FATF Week, 13-18 October 2019

Starting Sunday 13 October, representatives from 205 countries and jurisdictions around the world, the IMF, UN, World Bank and other organisations, will meet for FATF Week in Paris, France.  Six days of meetings will focus on disrupting financial flows linked to crime and terrorism and discuss ways to contribute to global safety and security. 

FATF Week will conclude with the Plenary, the first Plenary under the Chinese Presidency of Xiangmin Liu, from 16 October.  Among the important issues to be discussed are:

  • Assessing whether countries are regulating the virtual asset sector to prevent its misuse for crime and terror
  • Discussing the potential impact of "stablecoins" on the supervision of virtual assets, how to mitigate the risks, and FATF’s briefing to G20 on this issue 
  • Assessments of Russia and Turkey’s measures to combat money laundering and terrorist financing  
  • Actions taken by Denmark, Ireland, Norway, Saudi Arabia, Singapore and Spain since their assessments
  • Progress by Iran, Pakistan and other countries that present a risk to the financial system
  • Discussing FATF initiative to combat financial flows from the illegal wildlife trade
  • Adopting best practises on the beneficial ownership of legal persons, and a consultation on guidance on digital identity.
  • Developments in the financing of ISIL, Al-Qaeda and Affiliates

In addition, FATF will receive reports from organisations including the IMF, World Bank, United Nations, OECD, OSCE, Egmont Group of Financial Intelligence Units, CARIN, EBRD, ECB, Europol, GIFCS, IAIS, the 9 FATF-Style Regional Bodies and others.

 

Press briefing

The FATF President will be giving a press briefing on the outcomes of the FATF Plenary on Friday 18 October at 12:00.  To register, journalists should write to contact@fatf-gafi.org, with their name, media, job title and national press card number. 

For further information, please contact Alexandra.wijmenga-daniel@fatf-gafi.org.