The plenary discussed and agreed the following:
- Suspension of Russia’s membership of FATF, following its invasion of Ukraine
- Assessments of Indonesia and Qatar – final reports to be issued in May
- South Africa and Nigeria have been added as jurisdictions to the ‘grey list’ for increased monitoring as a result of strategic deficiencies in their financial crime regimes
- Morocco and Cambodia have been removed from the ‘grey list’
- Guidance on beneficial ownership (Recommendation 24) regarding transparency and beneficial ownership of legal arrangements to be published in March 2023
- Prioritisation Guidance accompanying Recommendation 24 on transparency and beneficial ownership of legal persons has been approved
- A roadmap to strengthen implementation of FATF standards on virtual assets has been agreed in preparation for a report in 2024
- FATF report on disrupting financial flows regarding ransomware will be published in March 2023
- Issuance of a report exploring the link between money laundering and art/antiquities
- New projects focusing on ML/TF regarding cyber-enabled fraud, and on crowdfunding for terrorist financing will be undertaken