FATF consults private sector: FATF has published a press release detailing the outcome of a two-day meeting of the Private Sector Consultative Forum. The main objectives of the forum were to:
- discuss recent developments related to terrorism and terrorist financing risks;
- exchange views on “de-risking”;
- seek input and feedback into ongoing FATF work on the risk-based approach;
- hear about innovations in the financial services sector; and
- discuss other issues of concern or interest to the private sector relating to the implementation of AML and counter-terrorist financing (CFT) measures, in line with the FATF Recommendations.
Over 160 participants representing the financial sector and other businesses and professions subject to AML/CFT requirements, civil society, and representatives of FATF members and observers attended the meeting. FATF welcomed the open exchange of views and received useful input from the private sector on a range of important issues. (Source: Dialogue with the Private Sector: FATF Private Sector Consultative Forum Meeting, Brussels 26-27 March 2015)