FATF Watch

News and analysis of global AML/CFT developments.

[FATF Watch @FATFWatch]

There appears to be a problem with the #MENAFATF website - looked as if the domain was up for renewal last week and now an error message.

[FATF Watch @FATFWatch]

The FATF “unintended consequences” report is out.
Of course, that’s only unintended consequences of “misapplication” of the Standards, not that there might be adverse consequences of the Standards themselves, despite their restrictive nature.

[FATF @FATFNews]

Misapplication of FATF standards can lead to negative consequences. The FATF has conducted a study looking at the incorrect implementation of its standards. The FATF will consider ways to prevent and mitigate these issues.
See the findings of the study➡️https://t.co/P9aJR85RTn

[FATF Watch @FATFWatch]

The official outcomes of this week’s FATC plenary are here. Lots to digest! https://t.co/67gFOcBpDP

[FATF Watch @FATFWatch]

New FATF guidance on implementation of Recs relating to virtual assets will be published next week.

[FATF Watch @FATFWatch]

FATF will “encourage”, not require, public registries of beneficial ownership in proposed amendments to Standards: FATF President

[FATF Watch @FATFWatch]

FATF post-plenary presser is being live-streamed on their website.

[FATF Watch @FATFWatch]

FATF to consult on changes to beneficial ownership requirements in advance of next Plenary in February.

[FATF Watch @FATFWatch]

FATF announces “grey-listing” of Jordan, Mali and…Turkey at close of this week’s Plenary meeting.

[FATF @FATFNews]

What is the FATF? It's the global money laundering and terrorist financing watchdog. It sets standards for more than 200 countries & jurisdictions to help combat serious crime. This week, the FATF is holding its virtual plenary meeting. See more here➡️https://t.co/CBMQiyz2BK

[FATF Watch @FATFWatch]

FATF press brief being live-streamed here https://t.co/KnlHbfI5vf

[FATF @FATFNews]

Speaking virtually to the OSCE Counter-Terrorism Conference in Vienna, FATF President Marcus Pleyer emphasised how new digital technologies can potentially help speed up terrorist financing probes #FollowTheMoney

[FATF Watch @FATFWatch]

FATF’s latest business bulletin has lots about what the FATF is and has been doing, but nothing new by way of guidance for businesses. A handy reference, nonetheless.

[FATF @FATFNews]

Our latest business bulletin with news on the FATF's objectives under its German Presidency, forthcoming webinars, recently published reports and more.
👉https://t.co/kUbzBH5Wif
#FollowTheMoney #MoneyLaundering #TerroristFinancing

[FATF Watch @FATFWatch]

FATF public consultation on targeted financial sanctions.

[FATF @FATFNews]

Share your views on proposed measures to strengthen the global response to prevent funding for weapons of mass destruction. These measures aim to ensure that countries and the private sector effectively implement targeted financial sanctions. 👉https://t.co/rQXRWPu7gM

[FATF Watch @FATFWatch]

FATF has completed a review of the implementation of its revised Standards on virtual assets and virtual asset service providers, 12 months after they were introduced.
Good effort in the current crisis!
https://t.co/PoTVb5sc35

[FATF Watch @FATFWatch]

And here is the new President of the FATF, the first who will hold the position for two years, rather than one.
One of his first priorities should be to complete the Strategic Review of the FATF assessment process.

[FATF @FATFNews]

Congratulations to Dr. Marcus Pleyer on becoming the new FATF President. Under the German Presidency, the FATF will focus on a number of areas including:
⚫️Digital transformation
⚫️Ethnically or racially motivated terrorism
⚫️Environmental crime
See more➡️https://t.co/wIJhCJvNC7

[FATF Watch @FATFWatch]

Final statement from the outgoing FATF President as China hands over the reins to Germany.

[FATF @FATFNews]

“The challenge many countries face today is not the absence of comprehensive global standards, but the effective implementation of those standards” – on the last day of his term, a statement from FATF President Xiangmin Liu. See more here: https://t.co/PfOoR6BuaS #FollowTheMoney

[FATF @FATFNews]

The illegal wildlife trade generates revenues of up to $23 billion a year. It has links to modern slavery, drugs and the arms trade. A new FATF report finds it is a “global threat” and financial investigations are key to dismantling it ➡️ https://t.co/ds0DYaGtvF 1/ #wildlife

[FATF Watch @FATFWatch]

Our friends at RUSI have launched a new series of their podcast, the Suspicious Transaction Report. This season's theme is 'High Risk Thinking' and who better to start with than Graham Barrow.

[The Centre for Finance and Security (CFS) at RUSI @CFS_RUSI]

▶️ Episode 1 of #HighRiskThinking is live! Join @keatingetom and @greybrow53 of the @dark_files as they delve into the murky realm of high-risk structures. Listen here 👉 https://t.co/ya0NFIVEvj #aml #financialcrime #moneylaundering #Russia #danskebank

[FATF Watch @FATFWatch]

Notable that the FATF has given up on any pretence that their institute in Korea was about research as well as training, but here’s an opportunity for those interested running training for the FATF club.

[FATF @FATFNews]

Interested in working for the FATF in Korea? The deadline for applications is next Monday 👇

[FATF Watch @FATFWatch]

A timely paper from the FATF Secretariat, showing their capacity to act quickly in a crisis. Also contains an Annex with a compendium of actions taken by the authorities in numerous FATF/FSRB member states.

[FATF @FATFNews]

As the world battles COVID-19, a new paper outlines the challenges and policy responses to combat money laundering and terrorist financing risks emerging during the pandemic. The paper contains updates that have been shared with FATF members and partners➡️https://t.co/Se9MxgA1LT