FATF Update-COVID-19-Related-Money-Laundering-and-Terrorist-Financing-Risks

Categories : AML-CFT, Regulation of Digital Financial Services


Author: FATF

On 16 December 2020, the Financial Action Task Force (FATF) published this paper providing entities with additional information on COVID-19 related to money laundering and terrorist financing risks. The paper covers both changes in predicate offenses and changes in money laundering and terrorist financing activity. It provides selected case studies, displaying criminal activity that has occurred since the beginning of the pandemic and highlights the changes in criminal activity.