At its recent plenary meeting in Valencia, the Financial Action Task Force issued a public statement on high-risk and non-cooperative jurisdictions: Public Statement – June 2017 – jurisdictions subject to an FATF call for action In relation to the Democratic People’s Republic of Korea, the FATF continues to call on both its members and other jurisdictions to apply counter-measures to protect […]

The Financial Action Task Force (FATF) has issued a press release following its latest plenary meeting. The main issues dealt with at the meeting were: updates on the FATF’s efforts to combat terrorist financing including (i) updating the 2015 report on ISIL financing to reflect recent developments, (ii) revising FATF recommendation 8 to protect non-profit […]

The Financial Action Task Force (FATF) held its plenary meeting on 24-26 June 2015. The main issues dealt with by the FATF were: issuing a statement and setting out a future work plan on “de-risking”; producing two public documents identifying jurisdictions that may pose a risk to the international financial system: jurisdictions with strategic anti-money […]

The Financial Action Task Force (FATF) plenary meeting was held in Paris on 25 to 27 February 2015. The actions taken by FATF include: issuing a statement on FATF action on terrorist finance; adopting and publishing a report on the financing of the terrorist organisation Islamic State in Iraq and the Levant; and continuing its […]

The 36 members of the Financial Action Task Group (FATF) and representatives from the FATF-Style Regional Bodies will meet in Paris, under the presidency of Mr. Roger Wilkins AO of Australia. Now in its 25th year of existence, the FATF sets standards and promotes effective implementation of legal, regulatory and operational measures for combating money […]