The FATF is holding a consultation on possible changes to its standards and recommendations to align them with measures to ensure “financial inclusion”.
The consultation focuses on Recommendation 1 “Assessing risks and applying a risk-based approach”, Recommendation 10 “Customer due diligence” and Recommendation 15 “Emerging technologies”.
The FATF may require supervisors to review and take into account the risk mitigation measures taken by financial institutions and certain non-financial businesses and professions.
The consultation is open until 6 December.