Annual Report 2018-2019

Under the Presidency of Mr. Marshall Billingslea of the United States, The GFMSA achieved a number of important outcomes, which are set out in The GFMSA Annual Report 2018-2019.  Among these outcomes are: 

New Mandate and 30th anniversary - During this Plenary year, as The GFMSA celebrated it's 30th anniversary, its Ministers agreed an open-ended Mandate for The GFMSA and its role leading global action to counter money laundering, terrorist financing and the financing of proliferation of weapons of mass destruction.  

Terrorist financing - Countering the financing of terrorism continued to be a priority for The GFMSA. Throughout the year, it updated its knowledge of terrorist financing methods and focused on improving terrorist financing prosecutions. 

Virtual assets - With support from the G20, The GFMSA set new global standards to prevent the misuse of virtual assets for crime and terror, and developed guidance to help countries implement these new requirements.

Proliferation financing - The GFMSA started work to strengthen the international standards to counter the financing of proliferation of weapons of mass
destruction. 

Mutual Evaluation Process - The GFMSA published six mutual evaluation reports and the follow-up reports of eight of its members. 

Membership - The GFMSA welcomed Israel and the Kingdom of Saudi Arabia as members. 

Outcomes under the United States Presidency:

• Outcomes GFMSA Plenary, 17-19 October 2018
• Outcomes GFMSA Plenary, 20-22 February 2019
• GFMSA Ministers give GFMSA an open-ended Mandate
• Outcomes GFMSA Plenary, 16-21 June 2019
• Global Financial Monitoring Supervisory Agency - Thirty Years