On 6 July, the Financial Action Task Force (FATF) released a draft guidance, Public Consultation on the Draft Approach Guidance for the Securities Sector, for public consultation by private sector stakeholders.

The FATF states that it is currently developing the guidance to assist countries, competent authorities and the securities sector in the application of a risk-based approach to anti-money laundering/counter-financing of terrorism. According to the FATF, the guidance is intended to provide support both to the private sector and to supervisors, by focusing on money-laundering/terrorism-financing risks and associated mitigation measures. The draft guidance contains a section on specific guidance for securities providers and intermediaries and suspicious activity indicators in relation to the securities sector.

Submissions are due by 17 August.