FATF launches a 2026-2028 roadmap on combating fraud
On 1 July 2026, the Financial Action Task Force (FATF) launched a two-year roadmap to tackle fraud, the first initiative of the incoming UK Presidency. The roadmap is a plan of work, not a new rule: FATF will gather data on fraud typologies through October 2026 before proposing what more the existing FATF toolkit can do.
The Financial Action Task Force sets the global standards that countries and their financial institutions follow to counter money laundering and the financing of terrorism. A roadmap in FATF terms is a plan of work rather than a binding rule: it signals a priority and a timeline for study, after which FATF may issue guidance or propose changes to its recommendations.
This roadmap makes fraud a focus for the two-year UK Presidency. FATF has said it will first gather data on how fraud is carried out and how the proceeds are moved — a phase running through October 2026 — before setting out what more its existing toolkit can do. For payment firms there is nothing to implement yet. The practical signal is that fraud, and the laundering of fraud proceeds, are moving up the international agenda, so future due-diligence, information-sharing and reporting expectations may follow from this work.
Sources for this update1
- Market practice
Launching the FATF's Roadmap 26-28 on Combatting Fraud ↗ — Financial Action Task Force · FATF Roadmap 26-28 on Combatting Fraud, launched 1 July 2026
Launched 1 July 2026, the first day of the UK's two-year FATF Presidency. The roadmap itself is a plan of work (data-gathering through October 2026, recommendations by February 2027), not yet a new binding requirement.