FATF

The Financial Action Task Force (FATF) published the outcomes of its 25-27 February meeting. FATF is also working to improve the United Nation's consolidated sanctions list.

Egmont Group

The Egmont Group published a paper which sets out 100 sanitised cases to highlight the anti-money laundering work carried out by its member financial intelligence units. The cases have been divided into six categories:

  • Concealment within business structures.
  • Misuse of legitimate businesses.
  • Use of false identities, documents or straw men.
  • Exploiting international jurisdictional issues.
  • Use of anonymous asset types.
  • Effective use of intelligence exchanges.

Funds may find the paper of interest in the context of anti-money laundering and counter terrorist financing responsibilities.