On March 16, 2018, the Financial Action Task Force published its report to G20 Finance Ministers and Central Bank Governors, in advance of their meeting in Buenos Aires scheduled for March 19 – 20, 2018. In the report, the FATF reiterates its commitment to tackle all sources, techniques and channels used in terrorist financing and to continue its work to increase financial transparency and improve the environment for remittances.
The report gives an overview of the FATF's recent work by providing stock-takes on the following workstreams:
- strengthening the FATF's institutional basis, governance and
- countering the financing of terrorism and proliferation;
- improving transparency and the availability of beneficial ownership information;
- supporting financial inclusion and access to regulated financial services;
- FATF engagement with judges and prosecutors to improve the effectiveness of the criminal justice system; and
- the risks and opportunities of FinTech, RegTech and virtual currencies.
The FATF proposes to continue work on these workstreams and provide a progress report to G20 leaders at their Summit in Buenos Aires on November 30 – December 1, 2018.
The report is available at: http://www.fatf-gafi.org/media/fatf/documents/FATF-G20-FM-CBG-March-2018.pdf.
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