FATF invites comments on proposed revisions to FATF Recommendations – consultation period ends on 6 December 2024

The Financial Action Task Force on Money Laundering (FATF) has prepared revisions to its Recommendations in order to better align them with measures to promote financial inclusion.

The revisions focus on FATF Recommendation 1 (Assessing risks and applying a risk-based approach) and its Interpretive Note. These revisions aim to better promote financial inclusion through increased focus on proportionality in the application of the risk-based approach. Another aim is to encourage a more extensive adoption of simplified measures.

The proposed changes to the FATF Recommendations and instructions on submitting responses are available on the FATF website. The consultation period ends on 6 December 2024.

For further information, please contact

Jonna Ekström, Chief Legal Advisor, jonna.ekstrom(at)fiva.fi