The FATF and the G20 Anti-Corruption Working Group jointly convened an Experts Meeting on Corruption on Saturday, 12 October 2013. The meeting, chaired by FATF President Vladimir Nechaev, brought together anti-money laundering and counter-terrorist financing experts and anti-corruption experts from 27 jurisdictions and 15 organisations for the purpose of discussing issues of mutual interest.

As part of the G8 Presidency economic initiative, Her Majesty’s Treasury, the US Department of Treasury and the Eastern and Southern Africa Anti-Money Laundering Group (ESAAMLG), organised the first Sub-Saharan African AML/CFT Public-Private Sector Dialogue. In his remarks at the meeting, FATF President Vladimir Nechaev welcomed this initiative, which reflects the need to enhance engagement with the private sector to achieve cost-effective and efficient AML/CFT regimes. This meeting, which brought together public and private sector officials responsible for AML/CFT and business development in Sub-Saharan Africa, was aimed at facilitating the development and implementation of robust AML/CFT regimes, based on the revised FATF Recommendations, and to overcome the specific challenges met at regional level.

FATF President Vladimir Nechaev encourages eastern and southern African countries to enhance their efforts to address their anti-money laundering and countering the financing of terrorism (AML/CFT) deficiencies. In his comments to the Council of Ministers of the Eastern and Southern Africa Anti-Money Laundering Group (ESAAMLG), he invited countries in the region to conduct risk assessment at national level, as a central element for the efficient implementation of the revised FATF AML/CFT requirements.

G20 Finance Ministers and Central Bank Governors met in Moscow on 19-20 July 2013. In their final communiqué, they reiterated their commitment to FATF’s work, in particular the identification of high-risk jurisdictions with strategic anti-money laundering / countering the financing of terrorism deficiencies.

FATF President Vladimir Nechaev highlighted the importance of a strong global AML/CFT network, particularly since money laundering, terrorist financing, and the financing of proliferation are transnational activities. In his keynote address at the annual meeting of the Asia/Pacific Group on Money Laundering (APG) he also recognised the very important role the APG plays in the Global AML/CFT Network and congratulated the APG on its excellent work undertaken for over 15 years to foster implementation of the FATF standards in the Asia/Pacific region.

This follow-up report provides an overview of the main changes made to the AML/CFT system in Ireland since the adoption of its mutual evaluation report in June 2006. In June 2013, the FATF recognised that Ireland had made significant progress in addressing deficiencies identified in its mutual evaluation report and decided that the country should be removed from the regular follow-up process.

FATF President Vladimir Nechaev adressed the 21st Plenary meeting of the Egmont Group on Financial Intelligence Units. Financial Intelligence Units are at the heart of each country’s anti-money laundering and countering the financing of terrorism system. In his speech, Mr. Nechaev underscored the importance of the partnership between the FATF and the Egmont Group.

Mr. Vladimir Nechaev, President of the FATF (July 2013 - June 2014) presents his objectives for the coming year.