On 27th September, FATF issued the latest edition of its Business Bulletin.  It includes links to –

  • Joint FATF/MENAFATF Evaluation of Bahrain published 4th September
  • Joint FATF/MENAFATF Evaluation of Saudi Arabia published on 24th September
  • FATF has re-rated Belgium on 15 out of the 40 Recommendations
  • FATF has re-rated Sweden on 10 of the 40 Recommendations and moved the country from enhanced to regular follow-up

The US Presidency of FATF from 1st July 2018 is said to include as priorities –

  • enhancing its work to prevent the financing of the proliferation of WMD and maintain an emphasis on combating TF
  • taking further action regarding crypto assets given their expansion and attractiveness as a payment method for illicit actors
  • continue to focus on financial and regulatory technologies, private sector outreach, and capacity-building at FATF-style regional bodies (such as Moneyval)


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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