FATF Annual Report 2021-2022

The FATF Annual Report 2021-2022 sets out the achievements of the FATF under the second year of the German Presidency of Dr. Marcus Pleyer.

Among this year's achievements: 

Beneficial ownership:  a strengthened Standard to prevent criminals from laundering dirty money through shell companies and other legal persons.

Digital transformation: reports that explore how technology can help detect suspicious activities, analyse financial intelligence, and better understand money laundering and terrorist financing risks, especially through information sharing, while respecting high standards of data protection and privacy.

Migrant smuggling: a report and webinar that set out the most common methods used to transfer and launder the proceeds of migrant smuggling.

New and updated guidance: a report that aims to help real estate sector professionals implement risk-based measures to prevent money laundering and terrorist financing and an updated guidance which explains how the FATF Recommendations apply to virtual assets and virtual asset service providers.

Mutual evaluations: mutual evaluation reports for three FATF members. The FATF also published the follow-up reports for ten of its members.  

Strategic priorities for the FATF: adopted by FATF Ministers at its first biennial meeting in April 2022.