Effective direction - interview with Elisa de Anda Madrazo, FATF President [Video]

The Financial Action Task Force is set on a course of 'radical tuning' across the next two years, with a drive to ensure the risk-based approach - Recommendation 1 - properly informs application of its global standards against illicit finance, and, among other priorities, to expand financial inclusion, improving access to the formal financial system while reducing reliance on cash; also to better respond to non-compliance by some, often the smaller, low-capacity jurisdictions.Elisa de Anda Madrazo, of Mexico, who took on leadership of FATF for the next two years in July, generously made time to explore the programme with Keith Nuthall, ahead of the October 2024 plenary.

The Financial Action Task Force is set on a course of 'radical tuning' across the next two years, with a drive to ensure the risk-based approach - Recommendation 1 - properly informs application of its global standards against illicit finance, and, among other priorities, to expand financial inclusion, improving access to the formal financial system while reducing reliance on cash; also to better respond to non-compliance by some, often the smaller, low-capacity jurisdictions.