Ongoing work to identify jurisdictions with strategic AML/CFT deficiencies

25-Jun-2010

As part of on-going efforts to identify and work with jurisdictions with strategic AML/CFT deficiencies, the FATF has updated its two public documents issued in February 2010:

• FATF Public Statement
• Improving global AML/CFT Compliance: On-going Process

The challenge of compliance with the FATF Standards

03-Jun-2010

FATF President Paul Vlaanderen addresses the Plenary of the FATF Style Regional Body EAG, he emphasized the significant progress made by the EAG over the relatively short period of its existence.

Towards Global Coverage and Compliance

06-May-2010

An address by Paul Vlaanderen, the FATF President, to the Inter-Governmental Action Group Against Money Laundering in West Africa (GIABA) 8th Ad Hoc Ministerial Committee Meeting, on 5 May 2010 in Praia, Cape Verde.

Combating Proliferation Financing: A Status Report on Policy Development and Consultation

29-Apr-2010

The FATF has released a status report on the policy work and consultation being undertaken in relation to proliferation financing. This report is non-binding and is being published for information only, to raise awareness of issues under discussion.

Global threats and challenges for financial institutions

30-Mar-2010

FATF President Paul Vlaanderen gives and overview of threats and concerns related to terrorist financing and the role of financial institutions in helping to counter these threats.   Mr Vlaanderen made his remarks at the meeting of the Association of Banks in Singapore (ABS) in Singapore on 16 March 2010.

Money Laundering vulnerabilities of Free Trade Zones

26-Mar-2010

Free trade zones offer many incentives and benefits to the companies that operate within it.  But, the characteristics that makes free trade zones beneficial for legitimate businesses, also makes them highly attractive for illicit actors who take advantage of a more relaxed oversight to launder the proceeds of crime and finance terrorism.  This FATF report highlights the vulnerabilities of free trade zones.

Mutual Evaluation of Germany

22-Mar-2010

The assessment of the implementation of anti-money laundering and counter-terrorist financing (AML/CFT) standards in Germany was conducted by an IMF team of assessors. The full report is now available for download; the Executive Summary was published on 22 February 2010.

Mutual Evaluation of Luxembourg

22-Mar-2010

The FATF has conducted an assessment of the implementation of anti-money laundering and counter-terrorist financing (AML/CFT) standards in Luxembourg.  The full report is now available for download in French.  The executive summary (in English) was published on 23 February.

Financial inclusion and financial integrity: complementary policy objectives

09-Mar-2010

FATF President Paul Vlaanderen highlights how financial inclusion is an area of interest for the FATF. Financial exclusion results in a larger unmonitored financial service sector, which is to the detriment of sound and effective anti-money laundering and counter-terrorist financing regimes.  Mr. Vlaanderen made his remarks during his keynote speech at the Windsor III Leadership Seminar on Financial Inclusion, which took place on 8 March 2010, Windsor, UK.

Interim follow-up report to the Mutual Evaluation of Greece

04-Mar-2010

The FATF has released an interim follow-up report, setting out progress made since the report of the third mutual evaluation of Greece, which was published in June 2007.

Since the publication of the mutual evaluation report, Greece has provided the FATF Plenary with progress reports on a regular basis.  At the February 2010 Plenary meeting, Greece requested the publication of this progress report.