FATF Ministers at the US Ministerial meeting pledge for stronger global action against illicit finance, prioritising fraud disruption, risk-based enforcement, and faster FATF standards implementation 

They highlighted the growing harm caused by money laundering, terrorist financing, and proliferation financing, and pledged to use the full AML/CFT toolkit to disrupt fraud schemes involving scam centres, legal structures, virtual assets, and AI. Ministers also backed responsible financial innovation, improved payment transparency, stronger cross-border cooperation, and stricter peer reviews to ensure effective global enforcement and accountability…