On 14 October 2018, the Financial Action Task Force (FATF) published its annual report 2017-18.

Among other things the annual report notes that during the year the FATF:

  • completed its two-year terrorist financing operational plan and adopted a new plan to continue its focus on the evolving threat;
  • revised its standards to respond to the evolving money laundering and terrorist financing threats, including on information sharing and guidance on counter proliferation financing; and

adopted the mutual evaluation reports of Denmark, Ireland, Portugal, Mexico and Iceland which set out the effectiveness and technical compliance of each country’s measures to combat money laundering and terrorist financing.