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ARTICLE · 02 JULY 2021

FATF Concludes Fourth Plenary On Money Laundering And Terrorist Financing Risks

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The Financial Action Task Force ("FATF") held its fourth Plenary, virtually, on June 21-25. Delegates representing 205 members of the Global Network and observer organizations, including ...

GlobalGovernment, Public Sector
Izabella Babchinetskaya
Izabella Babchinetskaya
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FATF Issues White Paper Addressing Challenges Facing Beneficial Ownership Collection

First Post in a Series on the FATF Plenary Outcomes

  The Financial Action Task Force ("FATF") held its fourth Plenary, virtually, on June 21-25.  Delegates representing 205 members of the Global Network and observer organizations, including the International Monetary Fund, the United Nations, and the World Bank attended.  They discussed numerous topics, including the financial flows linked to environmental crime; financing of ethnically or racially motivated terrorism; risks relating to the financing of proliferation of weapons of mass destruction; virtual assets and virtual asset service providers, or VASPs; technological innovations; and asset recovery outcomes.  Many of these topics will be the subject of forthcoming reports from FATF.  Significantly, the group also discussed transparency surrounding information on the beneficial ownership of entities, which of course is

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