Regulatory Alerts2020-05-11
COVID-19-related Money Laundering and Terrorist Financing Risks and Policy Responses
The Financial Action Task Force issued this document to identify emerging money laundering and terrorist financing threats arising from the COVID-19 pandemic and to propose policy responses. It highlights increased risks of fraud, cybercrime, and the misdirection of government funds, noting that containment measures are altering criminal behavior and straining AML/CFT implementation. The report recommends strengthening domestic coordination, enhancing private sector communication, and encouraging digital payment options to manage these vulnerabilities while supporting economic recovery efforts.
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