New FATF publications released on fighting financial crime
The Financial Action Task Force (FATF) is an intergovernmental body that sets the international anti-money laundering and counter-terrorism financing standards aimed at combatting financial crime.
Recently, FATF released several publications to help you understand and identify risk indicators and suspicious activities for a range of serious financial crime types.
These publications include:
- Countering Ransomware Financing – Findings show that payments and subsequent laundering of ransomware proceeds are almost exclusively conducted using cryptocurrency, or virtual assets. The report provides key findings, potential risk indicators and good-practice actions for effectively disrupting ransomware-related money laundering.
- Money Laundering from Fentanyl and Synthetic Opioids – The report findings show that supply chains of synthetic opioids are diverse, and so are the methods used to launder the proceeds of trafficking these illicit commodities. This report provides key findings and risk indicators for identifying financial activities related to synthetic drug trafficking.
- Money Laundering and Terrorist Financing in the Art and Antiquities Market – This report highlights the importance of rapidly identifying and tracing cultural objects involved in money laundering and terrorist financing and encourages public-private information sharing to help overcome investigative challenges. It provides risk indicators and good-practices to assist you with identifying suspicious activities with links to cultural objects.
For more information, visit the FATF website.