Richard Chalmers

Until early-2014, Richard Chalmers was an International Adviser at the UK’s Financial Conduct Authority (FCA), and had been part of the UK delegation to the Financial Action Task Force (FATF) for 15 years. For the period 2005-14, Richard co-chaired the FATF working group that undertook the 2012 revision of the international standards on anti-money laundering and the combating of terrorist financing (AML/CFT), and subsequently developed the 2013 assessment methodology. Between 2009 and 2014, Richard was also chair of the FATF’s Africa/Middle East Regional Review Group (now known as one of the Joint Groups), which engaged with countries that have strategic deficiencies in their AML/CFT regimes. In addition, he represented the UK at the FATF-style Regional Body meetings covering the Caribbean, Asia/Pacific, and Middle East/North Africa.

For several years, Richard was closely involved in the assessment of countries’ compliance with the international AML/CFT standards, having worked on reports, among others, of India, the United States, China, Malaysia, the United Arab Emirates, Hong Kong, Germany, Italy and Mexico. 

Richard resigned from the FCA in March 2014, and now works, part-time, as a freelance consultant on AML/CFT issues. In this capacity, he has assisted several countries with the drafting of national risk assessments, preparation for mutual evaluations and implementation of post-evaluation action plans.