FATF Annual Report 2002-2003

Under the Presidency of Mr. Jochen Sanio of Germany, the FATF achieved the following outcomes during the fourteenth Plenary year:

• The completion of the review of the FATF Recommendations.
• The admission of South Africa and the Russian Federation as full members of the FATF.
• The development of guidance to implement the Eight Special Recommendations to counter the financing of terrorism
• Increased collaboration with the International Financial Institutions in assessing national systems for anti-money laundering (AML) and countering the financing of terrorism (CFT) at a global level. 

FATF Annual Report 2002-2003