FATF to work on global threat assessment

In the end of the year 2007, the Financial Action Task Force (FATF)Â has published its e-news that covered several topics. Among all, the FATF announced that in 2008 it plans to start working on a regular global threat assessment of money laundering and terrorist financing.

The new threat assessment planned by the FATF will be developed as a result of a process of enhanced surveillance of international money laundering and terrorist financing risks. The assessment should help not only governments but also the private sector to start acting in order to manage key international threats.

The FATF noted that the initiative builds on its existing typologies work as well as complements it. The organization also said it will support countries in establishing national threat assessments by means of developing and sharing national threat assessment strategies.

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