New FATF President Presents Objectives For Two-Year Term
Source: Regulation Asia Editors, Regulation Asia
- to monitor risks and explore opportunities for using digital transformation to strengthen AML/CFT efforts
- to study the use technology to make the implementation of AML/CFT measures by private sector and supervisors more efficient
- to study of opportunities and challenges for operational agencies and make systems to detect and investigate ML/TF and understanding its risks more efficient
- to take stock of data pooling and analysis to help the private sector make better use of artificial intelligence and big data analytics for AML/CFT
- to improve understanding of financial flows and cross-border linkages between racially-motivated terror groups and individuals, as well as their means, donor structures and typical modi operandi
- to study on financial flows and ML/TF linked to migrant smuggling networks and their transnational routes
- to expand on the work conducted under the Chinese Presidency to prevent illegal wildlife trade by focusing on the wider issue of environmental crime and its connections with ML/TF
- to raise awareness of environmental crime related ML/TF risks and inform possible policy work
- to strengthen FATF’s understanding of the links between arms trafficking and TF in order to build awareness and enhance operational responses
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