The Egmont Group participated in the FATF’s fifth Plenary meeting held between 9 and 13 February under the Mexican Presidency, aligning its engagement with FATF project work on partnerships and training and supporting initiatives addressing stablecoin and virtual asset abuse and the proceeds of cyber-enabled fraud. At the Plenary, the Group backed the adoption of work on recognizing risks stemming from the abuse of stablecoins and virtual assets, citing its prior delivery on these topics including an eCatalogue on Regulated VASPs to help FIUs and partners identify available information on regulated VASPs. It also welcomed approval of additional work on tackling the proceeds of Cyber-Enabled Fraud, referencing its CEF Rapid Response Program and the 2023 joint paper on Illicit Financial Flows from Cyber-Enabled Fraud. Separately, it reported progress on implementing ECOFEL’s Certification Program, noted a recently delivered training course on International Exposure of FIUs, and flagged an upcoming VASPs Symposium scheduled for April 2026. The Egmont Group also noted the election of Mr. Giles Thomson as incoming FATF President, with his mandate to begin following the FATF June Plenary.
Egmont Group 2026-02-14
Egmont Group joins FATF Plenary to advance partnerships, training and work on stablecoin, virtual asset and cyber-enabled fraud risks
The Egmont Group participated in the FATF's fifth Plenary meeting, supporting initiatives on stablecoin and virtual asset abuse and cyber-enabled fraud. It highlighted progress on ECOFEL’s Certification Program, a recent FIU training course, and an upcoming VASPs Symposium, while noting the election of Mr. Giles Thomson as the incoming FATF President.