Sectors

Prioritizing major financial crimes for global attention. Establishes a ranking of key financial crimes based on harm, financial impact, and global relevance. The model is intended for use by governments and international organizations to align threat responses.

Designing an aspirational country risk model. Explores what a next-generation AML country risk model could look like, based on ideal data sets. Step one involves concept design; step two would address data availability and collection.

Historical analysis of FATF’s evolution and impact. A reflective study to derive lessons from the FATF’s formation and development. Will make recommendations on how to adapt its mission for modern threats and integrate SDG goals.

Tool for tracking G20 countries’ anti-corruption promises. Will design an index/tool to measure and compare G20 efforts against corruption using both commitment tracking and performance indicators. Includes options for independent implementation.

A multi-stakeholder initiative dedicated to addressing the financial dimensions of atrocity crimes, including those committed by mercenaries and private military and security companies (PMSCs).

Exploring alternative approaches to FATF's current AML/CTF strategy

Regional WG tackling IFFs, TBML, and TF in Africa. Focuses on quantifying IFFs linked to crime, understanding TBML in African contexts, and identifying terrorist financing typologies involving trade, resources, and trafficking.

Guidance on balancing reputational and financial crime risks. Will produce a paper on how banks can manage non-financial risks, especially reputational and AML-related, without excluding legitimate clients. Delivery expected September 2025.

Creating a common risk assessment framework for charities. Aims to reduce unjustified derisking of charities by developing a Bank Charter for consistent ML/TF risk evaluation, improving transparency and access to financial services.

Enhancing cross-border BO data usability. Led by Open Ownership, this group develops a framework for interoperable BO data to improve anti-corruption impact, including identifying technological and policy innovations and testing environments.

Enhancing supervisory impact in AML evaluations. Focused on translating technical compliance into effectiveness. Will provide key enablers, takeaways, and best practices around fines, risk appetite, positive reinforcement, and SupTech to improve FATF supervisory assessments.

FAQs on how FIs can leverage and manage multiple types of customer data. This WG will define and explain First to Zero Party data and how FIs can ethically and effectively use digital identity and behavioral data to combat financial crime while respecting privacy.

DATF explores crypto-related threats, including mercenary financing, atrocity crimes, sanctions evasion, and compliance best practices. Activities include a WEF engagement, Interpol meeting (March 2025), R16 enhancements, and ongoing monthly intelligence meetings.

GCFFC position paper on the new UN Cybercrime Treaty.

Focused on understanding and tackling TBML, especially linked to Chinese professional laundering.

Annual KPI/KRI dashboard for tracking national AML performance. Will create a practical dashboard template with key performance and risk indicators, enabling countries to self-assess and benchmark progress on AML annually and comparably.

A working group within the APAC regional chapter, the Fraud and Scams group is led by Andrew Chow and Sathish Kumar Ranganathan