?? CASSAGNE Consultores keeps you informed: FATF Plenary Results - February 2025 ???

At CASSAGNE Consultores, we proactively keep our followers and clients up to date with the latest developments in Anti-Money Laundering and Counter-Terrorist Financing (AML/CFT) ?.

Therefore, we share the key points of the Financial Action Task Force (FATF) Plenary held in Paris from February 19 to 21, 2025 ??.

? Key Outcomes of the FATF Plenary:

?? Gray List Update:

The Philippines was removed from the list of jurisdictions under increased monitoring after demonstrating progress in its AML/CFT/CPF system ???.

Laos and Nepal were added to the list of jurisdictions under increased supervision due to strategic deficiencies in their AML/CFT/CPF systems ????.

?? Financial Inclusion and Risk-Based Approach:

Changes to the FATF Standards were approved to promote financial inclusion and enhance the application of the risk-based approach ?.

A new public consultation will be launched to effectively implement these changes ?.

?? Payment Transparency and Proliferation Financing:

A public consultation will be initiated on payment transparency to improve the quality of information on originators and beneficiaries ??.

The FATF will also seek information on best practices and challenges in identifying and mitigating proliferation financing risks ?????.

?? New Initiatives and Collaborations:

Kenya was invited to participate in the Plenary under the initiative to include non-member countries to increase inclusivity ??.

The continuation of Russia?s suspension as a FATF member was confirmed ?.

A key report on financial flows related to online child sexual exploitation was approved and will be published in March 2025 ??.

?? For more details on the Plenary and FATF list updates, visit their official website: www.fatf-gafi.org ?.

If you want to understand how these updates impact your organization and compliance policies, do not hesitate to contact us.

At CASSAGNE Consultores, we assist our clients in the entire process of implementing and maintaining their AML/CTF policies to ensure they are not involved in money laundering cases and remain compliant with current regulations. ??

We invite you to learn more about money laundering and the prevention policies you must implement as an obliged entity.

Visit our website ? https://lnkd.in/dV4B9EBQ or book a consultation with our head consultant through our booking link: ? https://lnkd.in/dvikcFJX.

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