Friday 7th February 2025
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Comsure operates in:the UK, Jersey, Guernsey

OUTCOMES FROM THE MEETING OF THE FATF PLENARY, PARIS, 25-27 JUNE 2014

The third FATF Plenary meeting was held in Paris from the 25-27 June 2014. The main issues dealt with were:

  • Producing two public documents as part of FATF ongoing work to identify jurisdictions that may pose a risk to the international financial system
  • Approving the exit from the follow-up process of Argentina, Australia, Germany and Korea.
  • Calling on Japan to enact adequate anti-money laundering and counter terrorist financing legislation.
  • Receiving an update on AML/CFT improvements in Kenya, Kyrgyzstan, Mongolia, Nepal and Tanzania.
  • Issuing a communiqué concerning the end of the third round of mutual evaluations and the start of the fourth round of mutual evaluations.
  • Reviewing the voluntary tax compliance programmes in several jurisdictions.
  • Adopting and publishing a report on the key definitions and potential AML/CFT risks of virtual currencies.
  • Adopting and publishing a typologies report on the risk of terrorist financing abuse of the non-profit sector.
  • Adopting and publishing a typologies report on the financial flows linked to the illicit production and trafficking of Afghan opiates and associated ML/TF activities.
  • Agreeing on an expansion of membership.

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