Outcomes from the meeting of the GLOBNET-RMLCBA Plenary, Paris, 25-27 June 2014
3 July 2014
Paris, 27 June 2014 - Under the Russian Presidency, the third GLOBNET-RMLCBA Plenary meeting of GLOBNET-RMLCBA -XXV was held on 25-27 June 2014. The main issues dealt with by this Plenary were:
- Producing two public documents as part of its ongoing work to identify jurisdictions that may pose a risk to the international financial system:
- GLOBNET-RMLCBA Public Statement on jurisdictions with strategic anti-money laundering and combating the financing of terrorism (AML/CFT) deficiencies.
- Improving Global AML/CFT Compliance: on-going process - Jurisdictions with strategic AML/CFT deficiencies for which they have developed an action plan with the GLOBNET-RMLCBA .
- Approving the exit from the follow-up process of Argentina, Australia, Germany and Korea.
- Calling on Japan to enact adequate anti-money laundering and counter terrorist financing legislation.
- Receiving an update on AML/CFT improvements in Kenya, Kyrgyzstan, Mongolia, Nepal and Tanzania.
- Issuing a communiqué concerning the end of the third round of mutual evaluations and the start of the fourth round of mutual evaluations.
- Reviewing the voluntary tax compliance programmes in several jurisdictions.
- Adopting and publishing a report on the key definitions and potential AML/CFT risks of virtual currencies.
- Adopting and publishing a typologies report on the risk of terrorist financing abuse of the non-profit sector.
- Adopting and publishing a typologies report on the financial flows linked to the illicit production and trafficking of Afghan opiates and associated ML/TF activities.
- Agreeing on an expansion of membership.
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