February 23 2018
The second FATF Plenary meeting under the Presidency of Mr. Santiago Otamendi of Argentina took place in Paris 21-23 February 2018. The main issues dealt with by this Plenary were:
Combatting terrorist financing, including the adoption of a new counter-terrorist financing operational plan and a statement on the actions taken under the 2016 counter-terrorist financing strategy.
Adoption of a report to the G20 Finance Ministers and Central Bank Governors.
Updated FATF Guidance on Counter Proliferation Financing.
Amendments to Recommendation 2 on national cooperation and coordination.
Discussion of the mutual evaluation report of Iceland.
Follow-up reports for the mutual evaluations of Spain and Norway where both countries sought technical compliance re-ratings.
Brazil’s progress in addressing the deficiencies identified in its mutual evaluation report since it agreed an action plan in November 2017.
Two public documents identifying jurisdictions that may pose a risk to the international financial system:
Jurisdictions with strategic anti-money laundering and countering the financing of terrorism (AML/CFT) deficiencies for which a call for action applies.
Jurisdictions with strategic AML/CFT deficiencies for which they have developed an action plan with the FATF.
Monitoring Iran’s actions to address deficiencies in its AML/CFT system.
AML/CFT improvements in Bosnia and Herzegovina.
Revisions on information sharing to the FATF Methodology.
Update on recent developments on de-risking
Improving the understanding of virtual currencies risks.
Update on FinTech & RegTech Initiatives.
Improving the effectiveness of the Criminal Justice System: FATF global engagement with judges and prosecutors.
Outcomes of the meeting of the FATF Forum of Heads of Financial Intelligence Units (FIUs), which was held in the margins of the Plenary.
Strengthening FATF’s institutional basis.
Activities of the FATF Training and Research Institute in Busan, Korea.