Recording: The FATF Standards and Unintended Consequences: Part 1: Assessing the Past
Part one of our series ‘FATF: Past, Present and Future in the Unintended Consequences Debate,’ How far has the standard setter come and where is it heading?
Overview
As the Financial Action Task Force (FATF) considers ways to mitigate the unintended consequences of its financial crime standards, this three-part webinar series will assess the FATF’s work on this issue to-date, identify current challenges and a look ahead to future ways in which its standards might be manipulated.
Background
In early 2021, the FATF announced it would be launching a new research initiative "to study and mitigate the unintended consequences resulting from the incorrect implementation of FATF Standards.” It identified four main affected areas: (1) de-risking; (2) financial exclusion; (3) suppression of NPOs or the NPO sector as a whole; and (4) threats to fundamental human rights.
The first webinar in this series considers FATF’s past efforts related to not-for-profit organisations, money service businesses and correspondent banking.
About the speakers
Pannellists include:
- Lia van Broekhoven, Executive Director, Human Security Collective
- Veronica Studsgaard, Founder & CEO, IAMTN
- Victoria Ibezim-Ohaeri, Executive Director, Spaces for Change
- Wendy Delmar, CEO, Caribbean Association of Banks
The discussion is chaired by CFCS Director Tom Keatinge.