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On April 17, 2026, ministers from across the globe convened at the biennial Financial Action Task Force (FATF) Ministerial Meeting in Washington, D.C., held in the margins of the International Monetary Fund-World Bank Spring Meetings. The FATF Ministers reiterated their commitment to tackling illicit finance through multilateral coordinated action, with particular focus on the growing threat of fraud and strengthening effective risk-based implementation of FATF Standards. Ministers underscored the harms caused by illicit finance, which undermines national and global security, corrodes institutions, and impedes economic growth and sustainable development. They emphasised that countering money laundering, terrorist financing, and the proliferation financing of weapons of mass destruction (AML/CFT/CPF) remains an urgent global priority. Recognising the expanding fraud epidemic in size, scale and reach, Ministers committed to deploying the full AML/CFT/CPF toolkit to disrupt and combat fraud, including organised scam centres, the misuse of legal persons, virtual assets, and emerging technologies such as artificial intelligence. Ministers committed to supporting full and effective implementation of the risk-based approach as the cornerstone of FATF Standards to ensure strategic prioritisation of resources across public and private sectors. The Declaration welcomes the FATF's revised Standards on payment transparency, which aim to increase the safety and security of cross-border payments, and supports continued work on emerging technologies for digital payments and associated risks. Ministers also expressed support for responsible innovation in finance, recognising that technology can enhance supervisory and compliance effectiveness. The FATF will hold its next Ministerial Meeting in 2028. The full Ministerial Declaration is available on the FATF website. REFERENCES: Financial Action Task Force. (2026). Ministerial Declaration of the Financial Action Task Force – April 2026. Retrieved from https://www.fatf-gafi.org/

On April 17, 2026, the Financial Action Task Force (FATF) published the Ministerial Declaration, in which FATF ministers reaffirmed their commitment to combating illicit finance through coordinated, multilateral action. Particular focus was given to the growing threat of fraud and to strengthening the effective, risk-based implementation of FATF standards. The ministers emphasised the harm caused by illicit finance, which undermines national and global security, corrodes institutions and impedes economic growth and sustainable development. They emphasised that countering money laundering, terrorist financing and the financing of the proliferation of weapons of mass destruction (AML/CFT/CPF) remains an urgent global priority. In light of the growing size, scale and reach of the fraud epidemic, the ministers pledged to deploy the full AML/CFT/CPF toolkit to disrupt and combat fraud, including organised scam centres, the misuse of legal entities, virtual assets and emerging technologies such as artificial intelligence. The ministers also committed to supporting the full and effective implementation of the risk-based approach as the cornerstone of the FATF standards, ensuring the strategic prioritisation of resources across the public and private sectors. The declaration welcomes FATF's revised standards on payment transparency, which aim to increase the safety and security of cross-border payments. It also supports continued work on emerging technologies for digital payments and associated risks. Ministers also expressed support for responsible innovation in finance, recognising that technology can enhance the effectiveness of supervision and compliance. The next FATF Ministerial Meeting will be held in 2028.

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Financial Action Task Force Ministers Agree Priorities on Illicit Finance and Fraud in April 2026 Declaration

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Financial Action Task Force Ministers Agree Priorities on Illicit Finance and Fraud in Ministerial Declaration