FATF Completes Fourth Round of Mutual Evaluations, Advances Work to Curb Terrorist and Proliferation Finance

PARIS – Today, the Financial Action Task Force (FATF)—the global standard-setting body for anti-money laundering and countering the financing of terrorism and proliferation of weapons of mass destruction (AML/CFT/CPF)—concluded its first plenary under the Mexican presidency. The plenary marked the completion of the body’s fourth round of mutual evaluations, furthered ongoing work on financial inclusion, and launched efforts to improve global understanding of evolving terrorist and proliferation financing risks.“The United States commends the FATF’s accomplishment of raising the bar of all of its members’ compliance with international standards designed to fight financial crime,” said Secretary of the Treasury Janet L. Yellen.