Fintechs Optimistic As FATF Lines Up Terror Financing Guidance

Results from the latest plenary session of the Financial Action Task Force (FATF) have raised hopes that fintechs may soon see more concrete guidance on how to handle terrorist financing.

FATF, an influential standards-setting body, published the outcomes of its meeting last Friday, committing to reconsider the way in which it approaches the issue of counter-terrorist financing (CTF).

It adopted, and vowed to make publicly available, a new Counter-Terrorist Financing Operational Plan, and would also look more closely at emerging payments technologies and the risk posed by certain jurisdictions.

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