The 3 key priorities included:
➡️ Tackling Fraud: Delivering a stronger global response to fraud by targeting scam compounds, illicit financial flows and cross-border fraud networks;
➡️ Risk-Based Approach: Promoting more effective risk-based supervision so firms and supervisors focus resources on the highest-risk areas;
➡️ Information Sharing: Strengthening public-private, private-to-private and cross-border information sharing to better disrupt illicit finance;
✅ With facilitating collaboration between stakeholders in a variety of organisations at the heart of the new FATF priorities firms should seek to understand how they can feed into upcoming FATF and other information-sharing initiatives to help combat economic crime.