FATF plenary results

At the FATF plenary sessions from 22-24 October, it:

• removed Burkina Faso, Mozambique, Nigeria and South Africa from the list of jurisdictions subject to increased monitoring;
• adopted the first two assessments in the new round – of Belgium and Malaysia;
• approved guidance on asset recovery; and
• approved a new horizon scan to warn of risks.

HM Treasury updated its money laundering advisory notice on 27 October, reflecting the small changes to the list.