High-Level Principles for the relationship between the FATF and the FATF-style regional bodies

High-Level Principles & Objectives for FATF and FSRBs

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In October 2012, the FATF Plenary adopted a set of high-level principles and objectives - a list of rights and obligations that apply to both the FATF and the FATF-style regional bodies (FSRBs) - which govern the relationship between the FATF and the FSRBs.  

The FATF and FSRBs are interdependent partners in the global anti-money laundering and countering the financing of terrorist network.  This common purpose is best achieved by a collaborative approach to their activities, in particular the peer review process.    

These high-level principles and objectives also form the basis for the work of the Global Network Co-ordination Group, a working group within FATF which is co-chaired by a representative from an FATF member and a representative from an FSRB member.  The high-level principles and objectives were updated in February 2016.