The FATF has released its report on Countering Ransomware Financing, to inform on global ransomware attacks, their impacts, and the importance of having strong AML/CTF controls in place to prevent their financing.

The report provides guidance on:

  • Characteristics, methods, and trends on financial flows from ransomware;
  • Challenges and good practices in disrupting ML from ransomware;
  • Procedures and controls to counter ransomware financing.

Firms should read the new FATF report to learn more about ransomware financing and measures they can take to help prevent and disrupt it.

https://www.fatf-gafi.org/content/fatf-gafi/en/publications/Methodsandtrends/countering-ransomware-financing.html

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