The plenary session of the Financial Action Task Force (FATF), held from October 20 to October 24 in Paris, concluded its work.
Participants discussed current challenges in combating financial crime and reviewed measures undertaken by FATF Global Network members to strengthen AML/CFT/CPF frameworks.
The meeting resulted in the adoption of several key documents, including updated FATF guidance on asset recovery, a report on the impact of artificial intelligence and deepfakes on ML/TF/PF risk profiles, and a roadmap for implementing Recommendation 16.
Delegates also reviewed and approved the mutual evaluation reports of Belgium and Malaysia — the first FATF member states to complete the new round of evaluations. Following quality and compliance reviews, these reports will be published on the FATF website.
The plenary confirmed that the status of the Russian Federation within the FATF remains unchanged. Russia’s membership continues to be suspended, pursuant to the politically motivated decision adopted in February 2023.
Additionally, Burkina Faso, Mozambique, Nigeria, and South Africa were removed from the FATF grey list, while the black list remains unchanged.
