This is the first in a two-part podcast series published in partnership with CGAP.

In June 2025, the Financial Action Task Force (FATF), issued guidance on Financial Inclusion and Anti-Money Laundering, and Terrorist Financing (AML/CFT) measures. FATF recognizes that applying an overly cautious approach to anti-money laundering, countering the financing of terrorism, AML/CFT safeguards, can have the unintended consequence of excluding businesses and consumers from the financial system.

The speakers discussed:

• How proportionality supports financial inclusion
• The complimentary nature of financial inclusion and financial integrity
• The consultation process with international bodies and standard setters

Speakers: 

Ivo Jeník, Senior Financial Sector Specialist, CGAP

Louis de Koker, Consultant, CGAP; Professor of Law, La Trobe University, Australia 

Host: 

Richa Goyal, Program Director, Toronto Centre

Read the transcript here. Read their biographies here.

Read the FATF's updated Guidance on Financial Inclusion and Anti-Money Laundering and Terrorist Financing Measures here.

The second part of this podcast series will be released in September 2025.

https://torontocentre.org/