On 21 February 2025, the Wolfsberg Group published:
On 29 October 2024, the Financial Action Task Force (FATF) published the outcomes of its plenary on 23 – 25 October 2024.
Key points from the plenary include that FATF:
In our EMEA regulatory insights series colleagues from our EMEA offices provide an update on some of the key regulatory issues they are seeing in their local market. In this latest episode Matthew Shanahan, Karl Masi and Hasanali Pirbhai from our Dubai office discuss recent UAE regulatory developments including the UAE’s removal from the FATF
In our latest Global Regulation Tomorrow Plus podcast, Matthew Gregory, Joe Bamford, Hishaam Khan and Anita Edwards discuss the first annual governing body report, and the governing body’s obligations with respect to it, under the FCA’s Consumer Duty rules. Firms are required to have prepared the report by 31 July 2024, and in this podcast
On 16 November 2023, the Financial Action Task Force (FATF) updated its best practices on combating the abuse of non-profit organisations (NPOs). The update follows the revisions that the FATF made earlier this year to Recommendation 8 that aim to protect NPOs from potential terrorist financing abuse through the effective implementation
On 1 November 2023, the Financial Action Task Force (FATF) published a report on crowdfunding for terrorism financing.
The majority of crowdfunding activity is legitimate, but events around the world have demonstrated that it can also be exploited for illegal purposes. This includes terrorists and terrorist groups who exploit fundraising platforms and crowdfunding
On 30 June 2023, the Financial Action Task Force (FATF) launched a public consultation on the revision of Recommendation 8 and its interpretive note.
The FATF is considering proposals for draft amendment text to Recommendation 8 of the FATF Standards and its interpretive note (R.8/INR.8), which aims to protect non-profit organisations
On 27 June 2023, the Financial Action Task Force (FATF) published a report, Targeted update on implementation of the FATF standards on virtual assets and virtual asset service providers.
In October 2018, the FATF updated Recommendation 15 (R.15) to extend anti-money laundering / countering the financing of terrorism (AML/CFT
On 26 June 2023, the Financial Action Task Force (FATF) published the outcomes from the FATF Plenary, which took place on 21-23 June 2023.
Delegates from over 200 jurisdictions of the Global Network and observers from international organisations participated in these discussions at the FATF headquarters in Paris.
The outcomes of the discussions
On 10 March 2023, the Financial Action Task Force (FATF) published updated Recommendations which were adopted at its plenary on 15 February 2023. The FATF has reviewed and updated the FATF Recommendations, in close co-operation with the FATF-Style Regional Bodies (FSRBs) and the observer organisations, including the International Monetary Fund, the