The Financial Action Task Force (FATF) held COVID-19 webinars on 30 and 31 of July 2020.

The Financial Action Task Force (FATF) held webinars on 30 and 31 of July 2020: "COVID-19 the Changing Money Laundering and Terrorist Financing Risk Landscape" and "The Impact of COVID-19 on the Detection of Money Laundering and Terrorist Financing".

Representatives from Australia, Mexico, Interpol and Europol discussed information and different views on the key risks of money laundering (ML) and terrorist financing (TF).

The discussion highlighted the impact of the COVID-19 pandemic on the changing criminal economy, key threats and vulnerabilities observed at the national, regional and international levels, medium- and long-term risks resulting from the COVID-19 crisis, examples of best practices and strategies that the public and private sectors can implement to manage the changing risk environment.

Representatives of national financial intelligence units, regulators and the private sector shared their views on how COVID-19 has impacted daily financial activities, how national authorities and the private sector are adapting their capabilities to detect ML/TF in a changing environment, how national authorities and the private sector are addressing business continuity issues, and some of the medium- and long-term challenges facing the AML/CFT community.

The recordings of the webinars are available on the FATF website and on YouTube:

https://www.youtube.com/watch?v=mwh3r7-KrrM&feature=emb_logo

https://www.youtube.com/watch?v=FJO5EozUmNU&feature=emb_logo

EAG Secretariat