FATF Mandate
The renewed mandate will allow the FATF – through its global network of 187 partner countries – to ensure that all are doing their part to make the international financial system off-limits to criminals, terrorists and others threats to financial stability.
New FATF Recommendations
Adoption of the revised Recommendations demonstrates countries’ shared commitment to fight money laundering, terrorist financing and financing of the proliferation of weapons of mass destruction, said FATF President Giancarlo Del Bufalo.
Financial Inclusion
Ensuring that financially excluded or underserved groups (such as low income, rural sector or undocumented groups) have access to regulated financial services helps to strengthen the implementation of AML/CFT measures.
Key Content
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FATF Recommendations adopted February 2012 |
High-risk and non cooperative jurisdictions:
- jurisdictions for which an FATF call for action applies
- other monitored jurisdictions
16 May 2012
Public and private sector partnership in fighting financial crime
The FATF Secretariat participated in the Financial Crime Symposium hosted by the Law Society of England and Wales on 15 May 2012 in London, United Kingdom.
10 May 2012
FATF contributes to AML/CFT discussions in Eastern and Southern Africa
The mutual evaluation of Angola was adopted, and several follow-up reports were reviewed, during the meeting of the Eastern and Southern Africa Anti-Money Laundering Group (ESAAMLG) which took place in Tanzania on 15-20 April 2012. The first meeting of the Donors Coordination Group took place during this week, aimed at consolidating Training and Technical Support.
7 May 2012
Plenary and Ministerial Meeting of the Intergovernmental Action Group against Money Laundering in West Africa (GIABA)
Meetings of the GIABA Technical Commission and Ad Hoc Ministerial Committee took place in Abidjan, Côte d’Ivoire, from 2 to 5 May 2012. FATF President Giancarlo Del Bufalo delivered an address before the GIABA Ad Hoc Ministerial Committee on 5 May during which he welcomed the progress made by GIABA since it became an FATF-style regional body (FSRB) in 2006, but underlined that certain obligations of GIABA as an FSRB required more attention.
23 Apr 2012
Ministers renew the mandate of the Financial Action Task Force until 2020
Ministers of the Financial Action Task Force agreed to extend the FATF mandate for another 8 years, continuing to safeguard the integrity of the international financial system.
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