FATF REPORT TO G20 FINANCE MINISTERS AND CENTRAL BANK GOVERNORS ON ITS ONGOING WORK TO FIGHT MONEY LAUNDERING AND TERRORIST FINANCING

On 18th July, FATF released the report it had submitted to the July 2018 G20 Finance Ministers and Central Bank Governors’ meeting.  The report, in particular, concentrates on –

  • FATF’s work programme on virtual currencies/crypto assets, including money laundering and terrorist financing risks of virtual currencies/crypto assets, the regulatory environment for virtual currencies/crypto assets, revision of global standards and guidance and improving operational capacity;
  • Countering the financing of proliferation of WMD;
  • Countering the financing of terrorism;
  • Improving transparency and the availability of beneficial ownership information;
  • Improving the effectiveness of the criminal justice system: FATF engagement with judges and prosecutors;
  • De-risking; and
  • FinTech, RegTech: digital identity.

http://www.fatf-gafi.org/publications/fatfgeneral/documents/report-g20-fm-cbg-july-2018.html

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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