Following the Money: Recent FATF Compliance Findings

Historically, Financial Action Taskforce (FATF) evaluations focused on their member countries having implemented the recommendations. Now, the evaluations focus much more heavily on the effectiveness of the implementation. This is a firm move away from it being acceptable to have simply put procedures in place; now, countries also have to [...]

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FATF Plenary Meeting Summary

The 2022 Financial Action Task Force (FATF) Plenary Meeting took place in Paris between the 2nd– 4th of March. Representatives of the 206 members of FATF were present at the meeting, in which they addressed four key themes: monitoring international compliance; the completion of the FATF’s Strategic Review; tougher money [...]

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FCA Data on UK Financial Crime

Of relevance to: All firms In a speech by Megan Butler, Executive Director of Supervision – Investment, Wholesale and Specialists at the Financial Conduct Authority (“FCA”), delivered at the Anti-Money Laundering TechSprint event on 22 May 2018, the FCA revealed that 2,100 firms, including all the major banks and life [...]

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