The Fourth Plenary of the thirty-fourth session of the Financial Action Task Force (FATF-XXXIV) was convened in Paris, France from October 20 to 24, 2025. Over 600 delegates from more than 90 countries, regions, and international organizations—including FATF and regional anti-money laundering organizations—attended the meeting. A Chinese delegation, composed of representatives from the People's Bank of China, the Supreme People's Procuratorate, the Ministry of Foreign Affairs, and the Ministry of Public Security, attended the conference.
The Plenary adopted revisions to the assessment methodology for Recommendation 16 (Payment Transparency). The fifth round mutual evaluation reports on Malaysia and Belgium were reviewed and adopted. As the first two reports in FATF's new round of mutual evaluations, they will be published in December after quality and consistency checks. The Plenary reviewed the rectification progress of countries on the "grey (black) list," such as Myanmar and Vietnam. The Plenary recognized the efforts made by Burkina Faso, Mozambique, Nigeria, and South Africa to improve their anti-money laundering and counter-terrorist financing systems and agreed to remove them from the "grey list."
The Plenary adopted the Asset Recovery Guidance and Best Practices, the research report on artificial intelligence and deepfakes, and other documents.
Other issues were also discussed.