The 36 members of the Financial Action Task Group (FATF) and representatives from the FATF-Style Regional Bodies will meet in Paris for the third and final Plenary meeting under the presidency of Mr. Vladimir Nechaev of the Russian Federation. The Meeting will take place between June 25-27.
The FATF sets standards and promotes effective implementation of legal, regulatory and operational measures for combating money laundering, terrorist financing and other related threats to the integrity of the international financial system. The FATF Plenary is the decision-making body of the FATF, and is supported by a number of working groups.
Since its inception, the FATF has operated under a fixed life-span, requiring a specific decision by its Ministers to continue. The current [mandate](http://www.fatf-gafi.org/topics/fatfgeneral/documents/ministersrenewthemandateofthefinancialactiontaskforceuntil2020.html) of the FATF (2012-2020) was adopted at a Ministerial meeting in April 2012.
Some of the issues on the agenda for the Plenary:
* Review the implementation of measures taken by countries who remain in the ‘follow-up process’ to address deficiencies identified in their anti-money laundering and countering the financing of terrorism (AML/CFT) measures during the last round of mutual evaluation reports.
* Identify jurisdictions with strategic deficiencies in their AML/CFT system and review progress made by jurisdictions that had been identified at the February 2014 Plenary.
* Review and adopt typologies reports on methods and trends in money laundering and terrorist financing, including the report on the risk of terrorist abuse of the non-profit sector.
* Engage with the FATF-Style Regional Bodies through the Global Network Co-ordination Group to ensure effective global implementation of the revised FATF Recommendations.