Outputs from the last FATF plenary meeting to take place under Singapore’s presidency included:
- adding Monaco and Venezuela to its list of jurisdictions subject to increased monitoring and removing Jamaica and Turkiye from it;
- calling for even greater vigilance and renewed enforcement of countermeasures against DPRK in the light of evidence of the country having increased connectivity with the financial system;
- reporting a good level of technical compliance with its standards for India, but concerns over the effectiveness of Kuwait’s ability to deliver effective outcomes;
- a discussion of ongoing work to revise the standards on Payment Transparency; and
- an update on progress in implementing the FATF standards on virtual assets.
Presidency now passes to Mexico.