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FATF Terrorist Financing Risk Assessment Guidance

The risk-based approach, is central to the effective implementation of the FATF Standards and also applies to financial institutions and designated non-financial businesses and professions. Many countries have chosen to publish information about the ML/TF risks to…

FATF Risk Based Approach Guidance for the real estate

The purpose of this Guidance is to: Support the implementation of FATF standards for the real estate sector, including residential, commercial, rural, industrial, agricultural, mixed use and any other forms of real-estate, Indicate good practices in the design and…

Basel on bank’s cryptoasset exposures

Basel Committee publishes second consultation document on the prudential treatment of banks’ cryptoasset exposures. Unbacked cryptoassets and stablecoins with ineffective stabilisation mechanisms continue to be subject to a conservative prudential treatment

FATF Rec. 25 on transparency & beneficial ownership

FATF is considering whether countries should apply measures to understand the risk posed by trusts and similar legal arrangements governed under their law or which are administered in their jurisdictions or whose trustees are residing in their jurisdictions…

FATF standards on virtual assets (VAs)

Both FATF and FATF-style regional body (FSRB) members should accelerate compliance with FATF’s R.15 with a priority focus on assessing
ML/TF risks of VA and VASPs, and the application of AML/CFT measures to mitigate these risks.

FATF on G7 countries’ fight against ML/TF

FATF President Marcus Pleyer asks the G7 countries to lead by example and effectively tackle the anonymity of corporate beneficiaries & regulate shell companies. FATF evaluations show that only 9% of countries have effectively implemented laws dealing with shell companies…

Wolfsberg Group Effectiveness through collaboration

The Wolfsberg Group calls for empowered Public-Private Partnerships and better information-sharing frameworks with respect to AML/CTF Both government and industry increasingly recognise the urgent need for national authorities to establish national priorities so that FIs can…

FATF summarises Plenary outcomes held in June 2022

FATF members approved a report that will help the real estate sector to better detect and prevent money laundering, and finalised a targeted update on implementation of the FATF requirements on virtual assets and virtual asset service providers….

FATF on jurisdictions with AML & other deficiencies

FATF does not call for the application of enhanced due diligence measures to be applied to these jurisdictions, but encourages its members and all jurisdictions to take into account the information presented below in their risk analysis…

FATF Conference on digital transformation 2022

FATF Ministers have identified Digital Transformation as a strategic priority of the FATF. Digital transformation relies on building a culture that embraces the use of technology, encourages responsible innovation, and ensures the protection of individual data rights…

FATF appoints Violaine Clerc as the Executive Secretary

FATF appoints Violaine Clerc as the Executive Secretary who takes the lead of the Secretariat at an important time, as the FATF works to regulate virtual assets and virtual asset service providers, enhance…

FATF consolidated table of assessment ratings 

This table provides an up-to-date overview of the ratings that assessed countries obtained for effectiveness and technical compliance. FATF and FSRBs conduct peer reviews on an ongoing basis to assess how effectively their respective members’ AML/CFT measures work…