The Financial Action Task Force has published new Guidance on private sector information sharing in the context of anti-money laundering and counterterrorist financing. The Guidance is intended to improve information sharing, which is a key part of the FATF Recommendations and Immediate Outcomes, by assisting national regulators and financial institutions to implement the FATF Recommendations. This non-binding Guidance discusses the obstacles to information sharing at a group-wide level and between different financial institutions. Those include different legal frameworks for data protection and privacy, financial secrecy laws, operational issues, such as IT capability and lack of policies and procedures, and, for national regulators, implementing consolidated supervision. The Guidance also includes examples of how some countries have addressed these challenges.

View the FATF Guidance.