The second plenary meeting of the Financial Action Task Force (FATF), which was held in Paris from 12 to 14 February 2014, achieved the following outcomes in relation to its key focus on anti-money laundering (AML) and combating the financing of terrorism (CFT):
- producing documents to identify jurisdictions which may pose a risk to the international financial system;
- approving and publishing reports on the mutual evaluations of
- Aruba (Kingdom of the Netherlands),
- Austria,
- Canada,
- Luxembourg,
- Mexico and
- the Netherlands;
- receiving an update on AML/CFT improvements in
- Antigua and Barbuda,
- Bangladesh and
- Vietnam;
- reviewing voluntary tax compliance programmes in several jurisdictions;
- adopting and publishing universal procedures for assessments conducted by assessment bodies;
- continuing to develop guidance on effective implementation of beneficial ownership requirements;
- exploring common issues between AML/CFT and data protection experts; and
- conducting further research on the AML/CFT implications of virtual currency.
Copies of the
outcomes; http://www.fatf-gafi.org/documents/news/plenary-outcomes-feb-2014.html
public statement; http://www.fatf-gafi.org/media/fatf/documents/statements/Public-Statement-14-February-2014.pdf
ongoing progress reports . http://www.fatf-gafi.org/media/fatf/documents/statements/Compliance-14-February-2014.pdf
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