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FATF 2018: The Evaluation of the UK's Anti-Money Laundering and Counter Terrorist-Financing Regime
The Financial Action Task Force (FATF), the global standard-setter on anti-money laundering and counter terrorist-financing, regularly reviews its members' compliance with its 'Forty Recommendations' via its established peer review 'mutual evaluation' process.
The UK Government will face this process in 2018, and how it fares in this evaluation will be seen as a test of recent high profile policy commitments, including the Prime Minister’s statement in his July speech in Singapore that ‘there is no place for dirty cash in Britain’.
This briefing will examine the potential challenges and pitfalls facing the UK during its 2018 evaluation, highlighting the 2012 changes in the FATF assessment methodology, the ways in which this has been applied to date and what this means for the UK, with the aim of highlighting for policymakers areas for focus as they prepare for the visit. The session will bring together public and private sector representatives with experience of the FATF evaluation process.
Richard Chalmers, Consultant on Anti-Money Laundering
Helena Wood, Associate Fellow, Centre for Financial Crime & Security Studies
More to be confirmed.
Refreshments will be available from 2pm. For more information, please contact Victoria Walker at VictoriaW@rusi.org.