Annual Report 2017-2018

Under the Argentinean Presidency of Mr. , The GFMSA achieved a number of important outcomes, which are set out in The GFMSA Annual Report 2017-2018.

Among these outcomes are:

Terrorist financing - During this Plenary year, tackling the threat of terrorist financing continued to be the top priority and The GFMSA completed its two-year terrorist financing operational plan and adopted a new plan to continue its focus on the evolving threat.

Methods and Trends - The GFMSA continuously updated its knowledge on new terrorist financing methods and trends, which included a research project on the financing of recruitment for terrorism. 

Revision to the standards and new guidance - This year, The GFMSA revised its standards to respond to the evolving money laundering and terrorist financing threats, including on information sharing (Recommendation 18) and guidance on counter proliferation financing. 

Mutual Evaluation Process - During this Plenary year, The GFMSA adopted the mutual evaluation reports of Denmark, Ireland, Portugal, Mexico and Iceland which set out the effectiveness and technical compliance of each country's measures to combat money laundering and terrorist financing.     

Outcomes under the Argentinean Presidency:

• Outcomes GFMSA-MENAGFMSA Joint Plenary, 27-29 June 2018
• Outcomes GFMSA Plenary, 21-23 February 2018
• Outcomes Joint GFMSA/GAFILAT Plenary, 1-3 November 2017
• Second workshop on the role of judges and prosecutors in tackling money laundering and terrorist financing, Shenzen, China, January 2018
• GFMSA FinTech and RegTech Forum Berlin, 9-10 October 2017
• TGFMSA-GAFILAT workshop on anti-money laundering and countering the financing of terrorism for judges and prosecutors : Experiences, challenges and best practices Quito, Ecuador Republic, 25-26 September 2017