In June 2018, a new FATF Public Declaration was adopted at the regular plenary meeting of the Financial Action Task Force (FATF) in Paris.
In order to protect the international financial system from money laundering and terrorist financing risks and in order to encourage an increase in the level of compliance with money laundering and terrorist financing standards, the FATF determined the jurisdictions which have strategic deficiencies and with it cooperates in order to eliminate the identified disadvantages that have risks to the international financial system.
According to this statement, the FATF appeals to its members and other jurisdictions to apply countermeasures to protect the international financial system from persistent and significant money laundering and terrorist financing risks, as well as strengthened due diligence measures proportionate to the risks posed by such jurisdictions.
The Public FATF statement of June 29, 2018 can be found on the official website of the SFMS in the section «International Cooperation» / «Statements of International Organizations».
Press-service of the SFMS