FATF Ministers reiterated their dedication to combatting financial crime in the organisation’s latest Ministerial Declaration.

Ministers reaffirmed the support of FATF as the global standard-setter for preventing and combatting money laundering, terrorist financing and the financing of proliferation of weapons of mass destruction.

The Declaration recognises the strategic achievements of the Singapore Presidency, including:

  • Continuing to assist jurisdictions to strengthen their AML/CFT/CPF systems and identify areas requiring development;
  • Enhancing Standards on asset recovery, including improving jurisdictions’ toolkits to recover the proceeds of crime;
  • Reinforcing the international framework for the transparency of beneficial ownership of legal persons and arrangements; and
  • Implementing Standards to regulate virtual assets for AML/CFT/CPF as to prevent the misuse of virtual assets for criminal purposes.

The latest Ministerial Declaration can be read for information on the accomplishments and continued priorities of the FATF.

https://www.fatf-gafi.org/en/the-fatf/ministerial-declarations.html

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