Adopted in May 2020, the EU’s new methodology for identifying high-risk countries (the 2020 Methodology) effectively states that when a country is placed on FATF’s greylist, it is assumed to present a risk to the global financial system and is therefore presumed to represent a risk to the EU internal market. The FIAU would like to bring to your attention the latest FATF ‘High-Risk Jurisdictions subject to a Call for Action‘ (previously known as ‘Public Statement’) and ‘Jurisdictions under Increased Monitoring‘ (previously known as ‘Improving global AML/CFT compliance: on-going process’) documents issued by the FATF on 23 October 2020. 4th Round of Mutual Evaluations Calendar August 2019 The COVID-19 pandemic continues to have a devastating impact around the world. CFATF Procedures for the Fourth Round of AML CFT Mutual Evaluations, 11 December 2020. The FATF have created internationally endorsed global standards for implementing effective AML/CFT measures. Comments 0 Over the past few months, private crypto assets, commonly known as privacy coins, have been under pressure due to recent AML regulations recommended by the FATF (Financial Action Task Force). These measures will ensure that this process, which is fundamental to FATF’s work, can continue under the current circumstances. US 'Largely Compliant' with FATF Recommendations, but Issues Remain . Delegates also discussed the ongoing work to develop a new FATF Guidance on proliferation financing risk assessment and mitigation. CFATF Procedures for the Fourth Round of AML CFT Mutual Evaluations, 11 December 2020. April 02, 2020. 40 recommendations of FATF are going to effect the businesses operating in it's member countries. 4th Round of Mutual Evaluations Calendar August 2019 Around the world, countries’ situations and responses vary, ranging from strict lockdown and travel restrictions to more relaxed crisis response measures. FATF Recommendations 2012 - Updated October 2020 FATF Methodology - 22 Feb 2013 Updated November 2020. If not, they face being added to the “Non-Cooperative Countries or Territories” (NCCTs), better known as the FATF Blacklist, which is a quick way of getting ostracized from international trade. the fatf recommendations international standards on combating money laundering and the financing of terrorism & proliferation ¤ 2012-2020 23 f. powers and responsibilities of competent authorities, and other institutional measures regulation and supervision … The FATF Plenary, the decision making body, meets three times a year around February, June and October. With the FATF Week underway in Paris, a final decision is expected on Pakistan’s status on the 21 st of February 2020. PARIS: The Financial Action Task Force (FATF) on Friday decided to keep Pakistan on the greylist for another four months till June 2020. The Financial Action Task Force (FATF) and the Middle East and North Africa Financial Action Task Force (MENAFATF) assessed The UAEs anti-money laundering and counter terrorist financing (AML/CFT) system. The FATF also presented on strategic initiatives, particularly amendments to the FATF Recommendations that strengthen measures to counter risks related to proliferation finance. Revision of Recommendation 15 and addition of two new definitions in the Glossary, Addition of Interpretive Note to Recommendation 15, Revision of Recommendation 1 and Interpretive Note to Recommendation 1, Revision of Recommendation 2 and a new Interpretive Note to Recommendation 2. Over the coming months, criminals may also find ways to exploit the inevitable rise in unemployment, the increases in remote transactions and the accelerated implementation of stimulus programs. RECOMMENDATIONS OVERVIEW Congress • Congress should explicitly apply the Bank Secrecy Act (BSA) to dealers in cultural property, requiring them to assist the U.S. government in preventing and detecting financial crimes, as it has done for all other sectors of comparable risk and scale. In light of these developments, this article factually highlights the legislative changes that Pakistan has introduced since 2019 in light of the initiative to implement FATF’s 27-point Action Plan. The task force was charged with studying money laundering trends, monitoring legislative, financial and law enforcement activities taken at the national and international level, reporting on compliance, and issuing recommendations and standards to combat money laundering. A. AML/CFT policies and coordination (Recommendations 1-2) B. By Sead Fadilpašić. These are working translations. The COVID-19 pandemic is lasting longer than many predicted, and continues to cause human suffering and economic disruption around the world. By Sead Fadilpašić. Despite the difficult COVID-19 context, the FSRBs have deployed considerable efforts to support their members and conduct mutual evaluation work, but they still face challenges to complete the current round of mutual evaluations. FATF Recommendations 2012 - Updated October 2020 FATF Methodology - 22 Feb 2013 Updated November 2020. A. AML/CFT policies and coordination (Recommendations 1-2) B. Money laundering and confiscation (Recommendations 3-4) For a full list of FATF Interpretive Notes, click here. With the FATF Week underway in Paris, a final decision is expected on Pakistan’s status on the 21 st of February 2020. International Standards on Combating Money Laundering and the Financing of Terrorism & Proliferation - The FATF Recommendations (updated October 2020) List of the FATF Recommendations; Introduction; The FAFT Recommendations. Paris, 23 October 2020 - The FATF President, Dr Marcus Pleyer, chaired his first Plenary meeting of the two-year German Presidency of the FATF. International Standards on Combating Money Laundering and the Financing of Terrorism & Proliferation - The FATF Recommendations (updated October 2020) List of the FATF Recommendations; Introduction; The FAFT Recommendations. FATF Recommendations 2012 - Updated October 2020 FATF Methodology - 22 Feb 2013 Updated November 2020. Revision of the INR.7 and consequential revisions of the Glossary definitions of “Designated person or entity”, “Designation” and “Without delay” to bring the text in line with the requirements of recent United Nations Security Council Resolutions and to clarify the implementation of targeted financial sanctions relating to proliferation financing. The revised Recommendation 1 and its Interpretive note require countries and private sector entities to identify, assess, manage and mitigate the risks of potential breaches, non-implementation, or evasion of the targeted financial sanctions related to proliferation financing. The FATF first introduced a virtual asset and a VASP to its glossary in 2018 and explicitly clarified that FATF standards and recommendations apply to them. One of the priorities of the FATF is to further enhance cooperation with the FATF-Style Regional Bodies (FSRBs) to improve the implementation of the FATF Standards across the whole Global Network. Log in Caribbean Financial Action Task Force. Revision of INR.18 to clarify the requirements on sharing of information related to unusual or suspicious transactions within financial groups. In February 2020, FATF had declared Pakistan “fully compliant” on 14 out of 27 points, with varying degrees of compliance on the remaining 13 targets.The AML/CFT watchdog also set a deadline to ensure compliance to the remaining targets – ending originally in June 2020, which was later extended to October 2020. Following a public consultation on the draft amendments to Recommendation 1 and its Interpretive Note, the FATF Plenary approved revisions to the FATF Recommendations. 1 The FATF is an inter-governmental body which sets standards, and develops and promotes policies to combat money laundering and terrorist financing. It currently has 36 members: 34 countries and governments and two Published on 06 November 2020 1794 downloads. DNFBPs required to keep all data of buyers making purchases of Rs2m. Money laundering and confiscation (Recommendations 3-4) Written by Werner Vermaak Download . A. AML/CFT policies and coordination (Recommendations 1-2) B. CFATF Procedures for the Fourth Round of AML CFT Mutual Evaluations, 11 December 2020. In this article, we explain why preserving the privacy of monetary systems is important, and why it should matter to its stakeholders. Meanwhile, criminals continue to exploit the situation, including through fraud schemes linked to medical and protective equipment. Recommendation 20: Reporting of suspicious transactions. If the relevant authorities don’t receive … The Financial Action Task Force (FATF) an international, intergovernmental body dedicated to combating money laundering and the financing of terrorism. RECOMMENDATIONS OVERVIEW Congress • Congress should explicitly apply the Bank Secrecy Act (BSA) to dealers in cultural property, requiring them to assist the U.S. government in preventing and detecting financial crimes, as it has done for all other sectors of comparable risk and scale. 4th Round of Mutual Evaluations Calendar August 2019 pdfFATF Recommendations 2012 - Updated October 2020 Popular. The FATF also presented on strategic initiatives, particularly amendments to the FATF Recommendations that strengthen measures to counter risks related to proliferation finance. The FATF Standards comprise the Recommendations themselves and their Interpretive Notes, together with the applicable definitions in the Glossary. International Standards on Combating Money Laundering and the Financing of Terrorism & Proliferation - The FATF Recommendations (updated October 2020) List of the FATF Recommendations; Introduction; The FAFT Recommendations. Revision of R.15 and addition of new definitions “virtual asset” and “virtual asset service provider” in order to clarify how AML/CFT requirements apply in the context of virtual assets. CFATF Procedures for the Fourth Round of AML CFT Mutual Evaluations, 11 December 2020. The Financial Action Task Force (FATF) was founded in 1989 after a G7 summit. Now six months later, the crisis is persisting and is continuing to impact some of the FATF mutual evaluation and follow-up processes. The prevention of money laundering, terrorism financing, bribery and corruption, tax evasion, and sanctions breaches lies at the centre of this growing area of scrutiny. Jurisdictions under increased monitoring are actively working with the FATF to address strategic deficiencies in their regimes to counter money laundering, terrorist financing, and proliferation financing. The FATF Recommendations, the international anti-money laundering and combating the financing of terrorism and proliferation (AML/CFT) standards, and the FATF Methodology to assess the effectiveness of AML/CFT systems. Money laundering and confiscation (Recommendations 3-4) It was the first Plenary of Germany’s two-year Presidency. Money laundering and confiscation (Recommendations 3-4) Next meeting of FATF Plenary will be on 21 – 23 October 2020. International Standards on Combating Money Laundering and the Financing of Terrorism & Proliferation - The FATF Recommendations (updated October 2020) List of the FATF Recommendations; Introduction; The FAFT Recommendations. In the event of a conflict over interpretation, the official English and French versions of the text, as published on the FATF website, are authoritative. Overall, in light of the progress made since the MER was adopted, Pakistan’s technical compliance with FATF Recommendations as follows as of the reporting date (Feb 2020) There are four possible levels of technical compliance: 1. The strength of the FATF lies in its ability to bring together a global network of over 200 countries and jurisdictions that have committed at the highest levels to implementing the FATF Recommendations. FATF Recommendations 2012 - Updated October 2020 FATF Methodology - 22 Feb 2013 Updated November 2020. March 12, 2020. THE FATF RECOMMENDATIONS INTERNATIONAL STANDARDS ON COMBATING MONEY LAUNDERING AND THE FINANCING OF TERRORISM & PROLIFERATION ¤ 2012-2020 5 Number Old Number1 A – AML/CFT POLICIES AND COORDINATION 1 - Assessing risks & applying a risk-based approach * 2 R.31 National cooperation and coordination * B – MONEY LAUNDERING AND CONFISCATION The FATF Recommendations set out a comprehensive and consistent framework of measures which countries should implement in order to combat money laundering and terrorist financing, as well as the financing of proliferation of weapons of mass destruction. This comes after both countries received on-site visits despite the COVID-19 crisis. However, a survey across the FATF Global Network highlights that the pandemic has severely impacted some authorities’ ability to implement measures to detect, prevent and investigate money laundering and terrorist financing. Established in 1989, the FATF works to align international AML/CFT standards across its 36 current member states by issuing regular guidance to financial authorities. In April 2020, the FATF granted jurisdictions an additional four months for deadlines due to the COVID-19 crisis. FATF Recommendations 2012 - updated to October 2020… show icon only. THE FATF RECOMMENDATIONS INTERNATIONAL STANDARDS ON COMBATING MONEY LAUNDERING AND THE FINANCING OF TERRORISM & PROLIFERATION 8 2012-2020 Following the conclusion of the third round of mutual evaluations of its members, the FATF has reviewed and updated the FATF Recommendations, in close co-operation with the FATF-Style But due to Covid-19, the session was not conducted in June. FATF Recommendations 2012 - Updated October 2020 FATF Methodology - 22 Feb 2013 Updated November 2020. In June 2019, the FATF issued further guidance for a risk-based approach to virtual assets and VASPs, helping authorities respond to virtual asset activities and VASPs. US 'Largely Compliant' with FATF Recommendations, but Issues Remain . Insertion of the reference that DNFBP secrecy or confidentiality laws should not affect the provision of mutual legal assistance, except where the relevant information that is sought is held in circumstances where legal professional privilege or legal professional secrecy applies. 4th Round of Mutual Evaluations Calendar August 2019 April 02, 2020. Learn how it affects the AML/KYC compliance practices. Money laundering and confiscation (Recommendations 3-4) The Joint Experts’ Meetings provide an important opportunity for operational experts from FATF and FSRB members, as well as other international bodies such as the IMF, United Nations and World Bank to discuss current and emerging money laundering and terrorist financing risks. Iceland and Mongolia will no longer be subject to the FATF’s increased monitoring process. The FATF did not discuss or update the statement in June 2020, with the exception of Iceland and Mongolia (see below). It is crucial for countries to fully and effectively implement the FATF Recommendations, using a risk-based approach to ensure that measures to prevent or mitigate the risks are commensurate with the money laundering and terrorist financing risks identified. Compliant (C), 2. International Standards on Combating Money Laundering and the Financing of Terrorism & Proliferation - The FATF Recommendations (updated October 2020) List of the FATF Recommendations; Introduction; The FAFT Recommendations. It is critical that jurisdictions actively identify, assess, and understand how criminals and terrorists can exploit the pandemic. Jurisdictions under increased monitoring are actively working with the FATF to address strategic deficiencies in their regimes to counter money laundering, terrorist financing, and proliferation financing. Methodology 2013 - amended November 2020. Source: Adobe/simonidadj. Since then, the FATF was able to review nine jurisdictions under increased monitoring and updated the statement accordingly for these jurisdictions. Caribbean Financial Action Task Force. During the next meeting, delegates will also discuss preliminary findings of three FATF priority projects: environmental crime, illicit arms trafficking, and the financing of ethnically and radically motivated terrorism. The FATF Plenary agreed to hold the next Joint Experts’ Meeting virtually, from 23-25 November. FBR issues new regulations to comply with FATF plan . While the recommendations are not legally binding, countries are expected to toe the official FATF line and implement the latest recommendations where possible. Published on 06 November 2020 . Delegates discussed how to continue FATF’s work to identify and respond to high-risk jurisdictions or jurisdictions with strategic weaknesses in their anti-money laundering and counter terrorist financing measures, when COVID-19 measures impede on-site visits and meetings of the regional review groups. 2021; 2020; 2019; 2018; Newsletters; Shop; Forum; Resources; About; Contact. Money laundering and confiscation (Recommendations 3-4) 1794 downloads . A. AML/CFT policies and coordination (Recommendations 1-2) B. Finally, this session was conducted in October 2020. At the same time, an increasing number of cases of counterfeiting of medical goods, investment fraud, adapted cyber-crime scams and exploitation of economic stimulus measures, demonstrate that criminals are still actively exploiting the ongoing crisis. When the FATF places a jurisdiction under increased monitoring, it means the country has committed t… FATF Recommendations 2012 - updated to October 2020.pdf. FATF Recommendations 2012 - Updated October 2020 FATF Methodology - 22 Feb 2013 Updated November 2020. When the FATF places a jurisdiction under increased monitoring, it means the country has committed to resolve swiftly the identified strategic deficiencies within agreed timeframes and is subject to increased monitoring. A. AML/CFT policies and coordination (Recommendations 1-2) B. The prevention of money laundering, terrorism financing, bribery and corruption, tax evasion, and sanctions breaches lies at the centre of this growing area of scrutiny. They discussed the objective criteria and procedures for handling mutual evaluations in a fair and consistent way while maintaining the quality of each assessment at a high standard. FATF also monitors the situations of its members in establishing adequate measures and institutions to fight against money laundering and terrorist financing. Insertion of an Interpretive Note that sets out the application of the FATF Standards to virtual asset activities and service providers. According to the conclusion of FATF, Pakistan has worked on 21 recommendations out of 27. … CFATF Procedures for the Fourth Round of AML CFT Mutual Evaluations, 11 December 2020. The FATF Recommendations set out a comprehensive and consistent framework of measures which countries should implement in order to combat money laundering and terrorist financing, as well as the financing of proliferation of weapons of mass destruction. Jurisdictions under Increased Monitoring - 23 October 2020, High-Risk Jurisdictions subject to a Call for Action - 23 October 2020, High-Risk Jurisdictions subject to a Call for Action, Restricted access for FATF Delegates only, Outcomes FATF Plenary, 21-23 October 2020, ML/TF Risks and FATF Policy Responses to COVID-19 since May 2020, Impact of COVID-19 on FATF Mutual Evaluation and Follow-up Processes, Impact of COVID-19 on FATF Processes to Monitor Jurisdictions Under Increased Monitoring, Jurisdictions No Longer under Increased Monitoring – Iceland and Mongolia, Strengthening Measures to Prevent the Financing of Proliferation of Weapons of Mass Destruction. Countries have diverse legal, administrative and operational frameworks and different financial systems, and so cannot all take identical measures to counter these threats. FATF Recommendations 2012 - Updated October 2020 FATF Methodology - 22 Feb 2013 Updated November 2020. The FATF Recommendations set out a comprehensive and … This is why the full and effective implementation of the FATF Standards remains critical. FATF Recommendations 2012 - Updated October 2020 FATF Methodology - 22 Feb 2013 Updated November 2020. 4th Round of Mutual Evaluations Calendar August 2019 KYC-Chain. International Standards on Combating Money Laundering and the Financing of Terrorism & Proliferation - The FATF Recommendations (updated October 2020) List of the FATF Recommendations; Introduction; The FAFT Recommendations. Specifically for the virtual asset industry, the FATF’s Interpretive Note to Recommendation 15, paragraph 7 (b)-R16, the s o-called FATF’s “crypto travel rule” caused a seismic shift in how the industry is to be regulated in 2020 and beyond. Official Website of the Caribbean Financial Action Task Force . October 21, 2020 Pakistan Will Remain in the FATF Grey List – But That’s Not Enough By Mariam Solaimankhail Delegates agreed on flexible procedures, aligned with the mutual evaluations procedures, which allow on-site visits as necessary. FATF Best Practices on Combatting the Abuse of NPOs, FATF steps up the fight against money laundering and terrorist financing, FATF Recommendations 2012 - Press Handout, Restricted access for FATF Delegates only, Alignment of the Standards between R.37 and R.40, Revision of the Interpretive Note to R. 5 to address the foreign terrorist fighters threat. In respect of the 40 FATF Recommendations, New Zealand was said to be compliant with 8, largely compliant with 20, and partially compliant with 12. Sidebar ×. The FATF Recommendations set out a comprehensive and consistent framework of measures which countries should implement in order to combat money laundering and terrorist financing, as well as the financing of proliferation of weapons of mass destruction. August 2020 Complying with FATF Recommendations for Virtual Assets ——— Report September 2020. g t A ts tu Assts 1 Cryptocurrency and digital asset transactions necessitate proper oversight and compliance. Recommendations 6/7/35: Sanctions. This clarifies that Recommendation 5 requires countries to criminalise financing the travel of individuals who travel to a State other than their States of residence or nationality for the purpose of the perpetration, planning, or preparation of, or participation in, terrorist acts or the providing or receiving of terrorist training. The initial purpose of the task force was to analyze money laundering trends and evaluate the combative steps that global governments have taken to prevent it. In 2018 MENAFATF assessed the effectiveness of Mauritania's measures to tackle money laundering and terrorist financing, and their compliance with the FATF Recommendations. Executive-Summary-Mutual-Evaluation-Report-UAE-2020. 28th October 2020. The road to economic recovery from this crisis will be long and uncertain, as governments around the world will focus resources and efforts to help communities that have suffered from the pandemic. As amended October 2020. Documents ; Discussions ; pdf FATF Recommendations 2012 - Updated October 2020 Popular. International Standards on Combating Money Laundering and the Financing of Terrorism & Proliferation - The FATF Recommendations (updated October 2020) List of the FATF Recommendations; Introduction; The FAFT Recommendations. Home Remittances for Terrorism Financing June 13, 2020; TF, Tax Evasion and Money Laundering June 13, 2020; Wire transfers/Use of Foreign Bank Accounts June 13, 2020; Close. Revision of R. 8 and the Interpretive Note to R. 8, Revision of the standard on non-profit organisation (NPO) to clarify the subset of NPOs which should be made subject to supervision and monitoring. The year 2019 marked decisive changes in the way regulatory authorities view and police the use of cryptocurrencies. 28th October 2020. In light of these developments, this article factually highlights the legislative changes that Pakistan has introduced since 2019 in light of the initiative to implement FATF… The FATF calls upon all countries to effectively implement these measures in their national systems. The the EU’s new methodology for identifying high-risk countries (the 2020 Methodology) effectively states that when a country is placed on FATF’s greylist, it is assumed to present a risk to the global financial system and is therefore presumed to represent a risk to the EU internal market.5How It concludes with further legislative amendments expected to be implemented in the near … Furthermore, we will outline how … Unless Pak army decides to act on the FATF recommendations seriously, there is little chance of Pakistan being removed from the 'Grey List' in the near future. PHOTO: FILE . Iceland will work with the FATF and Mongolia will work with the APG of which it is a member, to continue to strengthen their AML/CFT regimes. 4th Round of Mutual Evaluations Calendar August 2019 The three-day plenary meeting took place virtually due to the COVID-19 pandemic and delegates worked through a full agenda. Revision of R. 1 and INR. A. AML/CFT policies and coordination (Recommendations 1-2) B. Learn how it affects the AML/KYC compliance practices. CFATF Procedures for the Fourth Round of AML CFT Mutual Evaluations, 11 December 2020. CFATF Procedures for the Fourth Round of AML CFT Mutual Evaluations, 11 December 2020. Dave Jevans, CEO of Cipher Trace, talks about what the new draft guidance from the FATF (Financial Action … The following unofficial translations, are provided for your convenience. This brings INR.8 into line with the FATF Typologies Report on, Revision of the Interpretive Note to R. 5 and the Glossary definition of ', Revision of the Interpretive Note to R.7 and the Glossary definitions of “Designated person or entity”, “Designation” and “Without delay”, Revision of the Interpretive Note to Recommendation 18. Download. This guidance will provide further clarity to countries and the private sector on implementation of the new requirements, including for small or low-risk entities so as to avoid unintended consequences, such as financial exclusion. International Standards on Combating Money Laundering and the Financing of Terrorism & Proliferation - The FATF Recommendations (updated October 2020) List of the FATF Recommendations; Introduction; The FAFT Recommendations. September 2020 REFRAMING U.S. POLICY ON THE ART MARKET. It also includes providing this information to branches and subsidiaries when necessary for AML/CFT risk management. In June 2019, the FATF agreed to pursue further work to strengthen the FATF Standards on countering the financing of proliferation. FATF Recommendations 2012 - amended October 2020. These include procedures to conduct certain aspects of the on-site visit virtually or, if necessary, to postpone on-site visits. The last review meeting took place between 16-21 February 2020 in Paris. 2020; 2019; 2018; 2017; 2016; Translated Transcripts; Unconfirmed. A. AML/CFT policies and coordination (Recommendations 1-2) B. 5 However, this is a major sore point. The FATF Recommendations 23 Oct 2020 The FATF Recommendations are the basis on which all countries should meet the shared objective of tackling money laundering, terrorist financing and the financing of proliferation. Delegates discussed how to continue FATF mutual evaluations using a flexible approach, when crisis response measures limit or impede travel. The FIAU would like to bring to your attention the latest FATF ‘High-Risk Jurisdictions subject to a Call for Action‘ (previously known as ‘Public Statement’) and ‘Jurisdictions under Increased Monitoring‘ (previously known as ‘Improving global AML/CFT compliance: on-going process’) documents issued by the FATF on 23 October 2020. August 2020 Complying with FATF Recommendations for Virtual Assets ——— Report September 2020. g t A ts tu Assts 1 Cryptocurrency and digital asset transactions necessitate proper oversight and compliance. To comply with United Nations Security Council resolutions, … The aim of these recommendations were to increase the transparency of the financial system aka making it easier to detect criminal activity while giving countries the capacity to successfully take action against money launderers and terrorist financiers. The Plenary encouraged FATF members to explore possible solutions to enhance and better target their support to FSRBs, in particular on their mutual evaluation programmes. A. AML/CFT policies and coordination (Recommendations 1-2) B. FATF gave 27 recommendations-based action plans to Pakistan in Feb 2020 and gave four more months to implement these recommendations. Countries and public authorities need to take a risk-based approach that prevents or mitigates the emerging criminal risks and trends linked to the pandemic and ensure funds reach legitimate recipients, particularly those in need. The FATF also adopted changes to Recommendation 2 and a new Interpretive Note to Recommendation 2, to enhance domestic co-operation, co-ordination and information exchange among national authorities. Money laundering and confiscation (Recommendations 3-4) International Standards on Combating Money Laundering and the Financing of Terrorism & Proliferation - The FATF Recommendations (updated October 2020) List of the FATF Recommendations; Introduction; The FAFT Recommendations. FATF Recommendations are effectively implemented by all countries. In April 2020, the FATF decided to postpone its assessment and follow-up deadlines in response to the COVID-19 pandemic. Irshad Ansari September 30, 2020. Revision of R. 21 to clarify the interaction of R. 18 requirements with tipping-off provisions. The FATF is committed to proceeding with its work under the current circumstances. What is an effective system to combat money laundering and terrorist financing? The FATF congratulated Iceland and Mongolia for the significant progress they have made in addressing the strategic AML/CFT deficiencies identified earlier by the FATF and included in their respective action plans. Minor consequential amendment in R.2 to insert reference to counter proliferation financing in the context of national co-operation and co-ordination.Insertion of a new interpretive note that sets out the inter-agency framework to promote domestic co-operation, co-ordination and information exchange, that should be shared, when it should be shared and the safeguards and protections that should apply to, translated by Financial Analytical Office of the Czech Republic, Terrorism Prevention Branch of the United Nations Office on Drugs and Crime (UNODC), Information on updates made to the FATF Recommendations, Consolidated FATF Standards on Information Sharing, FATF Methodology for assessing compliance with the FATF Recommendations and the effectiveness of AML/CFT systems, Procedures for the FATF's fourth round of AML/CFT mutual evaluations.
Decjuba Charlie Shorts, Contact Living Magazine, Iodine 129 Measurement, Jhay Cortez And Bad Bunny, Stripe Payments Uk Limited, Ciorba De Fasole Post, Raul Fernandez Height, Scotch-brite Non Scratch Scour Pads, Xenoblade 2 Production Mastery,