The Financial Action Task Force of Latin America (GAFILAT), through Guatemala’s National Coordination and the GAFILAT Executive Secretariat, has published a conclusions document from a workshop on supervision focused on applying simplified customer due diligence measures for financial and non-financial institutions. The workshop took place in Guatemala City from 10 to 12 June 2025 as part of the 2025 Pro Tempore Presidency Action Plan. The document compiles key findings, recommendations and tools aimed at supporting implementation of the risk-based approach in anti-money laundering and counter-terrorist financing (AML/CFT), including adjustments linked to the recent update of Recommendation 1. It highlights the need to align due diligence measures with the level of identified risk, use proportional and differentiated supervision that balances effectiveness, financial system integrity and financial inclusion, and draw on good practices shared by regional supervisors and the private sector.
Financial Action Task Force of Latin America (GAFILAT) 2025-10-28
Financial Action Task Force of Latin America publishes Guatemala workshop findings on simplified due diligence and risk-based AML/CFT supervision
GAFILAT published conclusions from a Guatemala City workshop on simplified customer due diligence for financial and non-financial institutions. The document emphasizes aligning due diligence with risk levels, using proportional supervision, and incorporating good practices from regional supervisors and the private sector. It supports implementing a risk-based approach in anti-money laundering and counter-terrorist financing, following updates to Recommendation 1.