The 22nd FATF plenary session and working group meetings were convened in Paris on 18-22 October, 2010. The meetings were attended by more than 400 representatives from 36 FATF members, 8 regional anti-money laundering organizations, the IMF, the World Bank and other international institutions. The Chinese delegation, with officials from the People s Bank of China and the Ministry of Foreign Affairs, also participated in the meeting.
The FATF adopted the mutual evaluation report of Argentina. As the evaluation identified deficiencies in anti-money laundering system of Argentina, the FATF decided to express its concerns regardingArgentina and send a senior delegation to Argentina.Argentina is to implement a mutual evaluation follow-up report process that is to be monitored by an international cooperation monitor working group. The FATF discussed and approved the Follow-Up reports of the Kingdom of Denmark, Spain and Sweden. These countries have made significant progress and therefore will end the regular follow-up report process, entering the update process to be renewed in every two years.
The FATF approved two typologies reports regarding New Payment Methods (NPMs) and Trust & Company Service Providers (TCSPs), and implemented comprehensive analysis on the risk of anti-money laundering. The report will be released on FATF website.
In response to G20, the FATF discussed and published a reference guide and information note on the use of the FATF to support the fight against corruption. The FATF believed that effective measures of anti-money laundering and combating the financing of terrorism (AML/CFT) make corruption difficult to thrive and undetected.
The FATF prepared the FATF s 4th round of evaluations, reviewed the progress and made adjustments, which will be subject to private sector consultation.
The FATF adopted the best practices of Voluntary Tax Compliance and discussed the issues regarding counter-terrorist financing, national strategy risk monitoring and anti-money laundering in free trade zone.
