OBJECTIVES FOR THE FATF DURING THE GERMAN PRESIDENCY 2020-2022

On 1 July, FATF issued a news release advising that during the German Plenary years, the FATF will prioritise work on –

  • Digital Transformation of AML/CFT;
  • Financing of ethnically or racially motivated terrorism;
  • Money laundering and migrant smuggling;
  • Environmental crime; and
  • Illicit arms trafficking

It also says that FATF will continue to deliver its core work of identifying risks, setting standards, evaluating, and holding countries to account for effective action.

http://www.fatf-gafi.org/media/fatf/documents/German-Presidency-Priorities.pdf

 

 

If you would like to say thanks by making a small contribution, in case I need to upgrade or replace my computers and other paraphernalia, I have a page 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

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