On November 6, 2026, the Treasury reported that the FATF adopted the Mutual Evaluation Reports of the United States and Mexico during its November plenary meetings, recognizing the effectiveness of the U.S. anti-money laundering and countering the financing of terrorism (AML/CFT) system. The meeting, led by senior U.S. Treasury officials, also addressed several global illicit finance concerns, including Iranian sanctions evasion, Southeast Asian scam compounds, and risks involving digital assets.
Key developments included:
Iranian illicit finance: FATF reiterated its call for all jurisdictions to impose countermeasures on Iran, including restrictions on correspondent banking, digital asset transactions, and business relationships, in response to Iran's continued failure to comply with its nuclear agreements.
Southeast Asian scam compounds: FATF adopted a report examining the financial flows supporting scam compounds and plans to strengthen global efforts to disrupt these criminal networks, hold jurisdictions accountable, and protect victims.
Digital assets: FATF agreed to accelerate implementation of its digital asset standards and launch a targeted review of jurisdictions with longstanding deficiencies in regulating virtual assets, with the goal of addressing weaknesses that allow illicit actors to launder funds through exchanges.
These developments reflect FATF's continued efforts to strengthen global AML/CFT standards and address emerging threats to the international financial system.
Read the Treasury’s press release here.