On 21st November, KYC 360 reported that FATF has suspended evaluations of financial crime laws mid-way through an examination of Australia’s progress in the area. It was announced that FATF has decided to temporarily pause the start of all scheduled follow-up assessments pending the outcomes of the strategic review of FATF currently underway, and that the next FATF Plenary will discuss aspects of this review at its next meeting in February 2020, with new dates for the start of follow-up assessments, including for Australia, are still to be finalised. A FATF’s 2018 report found Australia non-compliant or partially compliant with 14 of the 40 FATF recommendations.
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