The Financial Action Task Force of Latin America published a report summarising key conclusions from its 29–30 July special session in San Salvador on parallel financial investigations and asset recovery. The report focuses on strengthening parallel financial investigations to better detect illicit financial flows, addressing challenges in asset recovery against international standards, and managing risks linked to virtual assets. The session was supported by the United Nations Office on Drugs and Crime, EL PAcCTO, COPOLAD, INL and GAFILAT member countries. Key takeaways include the need for political commitment and specialised units, investment in technology and continuous training, closer collaboration with the private sector, and regionally coordinated work to build more effective systems to counter financial crime, including through clearer regulatory frameworks and advanced tools for virtual-asset related risks.
Financial Action Task Force of Latin America (GAFILAT) 2025-08-27
Financial Action Task Force of Latin America publishes conclusions from its San Salvador session on parallel financial investigations and asset recovery
The Financial Action Task Force of Latin America released a report from its July session in San Salvador, emphasizing the need for enhanced parallel financial investigations and asset recovery to combat illicit financial flows. It highlights the necessity for political commitment, specialized units, technological investment, and regional coordination to strengthen systems against financial crime, including virtual asset risks. The session was supported by international and regional organizations, underscoring the importance of collaboration with the private sector.