The Financial Intelligence and Investigation Bureau (FIIB) attended the plenary and working group meetings of Financial Action Task Force (FATF) in Strasbourg, France between June 10 and 13. FIIB representative discussed the latest FATF anti-money laundering, countering financing of terrorists and countering proliferation financing standards, as well as strategies for combatting emerging risks in financial crime with delegations from over 40 major economies and international bodies. During the plenary meeting, FIIB representative shared case studies related to exploitation of deepfake technology in money laundering (ML) and the counter-strategies.

FIIB, together with Mexico, co-led the project of an unprecedentedly large scale titled “Revision of Money Laundering (ML) National Risk Assessment Guidance” in 2023. The guidance revised last year received acclaim from delegations and international bodies, indicating that the new guidance provided a brand new and practical tool which helped them to conduct ML risk assessments. As the project co-leader, FIIB was invited to speak at a topical interview with FATF, sharing insights and encouraging the adoption of the guidance across the global network.

Superintendent of FIIB Sin Chor-ka shares his insights at the FATF’s topical interview.