance to help countries understand the important role of law enforcement in conducting money laundering, terrorist financing and asset-tracing investigations. The guidance also provides strategies and techniques which are intended to assist countries in increasing the effectiveness of such investigations.
  • 2 Jul 2012

    Presentation of the Priorities for the Norwegian Presidency 2012-2013 Mr. Bjorn S. Aamo, incoming President of the FATF July 2012 - June 2013 presents his objectives for the coming year.
  • 2 Jul 2012

    Specific Risk Factors in the Laundering of Proceeds of Corruption - Assistance to reporting institutions The FATF Recommendations, adopted in February 2012, require that additional measures for specific customers and activities are in place. Specifically, appropriate risk management systems need to be in place to determine whether a customer or beneficial owner is a politically exposed person. This report should assist practitioners in the financial sector to better understand and identify the risk factors that may indicate the laundering of corruption proceeds.
  • 28 Jun 2012

    G20: support for new FATF Recommendations The FATF reported to the G20 Leaders at the Los Cabos Summit in June on the adoption of the new FATF Recommendations which were issued in February 2012, and on the renewal of the FATF mandate.
  • 25 Jun 2012

    Outcomes of the Plenary meeting of the FATF, Rome, 20-22 June 2012 The FATF Plenary issued a statement concerning Turkey, reviewed the voluntary tax compliance programmes in Curaçao, Spain and Pakistan and issued three new reports which outline new methods and trends in money laundering and terrorist financing.
  • 25 Jun 2012

    FATF Public Statement - 22 June 2012 The FATF has updated its public statement issued in February 2012 which identifies jurisdictions with strategic anti-money laundering and countering the financing of terrorism (AML/CFT deficiencies.
  • 25 Jun 2012

    Improving Global AML/CFT Compliance: on-going process - 22 June 2012 As part of its ongoing review of compliance with the AML/CFT standards, the FATF has identified jurisdictions which have strategic AML/CFT deficiencies for which they have developed an action plan with the FATF.
  • 12 Jun 2012

    Meeting of the FATF Plenary, Rome, 20-22 June 2012 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.
  • 3 Jun 2012

    FATF President's Speech at the APG Annual Meeting July 2012 FATF President Bjorn S. Aamo addresses the 15th Annual APG Meeting in Brisbane, Australia. He outlines the priorities as well as challenges that lie ahead of the FATF and its partners at the beginning of the new FATF mandate under the Norwegian Presidency.
  • 10 May 2012

    FATF contributes to AML/CFT discussions in Eastern and Southern Africa The mutual evaluation of Angola was adopted, and several follow-up reports were reviewed, during the meeting of the Eastern and Southern Africa Anti-Money Laundering Group ESAAMLG which took place in Tanzania on 15-20 April 2012. The first meeting of the Donors Coordination Group took place during this week, aimed at consolidating Training and Technical Support.
  • 7 May 2012

    Plenary and Ministerial Meeting of the Intergovernmental Action Group against Money Laundering in West Africa (GIABA) Meetings of the GIABA Technical Commission and Ad Hoc Ministerial Committee took place in Abidjan, Côte d’Ivoire, from 2 to 5 May 2012. FATF President Giancarlo Del Bufalo delivered an address before the GIABA Ad Hoc Ministerial Committee on 5 May during which he welcomed the progress made by GIABA since it became an FATF-style regional body FSRB in 2006, but underlined that certain obligations of GIABA as an FSRB required more attention.
  • 23 Apr 2012

    Ministers renew the mandate of the Financial Action Task Force until 2020 Ministers of the Financial Action Task Force agreed to extend the FATF mandate for another 8 years, continuing to safeguard the integrity of the international financial system.
  • 7 Mar 2012

    Best Practices Paper on Recommendation 2: Sharing among domestic competent authorities information related to the financing of proliferation This Best Practices Paper focuses specifically on information sharing and exchange related to the financing of the proliferation of weapons of mass destruction.
  • 17 Feb 2012

    Outcomes of the Plenary meeting of the FATF, Paris, 15-17 February 2012 The FATF Plenary approved the new FATF Recommendations, issued statements concerning Argentina, Honduras and Paraguay, approved the follow-up report to the mutual evaluation of China and welcomed the Groupe d'Action Contre le Blanchiment d'Argent en Afrique Centrale GABAC as an observer.
  • 16 Feb 2012

    Follow-up Report to the Mutual Evaluation Report of China This follow-up report provides an overview of the main changes made to the AML/CFT system in China since the adoption of the mutual evaluation report of China in June 2007. With this report, China has been removed from the regular follow-up process.
  • 16 Feb 2012

    Improving Global AML/CFT Compliance: on-going process - 16 February 2012 As part of its ongoing review of compliance with the AML/CFT standards, the FATF has identified jurisdictions which have strategic AML/CFT deficiencies for which they have developed an action plan with the FATF.
  • 16 Feb 2012

    FATF Public Statement - 16 February 2012 The FATF has updated its public statement issued in October 2011 which identifies jurisdictions with strategic anti-money laundering and countering the financing of terrorism (AML/CFT deficiencies.
  • 16 Feb 2012

    FATF steps up the fight against money laundering and terrorist financing The FATF Standards have been revised to strengthen global safeguards and further protect the integrity of the financial system by providing governments with stronger tools to take action against financial crime.
  • 15 Feb 2012

    FATF's response to the public consultation on the revision of the FATF Recommendation During the review process of the FATF Recommendations, which started in June 2009, the FATF consulted broadly: through two public consultations, meetings of the FATF private sector consultative forums and more focused outreach on specific technical issues. The consultation process generated a large number of responses and a broad range of opinions. While it is impossible to respond to each and every comment, the FATF has prepared a response to the key issues raised during the consultation process.
  • 7 Nov 2011

    First Biennial Update to the Swiss Mutual Evaluation Report After the adoption of their Mutual Evaluation Report MER, FATF member countries are required to provide information on the measures that have been implemented to deal with the deficiencies identified in the report. Switzerland is subject to this process of providing a biennial update i.e. every two years to the FATF Plenary on any of the 40+9 Recommendations that are rated PC Partially Compliant or NC Non Compliant.
  • 28 Oct 2011

    Follow-up Report to the Mutual Evaluation Report of Greece This follow-up report provides an overview of the main changes made to the AML/CFT system in Greece since the adoption of their mutual evaluation report in June 2007. In October 2011, the FATF recognised that Greece had made significant progress in addressing deficiencies identified in their mutual evaluation report and decided that the country should be removed from the regular follow-up process.
  • 28 Oct 2011

    Outcomes of the Plenary meeting of the FATF, Paris, 27-28 October 2011 The Chairman's summary provides an overview of the major outcomes of the FATF Plenary, during which the FATF Plenary issued statements concerning Argentina, Bangladesh and Ukraine and approved the follow-up report to the mutual evaluation of Greece.
  • 28 Oct 2011

    FATF Public Statement - 28 October 2011 The FATF has updated its public statement issued in June 2011 which identifies jurisdictions with strategic anti-money laundering and countering the financing of terrorism (AML/CFT deficiencies.
  • 28 Oct 2011

    Improving Global AML/CFT Compliance: on-going process - 28 October 2011 As part of its ongoing review of compliance with the AML/CFT standards, the FATF has identified jurisdictions which have strategic AML/CFT deficiencies for which they have developed an action plan with the FATF.
  • 28 Oct 2011

    Review of the FATF Standards and historical versions Having completed its 3rd Round of Mutual Evaluations, the FATF conducted a review of the 40+9 Recommendations to ensure that they remain up-to-date and relevant and to benefit from lessons learnt from implementing and evaluating the current standards.
  • 20 Sep 2011

    FATF Annual Report 2010-2011 This report highlights the major outcomes of the work carried out by the FATF during 2010-2011 FATF-XXII, such as the completion of the fourth round of mutual evaluations, the work on the revision of the FATF Recommendation and the FATF's focus on corruption.
  • 29 Jul 2011

    Laundering the Proceeds of Corruption In the larger framework of its work on corruption, the FATF has prepared a study on the links between corruption and money laundering. This report identifies key vulnerabilities within the current AML/CFT framework and discusses some of the obstacles to the recovery of corruption.
  • 21 Jul 2011

    Organised Maritime Piracy and Related Kidnapping for Ransom In recent years, there has been a growing concern over organised piracy on the high seas and kidnapping for ransom. These activities present a number of a potential risks to the international financial system and challenges to the law enforcement and regulatory framework worldwide. The FATF has completed a study that provides an overview of this problem and analyses the related money flows to the extent that this is possible. In addition to informing the work of other international bodies dealing with this issue, the report, which will be published shortly, will also serve as a useful source of general information on the subject.
  • 19 Jul 2011

    Money Laundering Risks Arising from Trafficking of Human Beings and Smuggling of Migrants FATF has carried out a study which describes the money flows related to trafficking of human beings and smuggling of migrants, and attempts to assess their scale. The report provides a series of red-flag indicators for the various destination / origin countries and different sectors to help financial institutions to better detect related suspicious financial activity.
  • 25 Jun 2011

    Outcomes of the FATF Plenary meeting, Amsterdam, 23-25 June 2010 The Chairman's summary provides an overview of the major outcomes of the Plenary, during which India became a full member of the FATF and the mutual evaluations of the Kingdom of Saudi Arabia, India and Brazil were approved.
  • 24 Jun 2011

    Third Biennial Update to the Belgium Mutual Evaluation Report Third biennal update from Belgium to the June 2011 Plenary on measures implemented to address deficiencies identified in its mutual evaluation report full report available in French only.
  • 24 Jun 2011

    Mutual Evaluation of the Sultanate of Oman The level of compliance with the FATF Recommendations for the anti-money laundering and counter-terrorist financing regime of the Sultanate of Oman is comparatively high for the region, and the legal framework is sound. However, the overall effectiveness was noted to be lacking in some areas. Parts of the terrorist financing legal framework need to be improved and the number of investigations and convictions increased. The evaluation of the anti-money laundering and counter-terrorist financing regime of the Sultanate of Oman was conducted jointly by the FATF and the the Middle East and North Africa Financial Action Task Force MENAFATF.
  • 24 Jun 2011

    Mutual Evaluation of the State of Kuwait There is currently no evidence of significant money laundering and no major terrorist activity has been recorded in the State of Kuwait. However, Kuwait’s financial sector is growing rapidly and thus may create a potential environment for such activities. The assessment team for this evaluation, composed of staff of the International Monetary Fund (IMF), concluded that the Kuwaiti AML/CFT framework had some deficiencies: terrorist financing is currently not criminalised, the money laundering offence does not cover all serious predicate offences, the Kuwaiti financial intelligence unit (KFIU) has not been established as an independent agency carrying out all core functions set out by the FATF standards, and there are shortcomings in the AML/CFT supervisory framework for some financial institutions and designated non-financial businesses and professions DNFBPs.
  • 24 Jun 2011

    Outcomes of the Joint Plenary meeting of the FATF and GAFISUD, Mexico City, 22-24 June 2011 The Chairman's summary provides an overview of the major FATF decisions of the Joint Plenary meeting of the FATF and GAFISUD, during which the FATF issued a statement on the progress made by Argentina, and the mutual evaluation reports for the State of Kuwait and the Sultanate of Oman were adopted.
  • 24 Jun 2011

    Improving Global AML/CFT Compliance: on-going process - 24 June 2011 As part of its ongoing review of compliance with the AML/CFT standards, the FATF has identified jurisdictions which have strategic AML/CFT deficiencies for which they have developed an action plan with the FATF.
  • 24 Jun 2011

    FATF Public Statement - 24 June 2011 The FATF has updated its public statement issued in February 2011 which identifies jurisdictions with strategic anti-money laundering and countering the financing of terrorism (AML/CFT deficiencies.
  • 27 Feb 2011

    President's Summary of Outcomes from the Expert's meeting on Corruption, 27 February 2011 This FATF experts meeting was the first international platform for exchanging views between anti-money laundering and anti-corruption experts, policy makers and international standard setters and assessment/monitoring bodies.
  • 25 Feb 2011

    Mutual Evaluation Report of the Netherlands The FATF has completed and adopted the third mutual evaluation of the AML/CFT system in the Netherlands. The AML/CFT system of the Netherlands is largely in line with the FATF requirements but some shortcomings in the legal framework and the implementation of already existing measures need to be addressed. The evaluation was conducted by the International Monetary Fund and adopted by the FATF.
  • 25 Feb 2011

    Mutual Evaluation of France The FATF has completed and adopted the third mutual evaluation of the AML/CFT system in France. France has over the past several years continually strengthened, refined and expanded its system. France’s overall degree of compliance with the FATF 40+9 Recommendations is very high, particularly in the financial sector and in the legal area. France should now focus its efforts on certain non-financial professions that still have to improve their level of compliance with the standards. Taking into account the high quality and overall effectiveness of the French system, France will henceforth report back to the FATF on a biennial basis on the further evolution of its AML/CFT system which now ranks as one of the most robust in the FATF.
  • 25 Feb 2011

    Follow-up Report to the Mutual Evaluation of Singapore Following the adoption of its second Mutual Evaluation (MER) in October 2008, and in accordance with the normal FATF follow-up procedures, Singapore was required to provide information on the measures it has taken to address the deficiencies identified in the MER. Since October 2008, Singapore has been taking action to enhance its AML/CFT regime in line with the recommendations in the MER. The FATF recognizes that Singapore has made significant progress and that Singapore should henceforward report on a biennial basis on the actions it will take in the AML/CFT area.
  • 25 Feb 2011

    Outcomes of the FATF Plenary meeting, Paris, 23-25 February 2011 The Chairman's summary provides an overview of the major outcomes of the meeting of the FATF Plenary, during which the mutual evaluations of France and the Netherlands were approved.
  • 25 Feb 2011

    FATF Public Statement - 25 February 2011 The FATF has updated its public statement issued in October 2010 which identifies jurisdictions with strategic anti-money laundering and countering the financing of terrorism (AML/CFT deficiencies.
  • 25 Feb 2011

    Improving Global AML/CFT Compliance: on-going process - 25 February 2011 As part of its ongoing review of compliance with the AML/CFT standards, the FATF has identified jurisdictions which have strategic AML/CFT deficiencies for which they have developed an action plan with the FATF.
  • 18 Feb 2011

    First Biennial Update to the Mutual Evaluation of Italy This first biennial report was submitted by Italy to the FATF Plenary provides information on the action undertaken to improve compliance with the FATF Recommendations.
  • 5 Nov 2010

    Mutual Evaluation of Argentina This is the FATF’s third mutual evaluation of Argentina (and second joint FATF/GAFISUD evaluation of Argentina). Since the last evaluation, finalised in June 2004, Argentina has not made adequate progress in addressing a number of deficiencies identified at that time, and the legal and preventive AML/CFT measures that are in place lack effectiveness.
  • 29 Oct 2010

    Tax Amnesty and Asset Repatriation Programmes The FATF has agreed on four basic principles in relation to the AML/CFT policy implications of voluntary tax compliance programmes, to ensure that they do not have a negative impact on the effective application of the FATF Recommendations.
  • 22 Oct 2010

    Follow-up Report to the Mutual Evaluation of Denmark This follow-up report provides an overview of the main changes made to the AML/CFT system in the Kingdom of Denmark since the adoption of their mutual evaluation report in June 2006. In October 2010, the FATF recognised that the Kingdom of Denmark had made significant progress in addressing deficiencies identified in their mutual evaluation report and decided that the country should be removed from the regular follow-up process.
  • 22 Oct 2010

    Follow-up Report to the Mutual Evaluation Report of Sweden This Follow-Up Report provides an overview of the main changes made to the AML/CFT system in Sweden since the adoption of their Mutual Evaluation Report in February 2006. In October 2010, the FATF recognised that Sweden had made significant progress in addressing deficiencies identified in their mutual evaluation report and decided that the country should be removed from the regular follow-up process.
  • 22 Oct 2010

    Second Biennial Update to the Mutual Evaluation of Portugal Portugal provided its second biennial update on the legislative developments since September 2008, when it provided its first biennial update. The Mutual Evaluation of Portugal was adopted by the FATF Plenary in October 2006.
  • 22 Oct 2010

    Follow-up Report to the Mutual Evaluation Report of Spain This follow-up report provides an overview of the main changes made to the AML/CFT system in Spain since the adoption of the mutual evaluation report of Spain in June 2006. In October 2010, the FATF recognised that Spain had made significant progress in addressing deficiencies identified in their mutual evaluation report and decided that the country should be removed from the regular follow-up process.
  • 22 Oct 2010

    Outcomes of the FATF Plenary meeting, Paris, 20-22 October 2010 The Chairman's summary provides an overview of the major outcomes of the meeting of the FATF Plenary, during which the mutual evaluation of Argentina was approved, as well as follow-up reports of the Kingdom of Denmark, Spain and Sweden. The FATF Plenary also provided an update on AML/CFT improvements in Qatar and Azerbaijan
  • 22 Oct 2010

    Money Laundering Using New Payment Methods This report compares the "potential risks" described in the 2006 report on New Payment Methods to the "actual risks" based on new case studies and typologies. The report also describes a number of indicators of suspicious activity. These red flag indicators will help NPM service providers and other financial institutions to detect ML/TF activities.
  • 22 Oct 2010

    Money Laundering Using Trust and Company Service Providers Trust and Company Service Providers TCSPs provide an important link between financial institutions and many of their customers. This comprehensive typologies report evaluates the effectiveness of the practical applications of the FATF 40+9 Recommendations as they relate to TCSPs.
  • 22 Oct 2010

    FATF Public Statement - 22 October 2010 The FATF has updated its public statement issued in June 2010 which identifies jurisdictions with strategic anti-money laundering and countering the financing of terrorism (AML/CFT deficiencies.
  • 22 Oct 2010

    Improving Global AML/CFT Compliance: update on-going process - October 2010 As part of its ongoing review of compliance with the AML/CFT standards, the FATF has identified jurisdictions which have strategic AML/CFT deficiencies for which they have developed an action plan with the FATF.
  • 30 Jul 2010

    FATF Annual Report 2009-2010 ‌This report provides an overview of work carried out by the FATF during 2009-2010 FATF-XXI and highlights key outcomes, such as the accession of the Republic of Korea and India as 35th and 36th member of the FATF.
  • 27 Jul 2010

    Global Money Laundering Terrorist Financing Threat Assessment This is an assessment of the global systemic money laundering and terrorist financing threats. The document it is aimed at raising the level of understanding of these threats and their negative impact, and help governments to take decisive action to minimise the harms they can cause.
  • 5 Jul 2010

    Money Laundering through Money Remittance and Currency Exchange Providers This report sets out identified money laundering and terrorist financing methods and techniques involving money remittance and currency exchange providers, and provides a useful general overview of this sector, the regulatory framework, the supervision and sanctioning regimes.
  • 25 Jun 2010

    Mutual Evaluation Report of Brazil They key findings of the mutual evaluation report which summarises the anti-money laundering (AML)/combating the financing of terrorism CFT measures in place in the Federative Republic of Brazil as of the time of the on-site visit 26 October to 7 November 2009, and shortly thereafter.
  • 25 Jun 2010

    Mutual Evaluation of India The Financial Action Task Force (FATF) and the Asian/Pacific Group on Money Laundering (APG) have jointly conducted an assessment of the implementation of anti-money laundering and counter-terrorist financing (AML/CFT standards in India.
  • 25 Jun 2010

    Mutual Evaluation of the Kingdom of Saudi Arabia The report of the joint MENAFATF-FATF mutual evaluation of the Kingdom of Saudi Arabia was adopted by the FATF Plenary in June 2010. This report provides a summary of the anti-money laundering AML and combating the financing of terrorism CFT measures in place in the Kingdom of Saudi Arabiaat the time of the on-site visit. The mutual evaluation report describes and analyses those measures and provides recommendations on how certain aspects of the system could be strengthened. It also sets out the Kingdom of Saudi Arabia's levels of compliance with the Financial Action Task Force FATF 40 + 9 Recommendations.
  • 25 Jun 2010

    Improving Global AML/CFT Compliance: update on-going process - June 2010 The FATF has identified jurisdictions which have strategic AML/CFT deficiencies for which they have developed an action plan with the FATF. While the situations differ among each jurisdiction, each jurisdiction has provided a written high-level political commitment to address the identified deficiencies.
  • 25 Jun 2010

    FATF Public Statement - 25 June 2010 To protect the international financial system from ML/FT risks and to encourage greater compliance with the AML/CFT standards, the FATF identified jurisdictions that have strategic deficiencies and, along with the FATF-style regional bodies FSRBs, works with them to address those deficiencies that pose a risk to the international financial system.
  • 19 Apr 2010

    Combatting Proliferation Financing: A Status Report on Policy Development and Consultation This document is a status report on the policy work and consultation being undertaken in relation to proliferation financing. The report is non-binding and is being published for information only, to raise awareness of issues under discussion.
  • 26 Mar 2010

    Money Laundering vulnerabilities of Free Trade Zones Free trade zones offer many incentives and benefits to the companies that operate within it. But, the characteristics that makes free trade zones benecial for legitimate businesses, also makes them highly attractive for illicit actors who take advantage of a more relaxed oversight to launder the proceeds of crime and finance terrorism. This report highlights the vulnerabilities of free trade zones.
  • 19 Feb 2010

    Mutual Evaluation of Germany This report summarises the anti-money laundering and counter-terrorist financing measures (AML/CFT) that were in place in Germany at the time of the on-site visit (15 May – 5 June 2009) and immediately thereafter. It describes and analyses these measures and offers recommendations on how to strengthen certain aspects of the system. It also assesses Germany’s level of compliance with the 40+9 Recommendations of the FATF.
  • 19 Feb 2010

    Interim follow-up report to the Mutual Evaluation of Greece The FATF has released an interim follow-up report, setting out progress made since the report of the third mutual evaluation of Greece, which was published in June 2007.
  • 19 Feb 2010

    Mutual Evaluation of Luxembourg This report summarises the anti-money laundering and counter-terrorist financing measures that were in place in Luxembourg at the time of the on-site visit 4-15 May 2009 and immediately thereafter. It describes and analyses these measures and offers recommendations on how to strengthen certain aspects of the system.
  • 19 Feb 2010

    Outcomes of the joint FATF-MENAFATF Plenary meeting, Abu Dhabi, 17-19 February 2010 The Chairman's summary provides an overview of the major outcomes of the Plenary, which includes the publication of the mutual evaluations of Germany and Luxembourg.
  • 18 Feb 2010

    Improving Global AML/CFT Compliance: update on-going process - February 2010 As part of its ongoing review of compliance with the anti-money laundering and counter-terrorist financing standards, the FATF has to date identified a number of jurisdictions which have strategic deficiencies. These jurisdictions have developed an action plan with the FATF to address these deficiencies. While the situations differ among each jurisdiction, each jurisdiction has provided a written high-level political commitment to address the identified deficiencies. FATF welcomes these commitments.
  • 18 Feb 2010

    FATF Public Statement - February 2010 To protect the international financial system from ML/FT risks and to encourage greater compliance with the AML/CFT standards, the FATF identified jurisdictions that have strategic deficiencies and, along with the FATF-style regional bodies FSRBs, works with them to address those deficiencies that pose a risk to the international financial system.
  • 27 Nov 2009

    Follow-up Report to the Mutual Evaluation of Switzerland This follow-up report provides an overview of the main changes made to the AML/CFT system in Switzerland since the adoption of the mutual evaluation report of Switzerland in June 2005. With this report, Switzerland has been removed from the regular follow-up process.
  • 26 Oct 2009

    Money Laundering and Terrorist Financing in the Securities Sector The securities sector is one of the core industries through which persons and entities can access the financial system, providing opportunities for criminals to misuse the financial system. This FATF study describes i how criminals might be able to use securities firms to launder money and finance terrorism and ii how illicit funds can be generated through fraudulent activities.
  • 16 Oct 2009

    Mutual Evaluation of the United Kingdom - Follow-Up Report The FATF has released the Follow-Up Report to the Mutual Evaluation Report of the United Kingdom, which was adopted in June 2007. In October 2009, the FATF recognised that the United Kingdom had made significant progress in addressing deficiencies identified in that report, decided that the country should be removed from the regular follow-up process and agreed that it should now report on any further improvements its Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT system on a biennial basis.
  • 16 Oct 2009

    Mutual Evaluation of Aruba, Kingdom of the Netherlands A summary of the anti-money laundering AML and combating the financing of terrorism CFT measures in place in Aruba, the Kingdom of the Netherlands at December 2008 the date of the on-site visit and immediately thereafter. It describes and analyses those measures and provides recommendations on how certain aspects of the system could be strengthened.
  • 16 Oct 2009

    Mutual Evaluation of New Zealand New Zealand, which is a member of both the FATF and the Asia-Pacific Group on Money Laundering (APG), has recently completed an extensive review of its AML/CFT regime, and the legal framework that underpins it. The following key findings highlight the progress that has been made by New Zealand since its last mutual evaluation in 2003.
  • 16 Oct 2009

    FATF Statement concerning Iran, Uzbekistan, Turkmenistan, Pakistan and São Tomé and Príncipe - October 2009 Issuing a statement reaffirming its call on members and others jurisdictions for effective counter-measures concerning the risks to the integrity of the international financial system emanating from Iran. The FATF remains concerned about the money laundering and terrorist financing risks emanating from Uzbekistan, Turkmenistan, Pakistan and São Tomé and Príncipe.
  • 15 Oct 2009

    Third Round of AML/CFT Mutual Evaluations - Process and Procedures This document sets out the process and procedures that are the basis for the third round of mutual evaluations.
  • 23 Jul 2009

    FATF Annual Report 2008-2009 The Annual Report provides an overview of the work carried out by the FATF during 2008-2009 and highlights the key outcomes that have been achieved during this year under the Presidency of Antonio Gustavo Rodrigues of Brazil.
  • 9 Jul 2009

    About the Non-Cooperative Countries and Territories NCCT Initiative A summary of the NCCT process which ended in 2007 when the last country was delisted.
  • 1 Jul 2009

    Money Laundering through the Football Sector This FATF Report examines what may make the football sector attractive to criminals. It provides several case examples of areas that could be exploited by those wanting to invest illegal money into football. In preparing the report, the authors engaged with several major sports organisations as well as experts from FATF and non-FATF members. The goal of this work is to draw attention to some of the risks facing the football sector in particular – and the sports industry in general – to misuse by criminals so that policy-makers, law enforcement, the financial sector and sports regulatory authorities can better understand and begin dealing with the problem.
  • 30 Jun 2009

    Biennial Update to the Mutual Evaluation of Norway In accordance with the procedures established by FATF, Norway has provided an update on the main legislative developments and the measures adopted to address the deficiencies identified in their mutual evaluation report.
  • 26 Jun 2009

    Mutual Evaluation of Austria The assessment of the implementation of anti-money laundering and counter-terrorist financing (AML/CFT standards in Austria was conducted by a team of assessors composed of staff of the International Monetary Fund IMF and one expert acting under the supervision of the IMF.
  • 26 Jun 2009

    Mutual Evaluation of Korea At its June 2009 meeting, the FATF Plenary discussed and adopted the joint APG/FATF mutual evaluation report of the Republic of Korea, which assesses its compliance with the international standards for combating money laundering and terrorist financing - the 40+9 Recommendations.
  • 26 Jun 2009

    FATF Statement concerning Iran, Uzbekistan, Turkmenistan, Pakistan and São Tomé and Príncipe - 26 June 2009 Issuing a statement reaffirming its call for effective counter-measures concerning the risks to the integrity of the international financial system emanating from Iran. The FATF remains concerned about the money laundering and terrorist financing risks emanating from Uzbekistan, Turkmenistan, Pakistan and São Tomé and Príncipe.
  • 1 May 2009

    Second Biennial Update to the Belgium Mutual Evaluation Report Second biennal update from Belgium to the June 2009 Plenary on measures implemented to address deficiencies identified in its mutual evaluation report full report available in French only.
  • 30 Mar 2009

    Vulnerabilities of Casinos and Gaming Sector The vulnerability of casinos was recognised in the revision of the FATF 40 Recommendations, with obligations on casinos being significantly enhanced. However, there remained a lack of recent regional or global typologies on casinos and gaming, which this report seeks to address.This APG/FATF report considers vulnerabilities from gaps in domestic implementation of anti-money laundering / combating the financing of terrorism AML/CFT measures. Data in the report was derived from members of the FATF, APG, other FSRBs and open sources.
  • 26 Feb 2009

    Follow-up Report to the Mutual Evaluation of Norway The Follow-up Report for the Third Mutual Evaluation of Norway. The FATF recognizes that Norway has made significant progress and that Norway should henceforward report on a biennial basis on the actions it will take in the AML/CFT area.
  • 26 Feb 2009

    Mutual Evaluation of South Africa South Africa has made good progress in developing its system for combating money laundering (ML) and the financing of terrorism (FT) since its last FATF mutual evaluation in 2003, according to an assessment of the implementation of anti-money laundering and counter-terrorist financing (AML/CFT standards in South Africa. This assessment was jointly conducted by the FATF and the Eastern and Southern Africa Anti-Money Laundering Group ESAAMLG.
  • 25 Feb 2009

    FATF Statement concerning Iran, Uzbekistan, Turkmenistan, Pakistan and São Tomé and Príncipe - 26 February 2009 The anti-money laundering and countering the financing of terrorism (AML/CFT systems of Iran, Uzbekistan, Turkmenistan, Pakistan and São Tome and Principe were the subject of a statement issued during the FATF XX Plenary, held in Paris.
  • 9 Feb 2009

    Follow-up Report to the Mutual Evaluation of Italy The Follow-up Report for the Third Mutual Evaluation of Italy. The FATF recognizes that Italy has made significant progress and that Italy should henceforward report on a biennial basis on the actions it will take in the AML/CFT area.
  • 17 Nov 2008

    Mutual Evaluation of Japan The Financial Action Task Force FATF has assessed the anti-money laundering and counter-terrorist financing measures of Japan for compliance with the FATF Standards.
  • 23 Oct 2008

    FATF Guidance on the Risk-Based Approach for Casinos In October 2008, the FATF adopted Guidance on the Risk-Based Approach RBA to combating Money Laundering and Terrorist Financing for casinos. This Guidance was developed by the FATF in close consultation with representatives from the casinos sector. This guidance supports development of a common understanding of what the RBA involves, outlines high-levels principles involved in applying the RBA, and indicates good practice for governments and legal professionals in the design and implementation of an effective RBA.
  • 17 Oct 2008

    Mutual Evaluation of Mexico The Financial Action Task Force (FATF), the Financial Action Task Force on Money Laundering In South America (GAFISUD) and the International Monetary Fund (IMF) have jointly conducted an assessment of the implementation of anti-money laundering and counter-terrorist financing (AML/CFT) standards in Mexico.
  • 16 Oct 2008

    FATF Statement - 16 October 2008 During the FATF Plenary XX in Rio de Janeiro, the FATF issued a statement concerning Iran, Uzbekistan,Turkmenistan, Pakistan and São Tomé and Principe and the AML/CFT improvements in the northern part of Cyprus.
  • 15 Sep 2008

    Biennial Update to the Mutual Evaluation Report of Portugal - September 2008 In accordance with the procedures established by FATF the Financial Action Task Force on money laundering and terrorist financing, Portugal, two years after the adoption of the Mutual Evaluation Report, provided an update on the main legislative developments since October 2006 and the measures adopted to address the main comments of the evaluation report.
  • 27 Jun 2008

    FATF Annual Report 2007-2008 This report provides an overview of the Plenary year from 1 July 2007 to 30 June 2008, under the Presidency of Sir James Sassoon of the United Kingdom.
  • 20 Jun 2008

    Mutual Evaluation of Hong Kong, China The Financial Action Task Force (FATF) has completed an assessment of the implementation of anti-money laundering and counter-terrorist financing (AML/CFT standards in Hong Kong, China.
  • 20 Jun 2008

    Mutual Evaluation of the Russian Federation The Financial Action Task Force FATF, the Eurasian Group EAG and Moneyval have jointly assessed the anti-money laundering and counter-terrorist financing measures of the Russian Federation for compliance with the FATF standards.
  • 20 Jun 2008

    FATF Statement - 20 June 2008 The FATF Plenary has reaffirmed its public statement of 28 February 2008 regarding the anti-money laundering and countering the financing of terrorism risks posed by Uzbekistan, Iran, Pakistan, Turkmenistan and São Tomé and Principe, and the northern part of Cyprus.
  • 20 Jun 2008

    Best Practices on Trade Based Money Laundering This best practices paper is issued to raise awareness and improve the ability of government authorities to collect and effectively utilise trade data, in order to detect and investigate money laundering and terrorist financing through trade. This document refers to the FATF Recommendations as last updated and published in October 2004.
  • 18 Jun 2008

    Money Laundering Terrorist Financing Risk Assessment Strategies This report aims to assist countries to develop their own money laundering and terrorist financing risk assessments and to increase the number of countries undertaking national assessments to enhance knowledge at both national and international levels. Drawing upon some current examples of national threat assessments, the report sets out key factors to be considered, including sources of data and type of assessment risk, threat or vulnerability, measurement of law enforcement or regulatory effectiveness, and examples of national assessments of money laundering and terrorist financing. This will also contribute to a greater synergy between national approaches in order to facilitate the development of a global analysis of emerging threats.
  • 18 Jun 2008

    Money Laundering & Terrorist Financing Vulnerabilities of Commercial Websites and Internet Payment Systems This report focuses on the type of electronic commerce identified as the most vulnerable to money laundering and terrorist financing (ML/TF): mediated customer-to-customer. The report also provides a number of case studies illustrating how mediated customer-to-customer systems can be exploited for ML/TF purposes.
  • 18 Jun 2008

    Typologies Report on Proliferation Financing This report analyses the threat of proliferation financing and the methodologies used by the proliferators and facilitators, and provides options to strengthen safeguards against this activity.
  • 17 Jun 2008

    FATF Guidance on the Risk-Based Approach for Accountants This Guidance on the Risk-Based Approach to combating Money Laundering and Terrorist Financing was developed by the FATF in close consultation with representatives of the trust and company service providers industries. The Guidance supports the development of a common understanding of what the risk-based approach involves, outlines the high-level principles involved in applying the risk-based approach, and indicates good public and private sector practice in the design and implementation of an effective risk-based approach
  • 17 Jun 2008

    FATF Guidance on the Risk-Based Approach for Dealers in Precious Metals and Stones This Guidance on the Risk-Based Approach to combating Money Laundering and Terrorist Financing was developed by the FATF in close consultation with representatives of the dealers in precious metals and dealers in precious stones industries. The Guidance supports the development of a common understanding of what the risk-based approach involves, outlines the high-level principles involved in applying the risk-based approach, and indicates good public and private sector practice in the design and implementation of an effective risk-based approach.
  • 17 Jun 2008

    FATF Guidance on the Risk-Based Approach for Trust and Company Service Providers (TCSPs) This Guidance on the Risk-Based Approach to combating Money Laundering and Terrorist Financing was developed by the FATF in close consultation with representatives of the trust and company service providers industries. The Guidance supports the development of a common understanding of what the risk-based approach involves, outlines the high-level principles involved in applying the risk-based approach, and indicates good public and private sector practice in the design and implementation of an effective risk-based approach
  • 9 Apr 2008

    Mutual Evaluation of the United Arab Emirates (UAE) - Report and annexes The report describes and analyses the anti-money laundering and counter-terrorist financing (AML/CFT laws, regulations and other measures that have been put in place by the United Arab Emirates. This assessment is based on the 40+9 Recommendations and ratings of compliance have been made according to the four levels of compliance mentioned in the 2004 Methodology.
  • 9 Apr 2008

    Mutual Evaluation of Qatar The report describes and analyses the anti-money laundering and counter-terrorist financing (AML/CFT laws, regulations and other measures that have been put in place by Qatar. This assessment is based on the 40+9 Recommendations and ratings of compliance have been made according to the four levels of compliance mentioned in the 2004 Methodology.
  • 29 Feb 2008

    Mutual Evaluation of Singapore The Financial Action Task Force (FATF) has completed an assessment of the implementation of anti-money laundering and counter-terrorist financing (AML/CFT standards in Singapore.
  • 29 Feb 2008

    Mutual Evaluation of Canada The Financial Action Task Force (FATF) has completed an assessment of the implementation of anti-money laundering and counter-terrorist financing (AML/CFT standards in Canada.
  • 29 Feb 2008

    FATF Terrorist Financing Typologies Report This report examines the means used by terrorists to raise funds and the variety of methods used to move money within and between organisations. It also identifies areas which could be the focus of efforts to further strengthen counter-terrorist financing efforts.
  • 29 Feb 2008

    Guidance on Capacity Building for Mutual Evaluations and Implementation of the FATF Standards Within Low Capacity Countries Recognising the particular problems faced by low capacity countries, this Guidance identifies a number of principles, and specific mechanisms and procedures that may be used to ensure effective prioritisation and implementation of the FATF standards on money laundering and terrorist financing.
  • 28 Feb 2008

    FATF Statement - 28 February 2008 The FATF is concerned about the lack of comprehensive AML/CFT systems in Uzbekistan, Iran, Pakistan, Turkmenistan, São Tomé and Príncipe and the northern part of Cyprus.
  • 12 Oct 2007

    Mutual Evaluation of Finland The report of the mutual evaluation of Finland was adopted by the FATF plenary in June 2007. This report provides a summary of the anti-money laundering AML and combating the financing of terrorism CFT measures in place in Finland at April 2007 the date of the on-site visit. The report describes and analyses those measures and provides recommendations on how certain aspects of the system could be strengthened. It also sets out Finland's levels of compliance with the FATF 40+9 Recommandations.
  • 20 Aug 2007

    Mutual Evaluation of China The report of the mutual evaluation of the People's Republic of China (China) was adopted by the FATF plenary in June 2007. This report provides a summary of the anti-money laundering (AML) and combating the financing of terrorism (CFT) measures in place in China at November 2006 (the date of the on-site visit). The report describes and analyses those measures and provides recommendations on how certain aspects of the system could be strengthened. It also sets out China’s levels of compliance with the FATF 40 + 9 Recommendations.
  • 29 Jun 2007

    Mutual Evaluation of Greece The report of the mutual evaluation of Greece was adopted by the FATF plenary in June 2007. This report provides a summary of the anti-money laundering (AML) and combating the financing of terrorism (CFT) measures in place in Greece at November 2006 (the date of the on-site visit). The report describes and analyses those measures and provides recommendations on how certain aspects of the system could be strengthened. It also sets out Greece’s levels of compliance with the FATF 40 + 9 Recommendations.
  • 29 Jun 2007

    FATF Annual Report 2006-2007 This report provides an overview of the Plenary year from 1 July 2006 to 30 June 2007, under the Presidency of Mr. Frank Swedlove from Canada.
  • 29 Jun 2007

    Money Laundering and Terrorist Financing Through the Real Estate Sector The report on vulnerabilities of the real estate sector to misuse for money laundering and terrorist financing is the first FATF in-depth study to deal with this issue. It identifies a number of the most common money laundering methods that are associated with real estate operations, investment and financing. The research conducted for this project also found some evidence that these same methods have sometimes been used for suspected terrorist financing schemes.
  • 22 Jun 2007

    FATF Guidance on the Risk-Based Approach to Combating Money Laundering and Terrorist Financing - High Level Principles and Procedures The Guidance on the Risk-Based Approach to combating Money Laundering and Terrorist Financing was developed by the FATF in close consultation with representatives of the international banking and securities sectors. The Guidance supports the development of a common understanding of what the risk-based approach involves, outlines the high-level principles involved in applying the risk-based approach, and indicates good public and private sector practice in the design and implementation of an effective risk-based approach.
  • 13 Jun 2007

    Mutual evaluation of United Kingdom of Great Britain and Northern Ireland This report provides a summary of the anti-money laundering AML and combating the financing of terrorism CFT measures in place in the UK at December 2006 the date of the on-site visit. The report describes and analyses those measures and provides recommendations on how certain aspects of the system could be strengthened. It also sets out the UK's levels of compliance with the FATF 40 + 9 Recommendations.
  • 6 Apr 2007

    Belgium Biennial Update to the Mutual Evaluation Report Biennal update dated June 2007 from Belgium on measures implemented to address deficiencies identified in its mutual evaluation report.
  • 23 Feb 2007

    Mutual Evaluation of Turkey The report of the mutual evaluation of Turkey was adopted by the FATF Plenary in February 2007. This report provides a summary of the anti-money laundering (AML) and combating the financing of terrorism (CFT) measures in place in Turkey at September 2006 (the date of the on-site visit) and also considers the new AML legislation passed in October 2006. The mutual evaluation report describes and analyses those measures and provides recommendations on how certain aspects of the system could be strengthened. It also sets out Turkey’s levels of compliance with the Financial Action Task Force (FATF) 40 + 9 Recommendations
  • 23 Feb 2007

    Laundering the Proceeds of VAT Carousel Fraud Report The report identifies the global impact of money laundering generated by the fraud and details the characteristics of the money laundering cycle from the proceeds of the fraud to investment into legitimate economy.
  • 23 Feb 2007

    The Misuse of Corporate Vehicles, Including Trust and Company Service Providers This report is one in a series of thematic studies carried out by the FATF to provide an in-depth look at money laundering and terrorist financing typologies.
  • 19 Oct 2006

    Mutual Evaluation of Portugal Key findings of the Third Mutual Evaluation Report of Portugal which was adopted by the FATF Plenary in October 2006.
  • 13 Oct 2006

    Mutual Evaluation of Iceland Key findings of the Mutual Evaluation Report of Iceland, which was adopted by the FATF Plenary in October 2006.
  • 13 Oct 2006

    Report on New Payment Methods This report is one in a series of thematic studies carried out by the FATF to provide an in-depth look at money laundering and terrorist financing typologies.
  • 22 Sep 2006

    Mutual Evaluation of Denmark The report describes and analyses the anti-money laundering and counter-terrorist financing (AML/CFT laws, regulations and other measures that have been put in place by Denmark. This assessment is based on the 40+9 Recommendations and ratings of compliance have been made according to the four levels of compliance mentioned in the 2004 Methodology.
  • 3 Jul 2006

    FATF Annual Report 2005-2006 South Africa held the Presidency of the 17th Plenary year of the FATF, during which strengthening the global network to combat money laundering and terrorist financing was a priority.
  • 23 Jun 2006

    Mutual Evaluation of the United States Key findings of the Mutual Evaluation of the United States. The report describes and analyses the anti-money laundering and counter-terrorist financing (AML/CFT laws, regulations and other measures that have been put in place by the United States.
  • 23 Jun 2006

    Mutual Evaluation of Spain The key findings of the FATF Third Mutual Evaluation Report of Spain which was adopted by the FATF Plenary in June 2006.
  • 16 Jun 2006

    Mutual Evaluation of Ireland This report provides a summary of the AML/CFT measures in place in Ireland at July 2005 (the date of the on-site visit). The report describes and analyses those measures and provides recommendations on how certain aspects of the system could be strengthened. It also sets out Ireland’s levels of compliance with the FATF 40 + 9 Recommendations (see attached table on the Ratings of Compliance with the FATF Recommendations). The Irish Government recognises the need for an effective AML/CFT regime and is in the process of updating its ML/TF framework.
  • 28 Feb 2006

    Mutual Evaluation of Italy This Detailed Assessment Report on anti-money laundering and combating the financing of terrorism for Italy was prepared by the International Monetary Fund. The report assesses compliance with the FATF 40+9 Recommendations and uses the assessment methodology adopted by the FATF in February 2004 and endorsed by the Executive Board of the International Monetary Fund in March 2004. The report was adopted as an FATF Mutual Evaluation by the FATF in October 2005.
  • 17 Feb 2006

    Mutual Evaluation of Sweden The FATF has completed an assessment of the implementation of its anti-money laundering and counter-terrorist financing standards in Sweden.
  • 14 Oct 2005

    Mutual Evaluation of Switzerland The FATF completed an assessment of the implementation of its anti-money laundering and counter-terrorist financing standards in Switzerland.
  • 14 Oct 2005

    Mutual Evaluation of Australia The evaluation of the anti-money laundering (AML) and combating the financing of terrorism (CFT) regime of Australia was based on the Forty Recommendations 2003 and the Eight Special Recommendations on Terrorist Financing 2001 of the Financial Action Task Force (FATF), and was prepared using the AML/CFT Methodology 2004. The evaluation was conducted by a team of assessors composed of FATF and APG experts in criminal law, law enforcement and regulatory issues.
  • 1 Jul 2005

    FATF Annual Report 2004-2005 During the sixteenth FATF Plenary year, under the French Presidency, the FATF focused on widening the community of jurisdictions committed to fighting money laundering and terrorist financing. The FATF also commenced the third round of mutual evaluations.
  • 10 Jun 2005

    Mutual Evaluation of Belgium The Financial Action Task Force (FATF) has completed an assessment of the implementation of anti-money laundering and counter-terrorist financing (AML/CFT standards in Belgium.
  • 10 Jun 2005

    Mutual Evaluation of Norway The report describes and analyses the anti-money laundering and counter-terrorist financing (AML/CFT laws, regulations and other measures that have been put in place by Norway. This assessment is based on the 40+9 Recommendations and ratings of compliance have been made according to the four levels of compliance mentioned in the 2004 Methodology.
  • 22 Oct 2004

    The 40 Recommendations, published October 2004 The 40 Recommendations provide a complete set of counter-measures against money laundering MLcovering the criminal justice system and law enforcement, the financial system and its regulation, and international co-operation.
  • 22 Oct 2004

    IX Special Recommendations Recognising the vital importance of taking action to combat the financing of terrorism, the FATF has agreed these Recommendations, which, when combined with the FATF Forty Recommendations on money laundering, set out the basic framework to detect, prevent and suppress the financing of terrorism and terrorist acts.
  • 2 Jul 2004

    FATF Annual Report 2003-2004 Under the Swedish Presidency, the FATF Mandate was renewed for a further eight years, from 2004 to 2012.
  • 26 Feb 2004

    Money Laundering Typologies 2003-2004 The key outcomes of the 2003-2004 typologies exercise are presented in this report: wire transfers and their relation to terrorist financing, non-profit organisations and links to terrorist financing, money laundering vulnerabilities in the insurance sector, politically exposed persons, gatekeepers and money laundering
  • 26 Feb 2004

    Money Laundering and Terrorist Financing Typologies 2004-2005 The FATF's Typologies work aims to identify methods and trends in money laundering and terrorist financing. The 2004-2005 Money Laundering and Terrorist Financing Typologies report presents the key outcomes from the work carried out by FATF project teams who focused on: alternative remittance systems, money laundering vulnerabilities in the insurance sector and proceeds from trafficking in human beings and illegal migration.
  • 1 Jul 2003

    FATF Annual Report 2002-2003 Among the outcomes of the FATF Plenary year 2002-2003 were the completion of the review of the Forty Recommendations and the admission of South Africa and the Russian Federation as full members of the FATF.
  • 14 Feb 2003

    Money Laundering Typologies 2002-2003 This report on the 2002-2003 typologies exercise incorporates some of the key findings made during the meeting of experts and covers terrorist financing, money laundering through the securities sector, gold diamond markets and other terrorist financing money laundering trends.
  • 1 Jul 2002

    FATF Annual Report 2001-2002 Under the Presidency of Hong Kong, China, the FATF's mandate was expanded to include terrorist financing, and the Eight Special Recommendations were established to address this issue.
  • 2 Jul 2001

    FATF Annual Report 2000-2001 Under the Presidency of Spain, the FATF made significant progress in the work on noncooperative countries or territories and the development of FATF-style regional bodies. The South American Financial Action Task Force, GAFISUD, was created.
  • 3 Jul 2000

    FATF Annual Report 1999-2000 Portugal chaired the seventh FATF Plenary year. During this plenary year, Argentina, Brazil and Mexico became full members of the FATF.
  • 1 Jul 1999

    FATF Annual Report 1998-1999 Japan chaired the tenth round of the Financial Action Task Force on Money Laundering FATF. During this year, the FATF completed the second round of mutual evaluations of the anti-money laundering measures taken by its members.
  • 1 Jul 1998

    FATF Annual Report 1997-1998 Belgium chaired the ninth round of the Financial Action Task Force on Money Laundering FATF. During this year, an FATF report was endorsed by FATF Ministers and the European Commissioner for Financial Services, which defines a five year plan -- 1999-2004 -- to spread the anti-money laundering message to all continents and regions of the globe.
  • 1 Jul 1997

    FATF Annual Report 1996-1997 During the eight Plenary year of the FATF, under the Italian Presidency, the FATF conducted a broad-ranging review of money laundering trends and techniques.
  • 1 Jul 1996

    FATF Annual Report 1995-1996 The seventh FATF Plenary year was chaired by the United States. Major achievements of this Plenary year included the completion of the stocktaking review of the forty FATF Recommendations and the adoption of a policy for assessing the performance of non-member governments.
  • 3 Jul 1995

    FATF Annual Report 1994-1995 The sixth FATF Plenary year was chaired by the Netherlands. During this Plenary year, the FATF completed the first round of mutual evaluations of the anti-money laundering measures taken by its members.
  • 1 Jul 1994

    FATF Annual Report 1993-1994 During the fifth Plenary year of the FATF, under the Presidency of the United Kingdom, the FATF reviewed its future mission and programme and decided that the FATF should be maintained for a further five years.
  • 1 Jul 1993

    FATF Annual Report 1992-1993 Australia held the presidency of the fourth Plenary year of the FATF. During this Plenary year, eight member jurisdictions underwent a mutual evaluation to examine their implementation of the FATF Recommendations.
  • 1 Jul 1992

    FATF Annual Report 1991-1992 During the third Plenary year of the FATF, under the Swiss presidency, the FATF agreed on three main priorities that should guide its work.
  • 13 May 1991

    FATF Annual Report 1990-1991 Under the French presidency, the delegations agreed to continue the FATF for a period of five years and delegations agreed on the four ongoing tasks for the FATF for the years ahead.