The 5th Plenary Session of the Financial Action Task Force (FATF) under the Presidency of T. Raja Kumar of Singapore concluded in Paris, France.

International

The 5th Plenary Session of the Financial Action Task Force (FATF) under the Presidency of T. Raja Kumar of Singapore concluded in Paris, France. Delegates from the FATF’s Global Network of over 200 jurisdictions and observers from international organisations participated in three days of discussions on key money laundering, terrorism financing and proliferation financing issues at the FATF headquarters in Paris. The Plenary also agreed to release for public consultation, a range of options for potential changes to Recommendation 16 and its Interpretive Note on wire transfers. The FATF issued a statement on the Russian Federation. The FATF identified jurisdictions with materially important virtual asset activity, to support them in implementing the FATF’s requirements to supervise and regulate this activity.


      The Plenary agreed on the appointment of a new President of the FATF (2024-2026).

      FATF has announced a significant leadership change, appointing Ms. Elisa de Anda Madrazo of Mexico as its President for the 2024-2026 term.

     

 

     


Financial Action Task Force (FATF)

Founded- July 1989
HQ- Paris, France
          ____________________________