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FATF February 2025 plenary meeting

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Summary

During its February 2025 plenary session, the FATF adopted key decisions on strengthening AML standards, combating online financial crime, and monitoring high-risk jurisdictions.

25/02/2025

The Financial Action Task Force (FATF) has made significant decisions during its February 2025 Plenary meeting regarding the fight against money laundering, terrorist financing, and financial crime. 

  • Strengthening AML standards 
    One of the key outcomes of the plenary meeting was the approval of amendments to FATF standards aimed at further reinforcing the risk-based approach. The amendments followed an additional public consultation and seek to ensure that regulations are not only strict against misuse but also accessible for legitimate financial transactions. 
  • New measures against online financial crimes 
    The FATF has completed a new report on tackling financial flows linked to online child sexual exploitation. The report, which will be published next month, provides guidelines on tracking illicit money flows and disrupting criminal activities. 
  • Review of jurisdictions under increased monitoring 
    During the meeting, the FATF updated its list of countries under increased monitoring. The Philippines has been officially removed from the grey list, while Laos and Nepal have been added. These changes reflect the progress and implementation of FATF recommendations in these jurisdictions. 
  • Suspension of Russia’s membership remains in place 
    The FATF has reaffirmed that Russia’s suspension from membership will remain in effect. The initial decision, taken in 2022 in response to geopolitical tensions, stands firm as the FATF continues to monitor the situation. 

With these decisions, the FATF remains committed to combating global money laundering and terrorist financing. Read the full summary of the plenary meeting on the FATF website

 

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