Use of the FATF Recommendations to support the fight against corruption

Reference Guide and Information Note on the Use of the FATF Recommendations to support the fight against Corruption

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The G20 leaders have asked the FATF to help detect the proceeds of corruption and deter corruption offences by strengthening the FATF Recommendations, taking corruption issues into account in the process. 

The FATF recognises the link between corruption and money laundering. Effectively implemented AML/CFT measures create an environment in which it is more difficult for corruption to thrive and go undetected. The FATF has therefore developed an information note to raise public awareness on how the use of the FATF Recommendations can help combat corruption.

By effectively implementing the FATF Recommendations, countries can:

  • better safeguard the integrity of the public sector
  • protect designated private sector institutions from abuse
  • increase transparency of the financial system
  • facilitate the detection, investigation and prosecution of corruption and money laundering, and the recovery of stolen assets.

A proper culture of compliance with AML/CFT standards creates an environment in which it is more difficult for corruption to thrive undetected and unpunished.

This Reference Guide and Information Note was originally published in October 2010, and was revised in October 2012 to make it consistent with the revised FATF Recommendations.