Meeting of the FATF Plenary, Paris 20-22 February 2013

6-2-2013 — /europawire.eu/ — The 36 members of the Financial Action Task Group (FATF) and representatives from the FATF-Style Regional Bodies will meet in Paris, under the presidency of Mr. Bjørn S. Aamo of Norway, for the second Plenary under the Norwegian Presidency.

The FATF sets standards and promotes effective implementation of legal, regulatory and operational measures for combating money laundering, terrorist financing and other related threats to the integrity of the international financial system. The decision-making body of the FATF is the FATF Plenary, which is supported by a number of Working Groups.

Some of the issues on the agenda for the Plenary meeting are:

• Reviewing and adopting the methodology to assess the level of compliance with the 2012 FATF Recommendations in the fourth Round of mutual evaluations which will begin later this year.
• Reviewing and adopting the guidance on AML/CFT measures and financial inclusion which was revised to bring it in line with the 2012 FATF Recommendations.
• Engaging with the FATF-Style Regional Bodies through the Global Network Co-ordination Group to ensure effective global implementation of the revised FATF Recommendations.
• Reviewing the implementation of measures taken by a number countries to address deficiencies identified in the last round of mutual evaluation reports.
• Identifying jurisdictions with strategic deficiencies in their AML/CFT system and reviewing progress made by jurisdictions which were identified at the October 2012 Plenary.
• Reviewing progress made by Turkey to improve its counter-terrorist financing regime.

A summary of the outcomes of the meeting will be published on the FATF website at the close of the meeting.

The Working Group and Plenary meetings of the FATF are closed to members of the public.

For further information, please contact the FATF Secretariat at contact@fatf-gafi.org.