The Financial Action Task Force (FATF) has opened a public consultation on proposed updates to its guidance on anti-money laundering and counter-terrorist financing (AML/CFT) measures and financial inclusion, as part of its work on unintended consequences of AML/CFT controls. The draft aims to align the guidance with recently adopted changes to the FATF Standards, including a stronger focus on proportionality and the use of simplified measures within the risk-based approach. The proposed update refreshes the concept and current state of financial inclusion and its relationship to financial integrity, and adds further guidance and updated examples of how to implement the AML/CFT risk-based approach, particularly in lower-risk scenarios where simplified measures may be appropriate. FATF is seeking views on the completeness of its discussion of financial inclusion and exclusion risk, the adequacy of guidance for identifying lower-risk areas and conducting balanced risk assessments, the clarity of explanations of the recent Standards revisions, whether more guidance is needed to tailor measures to inclusion needs outside lower-risk cases, the delineation of roles for supervisors and regulated entities, how to address risks in non-face-to-face relationships and transactions, and whether the examples and annexes provide sufficient detail across implementation approaches. Comments are requested by 4 April 2025 at 18:00 CET. FATF noted that submissions will be shared with FATF delegations and will be used to revise the draft text, which has not yet been approved.

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