Political Declaration setting out the framework for the future relationship between the European Union and the United Kingdom


C. Anti-money laundering and counter-terrorism financing



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Political Declaration setting ou

 
C. Anti-money laundering and counter-terrorism financing
89.
 
The Parties agree to support international efforts to prevent and fight against money 
laundering and terrorist financing, particularly through compliance with Financial Action 
Task Force (FATF) standards and associated cooperation. The Parties agree to go beyond 
the FATF standards with regard to beneficial ownership transparency and ending the 


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anonymity associated with the use of virtual currencies, including through obliging virtual 
currency exchanges and custodian wallet providers to apply customer due diligence controls.
 
III.
 
 F
OREIGN POLICY
,
 SECURITY AND DEFENCE 
 
90.
 
The Parties support ambitious, close and lasting cooperation on external action to protect 
citizens from external threats, including new emerging threats, prevent conflicts, strengthen 
international peace and security, including through the United Nations and NATO, and 
address the root causes of global challenges such as terrorism or illegal migration. They will 
champion a rules-based international order and project their common values worldwide.
 
 
91.
 
The Parties will promote sustainable development and the eradication of poverty. In this 
regard, they will continue to support the implementation of the United Nations Sustainable 
Development Goals and the European Consensus on Development.
 
 
92.
 
The Parties will shape and pursue their foreign policies according to their respective 
strategic and security interests, and their respective legal orders. When and where these 
interests are shared, the Parties should cooperate closely at the bilateral level and within 
international organisations. The Parties should design flexible and scalable cooperation that 
would ensure that the United Kingdom can combine efforts with the Union to the greatest 
effect, including in times of crisis or when serious incidents occur.

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