Weak announcement FATF on FinCEN leaks

FATF on 23 September published a weak statement on the FinCEN leaks:

FATF statement following unauthorised disclosure of confidential FinCEN documents

Paris, 23 September 2020 – The FATF is aware of press reports about the disclosure of suspicious activity reports (SARs) documents filed by financial institutions with the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN). We will not comment on information from SARs or suspicious transaction reports (STRs), which is confidential information under the FATF standards.

Irrespective of this, the FATF emphasises the importance for all countries to fully and effectively implement the FATF standards and for the private sector to fulfil its responsibility to detect and help prevent money laundering and terrorist financing, which includes filing suspicious transactions reports with competent authorities.

In supporting the fight against money laundering, terrorism financing and proliferation financing, the FATF has not only developed robust standards that over 200 countries and jurisdictions have agreed to comply with, but initiated multiple projects in recent years to improve the efficiency of anti-money laundering prevention systems. The FATF’s work helps ensure a co-ordinated global response to prevent organised crime, corruption and terrorism in which both the public and private sectors have important roles to play.


It shows that rule of law will not play any role anymore in the fight against crime. Our bleak future is that trial is done by the media.

My previous article: Hacking the government and the end of Rule of Law | FinCEN leaks | AML, CFT.
All articles on this blog on the FinCEN leaks.


Addition 14 Juni 2021
Read also the joint statement by MONEYVAL and the Council of Europe conference of 23 September 2021. It shows that illegal activities are covered by international institutions if they think these activities contribute to their AML agenda.

Over Ellen Timmer

Weblog: https://ellentimmer.com/ ||| Microblog: https://mastodon.nl/@ellent ||| Motto: goede bedoelingen rechtvaardigen geen slechte regels
Dit bericht werd geplaatst in English - posts in English on this blog, Financieel recht, onder meer Wft, Wtt, Fraude, witwasbestrijding, Wwft, Grondrechten en getagged met , , , , . Maak dit favoriet permalink.

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