Ministers of finance of Financial Action Task Force ("FATF") member countries agreed to make permanent the mandate for the FATF to protect the international financial system from money laundering and terrorist financing. FATF Ministers reaffirmed "the central role of the FATF as the global international standard setter to take decisive, coordinated, and effective action against money laundering, terrorist financing, and proliferation financing related to weapons of mass destruction (WMD)." The mandate states, among other things, that: the objectives of the FATF are to safeguard financial
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The Financial Action Task Force outlined the findings from recent anti-money laundering / countering the financing of terrorism country-specific evaluations and warned of risks associated with stablecoins.
In an advisory, FinCEN alerted financial institutions to recent Financial Action Task Force updates to the list of jurisdictions with strategic AML and combating the financing of terrorism deficiencies.
The Financial Action Task Force updated its "Virtual Assets and Virtual Asset Service Providers" guidance for national authorities and private entities on money laundering and terrorist financing concerns arising from virtual asset activities.
FinCEN informed financial institutions of changes to the Financial Action Task Force's list of jurisdictions with strategic AML, counter-terrorist financing, and counter-proliferation financing deficiencies.