On June 24, 2020, the Financial Action Task Force (“FATF”) held its plenary meeting virtually. It was the final plenary of China’s presidency of FATF; Germany will now begin its two-year term. As part of the plenary outcomes, FATF released several documents, including a new report on the illicit financial networks that support illegal wildlife trafficking (“IWT”), described in detail below. The outcome statement and accompanying reports include:
- China’s End of Presidency Statement
- Announcement of a Public Consultation Period on Amending Recommendation 1
- Priorities of the German Presidency of FATF
Finding this content useful?
DOLFIN is the premier portal for financial crimes and sanctions compliance. You can learn more here, or if you want to see it in action, schedule a demo or request a free trial.
Apply now for access to our extensive set of resources and keep you and your company informed on the latest regulations and sanctions and build your financial integrity.