As an organization, we are alarmed by the Financial Action Task Force’s proposed card exemption revisions in the Explanatory Memorandum and draft revisions to Recommendation 16 released on February, 26 2024. If adopted, the revisions would create a situation in which increasing compliance requirements through more stringent FATF standards would violate the FATF’s commitment to a risk-based approach.
Read the response submitted by the Consumer Choice Center below.
712 H St NE PMB 94982
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© COPYRIGHT 2025, CONSUMER CHOICE CENTER
712 H St NE PMB 94982
Washington, DC 20002
Rond Point Schuman 6, Box 5 Brussels, 1040, Belgium
Golden Cross House, 8 Duncannon Street
London, WC2N 4JF, UK
Block D, Platinum Sentral, Jalan Stesen Sentral 2, Level 3 - 5 Kuala Lumpur, 50470, Malaysia
718-170 Laurier Ave W Ottawa, ON K1P 5V5
© COPYRIGHT 2025, CONSUMER CHOICE CENTER
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