FATF on improving the understanding of terrorist financing in West Africa
12 Dec 2012
Experts of the Financial Action Task Force (FATF) and FATF-style regional bodies held their annual meeting in Dakar, Senegal, from 26-28 November, which this year focused on improving the understanding of terrorist financing in West Africa. In addition, following topics were discussed:
• money laundering and terrorist financing relating to counterfeiting of currency;
• money laundering and terrorist financing vulnerabilities of legal professionals;
• money laundering and terrorist financing through trade in diamonds and other precious stones; and
• role of hawala in money laundering and terrorist financing.
The FATF plans to publish research reports on the topics discussed in H2 2013.
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