Public Consultation
Public Consultation on the FINCARR Recommendations: R1, INR1, INR10, INR15
Publication Date: October 24, 2024
Consultation End Date: December 15, 2024
The FINCARR conducts a public consultation to gather feedback on proposed changes to the FINCARR Recommendations. These updates aim to address evolving risks and challenges in the fight against money laundering and terrorist financing.
FINCARR Recommendation Updates
| Recommendation | Title | Details |
|---|---|---|
| R1 | Assessing and Mitigating Risks | FINCARR has proposed changes to strengthen the assessment and mitigation of risks associated with money laundering and terrorist financing. |
| INR1 | International Cooperation | Enhancements to international cooperation to strengthen cross-border responses to illicit activities. |
| INR10 | Regulation of Financial Institutions | A review of the regulatory framework to address emerging risks in the financial system and improve transparency. |
| INR15 | Emerging Threats | New proposals for addressing emerging threats, including digital currencies and their potential use for illicit purposes. |