Delegates discuss key issues in the fight against terrorist financing at the Financial Action Task Force plenary in Paris in February 2023.
From 20-24 February 2023, the Counter-Terrorism Committee Executive Directorate (CTED) took part in the Financial Action Task Force (FATF) Working Groups’ and plenary meetings held at FATF headquarters in Paris, contributing to the discussions on relevant FATF thematic projects, following country-specific processes and assessments, and gathering information on recent trends in terrorism financing and States’ responses. In addition, CTED took this opportunity to brief the FATF delegations on its work on the implementation of the Delhi Declaration on Countering the Use of New and Emerging Technologies for Terrorist Purposes and on its recently published thematic gaps assessment reports prepared in accordance with paragraph 35 of Security Council resolution 2462 (2019).
FATF members approved a report on disrupting the financial flows relating to ransomware, and were updated on other ongoing work, including a project on the misuse of citizenship and residency by investment schemes, as well as work to strengthen asset recovery and potential revisions of Recommendations 4 and 38 relating to confiscation and provisional measures and on mutual legal assistance: freezing and confiscation, respectively. The Plenary also agreed on publication of the report on money laundering and terrorist financing in the art and antiquities market. The Plenary also agreed to undertake new projects on money laundering and terrorist financing related to cyber-enabled fraud and on the use of crowdfunding for terrorist financing. The FATF discussed and adopted the mutual evaluation report of Indonesia, an observer to the FATF since June 2018, and Gulf Cooperation Council Member Qatar. For more details on the outcomes of February 2023 plenary, please visit: .
CTED leads the delegation of New York-based United Nations entities to FATF. Its regular participation in FATF meetings provides a vital channel for the exchange of information with respect both to the implementation progress of individual Member States and to global CFT-related trends, good practices, and challenges, in accordance with Security Council resolutions 2462 (2019) and 2617 (2021).