---
title: Key Takeaways from FATF Plenary
description: The FATF Plenary was held in Paris from 22-24 February 2023. The plenary discussed and agreed the following:
---

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# [Key Takeaways from FATF Plenary](https://www.plenitudeconsulting.com/news-insights/key-takeaways-from-fatf-plenary)

 Written by [Insight & Partnership Team](https://www.plenitudeconsulting.com/news-insights/author/insight-partnership-team) | Feb 24, 2023 3:21:00 PM

The plenary discussed and agreed the following:

- Suspension of Russia’s membership of  FATF, following its invasion of Ukraine
- Assessments of Indonesia and Qatar – final reports to be issued in May
- South Africa and Nigeria have been added as jurisdictions to the ‘grey list’ for increased monitoring as a result of strategic deficiencies in their financial crime regimes
- Morocco and Cambodia have been removed from the ‘grey list’
- Guidance on beneficial ownership (Recommendation 24) regarding transparency and beneficial ownership of legal arrangements to be published in March 2023
- Prioritisation Guidance accompanying Recommendation 24 on transparency and beneficial ownership of legal persons has been approved
- A roadmap to strengthen implementation of FATF standards on virtual assets has been agreed in preparation for a report in 2024
- FATF report on disrupting financial flows regarding ransomware will be published in March 2023
- Issuance of a report exploring the link between money laundering and art/antiquities
- New projects focusing on ML/TF regarding cyber-enabled fraud, and on crowdfunding for terrorist financing will be undertaken

[View full post](https://www.plenitudeconsulting.com/news-insights/key-takeaways-from-fatf-plenary)

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