Scheda

The sixth and final plenary meeting of the FATF was held from 26 to 28 June under the chairmanship of T. Raja Kumar of Singapore.

The FATF removed two countries from its increased monitoring following successful on-site visits and updated its statements on high-risk and other monitored jurisdictions. Building upon the FATF statements over the past decade, the FATF reiterated its concerns over the Democratic People’s Republic of Korea’s (DPRK) continued failure to address the significant deficiencies in its anti-money laundering and combating the financing of terrorism (AML/CFT) regime and the serious threats posed by the DPRK’s illicit activities related to the proliferation of weapons of mass destruction and its financing.

In line with its focus on risk and context, the FATF achieved a key strategic milestone by revising the criteria for prioritising countries under its International Cooperation Review Group (ICRG) process (the so-called grey or blacking listing process).

In preparation for the next round of mutual evaluations, the Plenary agreed how countries will be assessed for compliance with the recently revised FATF Standards that further enhance asset recovery and international co-operation frameworks and more effectively deprive criminals of the proceeds of crime.

Members approved the Priorities of the FATF under the incoming Mexican Presidency. These include a focus on financial inclusion; ensuring a successful start to the new round of assessments; strengthening cohesion of the Global Network; supporting effective implementation of revised FATF Standards with a focus on asset recovery, beneficial ownership and virtual assets; and continued efforts to combat terrorist and prolilferation financing.

The suspension of the Russian Federation continues to stand