FATF Annual Report 2022-23

The Financial Action Task Force (FATF) is an independent intergovernmental body that develops and promotes policies to protect the global financial system against money laundering, terrorist financing, and the financing of proliferation of weapons of mass destruction.

The FATF Recommendations are recognized as the global anti-money laundering (AML) and counter-terrorist financing (CFT)
standard.

The Financial Action Task Force (FATF) Annual Report for 2022-23 stands as a testament to the organization’s unwavering commitment to combatting money laundering and terrorist financing on a global scale. Established in 1989, the FATF has evolved into the preeminent international body setting standards and promoting effective implementation of legal, regulatory, and operational measures to combat financial crime.

In the 2022-23 reporting period, the FATF continued to lead the charge in shaping the global AML/CFT landscape through its comprehensive initiatives, projects, and assessments. The report provides a detailed analysis of emerging trends, risks, and challenges in the realm of money laundering and terrorist financing, offering valuable insights for policymakers, financial institutions, and law enforcement agencies worldwide.

View FATF Annual Report 2022-23 

Key highlights of the report include assessments of member jurisdictions’ compliance with FATF standards, identification of strategic deficiencies, and recommendations for addressing gaps in AML/CFT regimes. Furthermore, the report delves into the evolving nature of financial crime, exploring emerging threats and vulnerabilities in the digital era.

Amidst the ever-changing financial landscape, the FATF reaffirms its dedication to fostering international cooperation, capacity building, and technical assistance to empower jurisdictions in strengthening their AML/CFT frameworks. By forging strategic partnerships with international organizations and stakeholders, the FATF continues to spearhead collaborative efforts aimed at disrupting illicit financial flows and safeguarding the integrity of the global financial system.

As the world grapples with evolving threats posed by financial crime, the FATF Annual Report 2022-23 serves as a beacon of guidance, offering a roadmap for collective action and resilience in the fight against money laundering and terrorist financing. Through its steadfast leadership and commitment to excellence, the FATF remains at the forefront of the global effort to create a safer and more secure financial environment for all.

View FATF Annual Report 2022-23 

For more information about the FATF, please visit www.fatf-gafi.org This document and/or any map included herein are without prejudice to the status of or sovereignty over any territory, to the delimitation of international frontiers and boundaries, and to the name of any territory, city or area.

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