FATF SUSPENDS AML/CFT EVALUATION OF AUSTRALIA

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.

https://www.riskscreen.com/kyc360/news/international-body-suspends-australias-anti-money-laundering-law-evaluations/

This blog is primarily for my own use, to keep informed and up to date. However, if you would like to say thank you (and perhaps help me get a new, better laptop when I am away…) you can “buy me a coffee” at https://www.buymeacoffee.com/KoIvM842y

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

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s