Given the current situation posed by the COVID-19 pandemic, the international community has taken measures and applied resources in order to mitigate as much as possible the impact of this phenomenon on the population. In this necessary effort, some measures or controls aimed at preventing and combating Money Laundering (ML) and the Financing of Terrorism (FT) and proliferation (FP), could been affected and therefore possible threats and/or vulnerabilities arise in the Anti-Money Laundering and Counter-Financing of Terrorism (AML/CFT) systems implemented by the different stakeholders in the different jurisdictions in the world. GAFILAT considers it is imperative to evaluate the possible emerging risks resulting from the global health situation in order to prevent criminal organizations from taking advantage of this unfortunate global situation. In response to that, GAFILAT has been monitoring the actions and measures that its member countries, the international community and the FATF have taken in response to the current situation and has identified certain challenges.