The COVID-19 pandemic has led to unprecedented global challenges, human suffering, and economic hardship. The pandemic has also spawned a range of COVID-19-related crimes, which are creating new sources of income for criminal networks. In May, the FATF highlighted the COVID-19-related money laundering and terrorist financing risks and policy responses. In the intervening months, the FATF collected input from over 200 countries and jurisdictions on how those risks have evolved as the pandemic has evolved. The follow-up report provides case studies from several different countries that further detail recent global trends in the predicate offenses for money laundering and changes in money-laundering tactics.
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