On 25 February 2025, the Financial Action Task Force (FATF) updated Recommendation 1 and its Interpretive Note, with corresponding amendments to Interpretive Notes to Recommendations 10 and 15, as well as related Glossary definitions to better support financial inclusion. The updates follow the February 2025 FATF Plenary where it was noted that the risk-based approach and financial inclusion was a key priority under the Mexican Presidency.

To embed the updates the FATF is also issuing a public consultation on proposed changes to its guidance on anti-money laundering / countering the financing of terrorism measures and financial inclusion that are intended to equip policy makers and regulators with practical examples. The deadline for comments on the consultation is 4 April 2025.