Key Highlights from the Second FATF Plenary under Elisa de Anda Madrazo's Presidency
| Category | Details |
|---|---|
| Event | Second FATF Plenary under Presidency of Elisa de Anda Madrazo (Mexico) |
| Participants | Delegates from over 200 jurisdictions and international organizations |
| Focus Areas | Money laundering, terrorism financing, proliferation financing, financial inclusion, payment transparency, online child sexual exploitation |
| FATF Standards Update | Enhanced risk-based approach, simplified measures for financial institutions, public consultation launched |
| Online Child Exploitation | Approved report to track financial transactions linked to child exploitation (launch on March 13, 2025, in London) |
| Grey List Changes | Added: Lao PDR and Nepal; Removed: Philippines (due to AML/CFT progress) |
| Membership Updates | Kenya joined as a guest jurisdiction; Russia remains suspended |
| Public Consultations | Launched on financial inclusion (Recommendation 1), payment transparency (Recommendation 16), and proliferation financing risks |
| Leadership Changes | Giles Thomson (UK) appointed FATF Vice-President (2025-2027) |
| Women in FATF Initiative | Event to support women's careers; 2nd Mentoring Programme launching March 2025 |
| Private Sector Collaboration | Horizontal Review on compliance by lawyers, accountants, and real estate agents; Private Sector Collaborative Forum scheduled for March 25-27, 2025, in Mumbai |