FATF announces new mutual evaluation framework to strengthen global illicit finance defences
The Financial Action Task Force (FATF) has convened its annual high-level meeting with the nine FATF-Style Regional Bodies (FSRBs) in Strasbourg, announcing the implementation of new mutual evaluations. The Global Network, comprising the FATF and nine FSRBs, representing over 200 jurisdictions, remains committed to combating illicit finance through a unified set of standards and mutual evaluations. The meeting focused on implementing Global Network priorities, particularly preparing members for the upcoming mutual evaluations, which will prioritise effectiveness in tackling money laundering, terrorist financing and proliferation risks. All FSRBs aim to complete their first evaluations by late 2026 or early 2027. Additionally, significant emphasis was placed on fostering peer learning, experience sharing and strengthened cohesion within the Global Network, a key priority under the Mexican Presidency.