Public Consultation on FATF’s Guidance on AML/CFT Measures and Financial Inclusion

This paper is a supplement to the official CGAP Blog Series "FATF Standards Revisions and Financial Inclusion Impact” (2024 - 2025).

The Financial Action Task Force (FATF), the body responsible for setting global anti-money laundering and counter-terrorism and proliferation financing (AML/CFT/CPF) standards, has launched a consultation process pivotal for financial inclusion efforts. The proposed revisions provide a chance to explicitly define indicators and examples of lower money laundering and financing of terrorism and proliferation, helping regulators and supervisors to modify the overly cautious or disproportionate AML/CFT measures that lead to undue financial exclusion.

This briefing note proposes preliminary responses to key consultation questions and calls on the financial inclusion community to participate in the consultation process.

Disclaimer

This work was commissioned by CGAP and funded in whole or in part by CGAP as part of its Equipping Regulators to Harness Innovation for Inclusive Finance project. Unlike CGAP’s official publications, the viewpoints and conclusions expressed are those of the authors and they may or may not reflect the views of CGAP staff.