? JOINT FATF-MONEYVAL PLENARY ? JUNE 2025 ?

CASSAGNE Consultores informs its clients and followers about the key outcomes of the joint FATF-MONEYVAL plenary meeting, chaired by Elisa de Anda Madrazo (FATF) and Nicola Muccioli (MONEYVAL), held on 12?13 June 2025 in Strasbourg.

Key resolutions from the Plenary:

? Amendments to FATF Recommendation 16 on cross-border payment transparency:

- Changes were approved to enhance the security of cross-border transfers exceeding 1,000 USD/EUR.

- The new rules (to take effect in 2030):

A) Require greater clarity on the origin and destination of funds.

B.) Streamline the data included in payment messages.

C.) Incorporate technology to prevent fraud and errors.

D.) Aim to reduce costs and delays.

? New tools and resources approved by FATF:

a.) Updated guidance to promote financial inclusion through a risk-based approach.

b.) A national risk assessment toolkit.

c.) New guidelines to ensure AML/CFT measures do not unduly affect non-profit organizations (NPOs).

? Mutual Evaluation of Latvia:

The first report of the new round of mutual evaluations was adopted. Latvia was assessed by MONEYVAL on the effectiveness of its AML/CFT/CPF system in addressing actual risks. The report will be published in the coming months.

?? Jurisdictions under Increased Monitoring (FATF Grey List):

- Added: Bolivia and the British Virgin Islands (UK).

- Removed after successfully completing action plans: Croatia, Mali, and Tanzania.

? MONEYVAL ? Enhanced Follow-up Procedures:

Czechia, Georgia, and Slovakia will remain under enhanced follow-up until December 2025, due to persistent technical deficiencies in key FATF recommendations.

? Thematic reports approved for publication:

a.) Global report on terrorist financing, with input from over 80 countries.

b.) Report on proliferation financing and sanctions evasion schemes.

c.) 6th updated report on virtual assets and Virtual Asset Service Providers (VASPs).

? International Cooperation:

FATF launched new guidance?developed jointly with the Egmont Group, INTERPOL, and the UN Office on Drugs and Crime (UNODC)?to strengthen the global response to financial crime.

? Russia-related risks:

Russia remains suspended from FATF membership. The organization reiterated its call for all jurisdictions to remain vigilant to emerging risks linked to the Russian Federation?s activities.

?CASSAGNE Consultores assists its clients in implementing, strengthening, and updating their AML/CFT/CPF programs in line with the highest international standards.

? Book a meeting with our director: https://lnkd.in/dvikcFJX

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