The Financial Action Task Force (FATF) announced today plans for its first Plenary since adopting the Plan of Action to combat terrorist financing. To be held in Hong Kong 30 January through to 1 February, the Plenary will analyse the self-assessment of all FATF members against the 8 Special Recommendations designed to deny terrorists and their supporters access to the international financial system. Also to be discussed will be guidance for financial institutions on the mechanisms and techniques used to finance terrorism.
The upcoming FATF Plenary will address and update the list of Non-Cooperative Countries and Territories which have critical deficiencies in their anti-money laundering systems or are unwilling to co-operate in anti-money laundering efforts. The annual Typologies report, the survey of money laundering trends and techniques, is expected to be available at the end of the meeting.
FATF President, Mrs. Clarie Lo, and the Chief Secretary for Administration, Hong Kong Special Administrative Region, Mr. Donald Tsang, will present opening addresses to the Plenary.
Mrs. Lo, Mr. Bill Bishop, Chairman of the Typologies meeting, New Zealand Police National Crime Manager, and FATF Executive Secretary Patrick Moulette will hold a closing news conference at 5.30 p.m. (10.30 a.m. Paris time) on Friday 1 February. (Note: A live webcast of the news conference will be carried on http://www.info.gov.hk/eindex.htm)