FATF plenary takes aim at terrorist financing and civil forfeiture

With weaknesses in terrorist financing controls exposed by Hamas' deadly attack on Israel, sparking military reprisals in Gaza, the Financial Action Task Force (FATF) has proposed a range of reforms. These had been planned before the latest bloody chapter opened in the Middle East and were announced, on 27 October [2023], as the global anti-money laundering/counter financing of terrorism (AML/CFT) body's October plenary wrapped.

Keith Nuthall

With weaknesses in terrorist financing controls exposed by Hamas' deadly attack on Israel, sparking military reprisals in Gaza, the Financial Action Task Force (FATF) has proposed a range of reforms. [1] These had been planned before the latest bloody chapter opened in the Middle East and were announced, on 27 October [2023], as the global anti-money laundering/counter financing of terrorism (AML/CFT) body's October plenary wrapped.