Presentation by FATF Executive Secretary David Lewis at the Tackling Corruption Together conference in London, 11 May 2016

1. FINANCIAL ACTION TASK FORCE
GROUPE D’ACTION FINANCIÈRE
Ending Impunity: Creating a level
playing field by enforcing the
conventions we have
Tackling Corruption Together
11 May 2016
1

2. Money laundering estimates
2
IMF
1998 ‟ 2 – 5% of GDP ”
$ 1.56 – 3.9 trillion
UNODC
2011 ‟ 2.7% of GDP ”
$ 1.6 trillion
Sources: US Treasury, UK National Crime Agency, German Ministry of Finance,
Australian Crime Commission, New Zealand Financial Intelligence Unit

3. Creating a level playing field
3
 FATF
 FATF-Style Regional Bodies
Publicly identified high-risk and non-cooperative jurisdictions
(February 2016):
 Democratic People's Republic of Korea (DPRK) and Iran
(call for action)
 Afghanistan, Bosnia and Herzegovina, Guyana Iraq, Lao
PDR, Myanmar, Papua New Guinea, Syria, Uganda, Vanuatu
and Yemen

4. Enforcing the conventions we have
USD 619 m
ING
US3
USD 1.9 bn
HSBC
US5
NOV
2015
USD 8.9 bn
BNP Paribas
US8
JUN
2014
USD 667 m
Standard
Chartered
US4
DEC
2012
USD 8 m
RBS
UK2
AUG
2010
USD 100 m
RBS
US7
DEC
2013
USD 1.45 bn
Commerzbank
US11
MAR
2015
APR
2016
USD 0.8 m
Unidentified
bank
Canada16
NOV
2015
USD 104 m
Barclays
UK15
USD 0.6 m
ABN
AMRO
Dubai14
USD 1 m
State Bank of
India
Hong Kong12
JUL
2015
USD 300 m
Standard
Chartered
US9
AUG
2014
USD 258 m
Deutsche Bank
US13
USD 315 m
Bank of Tokyo
Mitsubishi
US10
NOV
2014
USD 250 m
Bank of
Tokyo
US6
JUN
2013
USD 536 m
Credit Suisse
US1
DEC
2009
1.US, DANY 2FSA
3DANY, DOJ,
OFAC
5 FinCEN, OCC,
OFAC, Treasury
6DFSNY 7FED, DFSNY,
OFAC
8DANY, DFS,
DOJ, OFAC
9DFSNY 10DFSNY 11DFSNY, DOJ,
FED, USAO-SDNY,
Manhattan DOA
12HKMA
13DFSNY, FED 14DFSA
16FCA
17FINTRAC
AUG/
OCT
2012
4 DFSNY, DOJ,
DANY, OFAC,
FED, Treasury
JUN
2012

5. 5