FATF Public Consultation

Purpose of research project *

Submission to the FATF in response to the Public Consultation on AML/CFT and Financial Inclusion – Updated FATF Guidance on AML/CFT Measures and Financial Inclusion

Who has, is or will benefit *

A range of stakeholders, including vulnerable and underbanked populations who face exclusion from formal financial systems, as it promotes more inclusive and proportionate AML/CFT measures. It also supports regulated entities (such as banks and fintechs), by advocating for clearer, more practical guidance that reduces compliance burdens while enabling innovation. Policymakers and regulators gain insights to develop more balanced frameworks, while civil society groups can leverage the guidance to advance financial inclusion goals. U

Description of impact *

The FATF and broader standard-setting community benefit from informed, evidence-based contributions that enhance the legitimacy and effectiveness of global financial integrity efforts. The impact of informed, evidence-based contributions to the FATF and broader standard-setting community lies in their ability to shape more nuanced, practical, and context-sensitive global standards. Such input helps ensure that AML/CFT policies are not only technically sound but also socially responsible and implementable across diverse jurisdictions.

Impact date	4 Apr 2025
Category of impact	Economy impacts, Policy impacts, Society impacts