Guidance

The FATF has developed the following guidance and best practices to assist jurisdictions in their implementation of the FATF Recommendations. 

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27 Oct 2014

Guidance on Transparency and Beneficial Ownership

The FATF has adopted guidance which will help policy makers and practitioners in national authorities to identify, design and implement risk-based measures to prevent the misuse of corporate vehicles for the purpose of money laundering, terrorist financing and other illicit purposes. These measures will also support efforts to prevent other serious crimes such as tax crimes and corruption.

18 Oct 2013

Best Practices Paper: The Use of the FATF Recommendations to Combat Corruption

The FATF Recommendations target money laundering and terrorist financing, and are also powerful tools to combat corruption. When effectively implemented, the FATF Recommendations facilitate the detection, tracing and confiscation of corruption proceeds. Although mutually reinforcing, AML/CFT and anti-corruption efforts are not always brought together effectively. The G20 Leaders’ Declaration from the St. Petersburg Summit highlights that leveraging AML/CFT measures to fight corruption will remain a significant area of growing cooperation between the G20 anti-corruption experts and the FATF. This paper is an important step, giving guidance and best practices to policy makers and practitioners on how to use AML/CFT measures to combat corruption.

28 Jun 2013

International Best Practices: Targeted Financial Sanctions Related to Terrorism and Terrorist Financing (Recommendation 6)

This paper provides best practices which will help countries in their implementation of the targeted financial sanctions regimes to comply with the United Nations Security Council Resolutions (UNSCRs) relating to the prevention and suppression of terrorism and terrorist financing.

27 Jun 2013

FATF Guidance: Politically Exposed Persons (Recommendations 12 and 22)

The FATF has developed guidance which will assist in the effective implementation of AML/CFT measures to business relationships with politically exposed persons (PEPs). Many PEPs hold positions that can be abused for the purpose of laundering illicit funds or other predicate offences.

26 Jun 2013

FATF Guidance: The Implementation of Financial Provisions of United Nations Security Council Resolutions to Counter the Proliferation of Weapons of Mass Destruction

This FATF guidance assists countries in implementing not only targeted financial sanctions, but also other measures, such as activity-based financial prohibitions and vigilance measures.

26 Jun 2013

Guidance for a Risk-Based Approach to Prepaid Cards, Mobile Payments and Internet-Based Payment Services

New and innovative payment products and services are being developed and used at an ever-increasing pace and have the potential of being used for money laundering or terrorist financing. This guidance examines how these payment products and services work, and how to develop and implement AML/CFT measures in line with the risk-based approach.

26 Jun 2013

Best Practices: Combating the Abuse of Non-Profit Organisations (Recommendation 8)

Charitable fundraising has been used to provide cover for the financing of terrorism. The FATF has established best practices, aimed at preventing misuse of non-profit organisations for the financing of terrorism while, at the same time, respecting legitimate actions of non-profit organisations (NPOs).

5 Mar 2013

National money laundering and terrorist financing risk assessment

The 2012 FATF Recommendations require that countries identify, assess and understand the money laundering and terrorist financing risks facing them and adapt their AML/CFT system accordingly. The FATF has adopted a new guidance which is intended to assist in the conduct of risk assessment at the country or national level. Once ML/TF risks are properly understood, country authorities may apply AML/CFT measures in a way that ensures they are commensurate with those risks – i.e. the risk-based approach (RBA) – which is central to the FATF standards as is set out in Recommendation 1.

25 Feb 2013

Revised Guidance on AML/CFT and Financial Inclusion

This FATF Guidance aims to provide support in designing Anti-Money Laundering and Terrorist Financing (AML/CFT) measures that meet the goal of financial inclusion, without compromising the measures that exist for the purpose of combating crime. The revised Guidance, reflects the changes made to the FATF Recommendations in 2012 and focuses in particular on the reinforcement of the risk-based approach (RBA), as a general and underlying principle of all AML/CFT systems.

19 Oct 2012

Best Practices on Confiscation (Recommendations 4 and 38) and a Framework for Ongoing Work on Asset Recovery

This best practices paper will assist countries in implementing the necessary measures in their regime to strengthen legal frameworks, minimise structural obstacles and streamline processes and procedures for effective tracing and confiscation within their jurisdiction and in the international context.

19 Oct 2012

Best Practices: Managing the anti-money laundering and counter-terrorirst financing policy implications of voluntary tax compliance programmes

This paper sets out international best practices which will assist jurisdictions in the implementation of voluntary tax compliance programmes that do not impede the effective implementation of AML/CFT measures.

11 Jul 2012

Operational Issues - Financial Investigations Guidance

The FATF has issued guidance to help countries understand the important role of law enforcement in conducting money laundering, terrorist financing and asset-tracing investigations. The guidance also provides strategies and techniques which are intended to assist countries in increasing the effectiveness of such investigations.

7 Mar 2012

Best Practices Paper on Recommendation 2: Sharing among domestic competent authorities information related to the financing of proliferation

This Best Practices Paper focuses specifically on information sharing and exchange related to the financing of the proliferation of weapons of mass destruction.

20 Jun 2008

Best Practices on Trade Based Money Laundering

This best practices paper is issued to raise awareness and improve the ability of government authorities to collect and effectively utilise trade data, in order to detect and investigate money laundering and terrorist financing through trade. This document refers to the FATF Recommendations as last updated and published in October 2004.

29 Feb 2008

Guidance on Capacity Building for Mutual Evaluations and Implementation of the FATF Standards Within Low Capacity Countries

Recognising the particular problems faced by low capacity countries, this Guidance identifies a number of principles, and specific mechanisms and procedures that may be used to ensure effective prioritisation and implementation of the FATF standards on money laundering and terrorist financing.

12 Feb 2005

International Best Practices: Detecting and preventing the illicit cross-border transportation of cash and bearer negotiable instruments (SR IX)

This Best Practice paper complements Special Recommendation IX and its Interpretative Notes. It does not cover all aspects of Special Recommendation IX, but provides best practices for the areas that have proven most challenging. This document refers to the FATF Recommendations as last updated and published in October 2004. This document refers to the FATF Recommendations as last updated and published in October 2004.

20 Jun 2003

International Best Practices: Combating the Abuse of Alternative Remittance Systems (SR VI)

This Best Practices Paper provides guidance on how to detect alternative remittance systems outside the conventional financial sector. This document refers to the FATF Recommendations as last updated and published in October 2004. This document refers to the FATF Recommendations as last updated and published in October 2004.

24 Apr 2002

Guidance for financial institutions in detecting terrorist financing

The goal in providing this guidance is to ensure that financial institutions do not unwittingly hide or move terrorist funds. Financial institutions will thus be better able to protect themselves from being used as a conduit for such activity. To help build awareness of how terrorists, their associates or those who support terrorism may use the financial system, this document describes the general characteristics of terrorist financing.

Guidance Links

FATF Recommendations 2012

2012 FATF Recommendations

FATF Recommendations 2012 


Risk-Based Approach guidance