Frequently Asked Questions
|
The Financial Action Task Force (FATF) is an inter-governmental body whose purpose is the development and promotion of national and international policies to combat money laundering and terrorist financing. The FATF is therefore a 'policy-making body' created in 1989 that works to generate the necessary political will to bring about legislative and regulatory reforms in these areas. The FATF has published 40 + 9 Recommendations in order to meet this objective.
More
What's new
|
03-Jul-2009
This Guidance aims to set out the key elements of an effective risk-based approach and identifies the types of issues that both public authorities and Money Service Businesses may wish to consider when applying a risk-based approach to combating money laundering and terrorist financing.
|
|
01-Jul-2009
The FATF has just completed a study on what may make the football sector attractive to criminals. It provides several case examples of areas that could be exploited by those wanting to invest illegal money into football. In preparing the report, the authors engaged with several major sports organisations as well as experts from FATF and non-FATF members.
|
|
02-Jul-2009
The FATF has issued best practices to assist countries with their implementation of measures to freeze terrorist-related funds or other assets without delay pursuant to relevant United Nations Security Council Resolutions and in accordance with the FATF Standards.
These best practices will help countries to develop and implement targeted financial sanctions to prevent and suppress terrorist financing.
|
|
30-Jun-2009
The FATF recognizes that Norway has made significant progress and that Norway should henceforward report on a biennial basis on the actions it will take in the AML/CFT area.
|
|
29-Jun-2009
The key outcomes of the FATF XX Plenary meeting which was held in Lyon on 24-26 June 2009, and the FATF statement concerning the anti-money laundering and countering the financing of terrorism (AML/CFT) systems of Iran, Uzbekistan, Turkmenistan, Pakistan and São Tome and Principe
|
|
30-Mar-2009
The vulnerability of casinos was recognised in the revision of the FATF 40 Recommendations, with obligations on casinos being significantly enhanced. This report identifies recent regional or global money laundering (ML) and terrorist financing (TF) threats on casinos and gaming.
|
|
27-Mar-2009
South Africa has made good progress in developing its system for combating money laundering (ML) and the financing of terrorism (FT) since its last FATF mutual evaluation in 2003, according to an assessment of the implementation of anti-money laundering and counter-terrorist financing (AML/CFT) standards in South Africa. This assessment was jointly conducted by the FATF and the Eastern and Southern Africa Anti-Money Laundering Group (ESAAMLG).
|
|
23-Mar-2009
MONEYVAL issued a second public statement under Step VI of its Compliance Enhancing Procedures at its 29th Plenary meeting (16-20 March 2009). The first statement issued by MONEYVAL on 12 December 2008 remains in effect.
|
|
27-Feb-2009
Following the adoption of its third Mutual Evaluation (MER) in October 2005, in accordance with the normal FATF follow-up procedures, Italy was required to provide information on the measures it has taken to address the deficiencies identified in the MER. Since October 2005, Italy has been taking action to enhance its AML/CFT regime in line with the recommendations in the MER. The FATF recognizes that Italy has made significant progress and that Italy should henceforward report on a biennial basis on the actions it will take in the AML/CFT area.
|
|
27-Feb-2009
Key outcomes from the FATF XX Plenary meeting which took in Paris from 25-27 February 2009.
|
|
25-Feb-2009
The anti-money laundering and countering the financing of terrorism (AML/CFT) systems of Iran, Uzbekistan, Turkmenistan, Pakistan and São Tome and Principe were the subject of a statement issued during the FATF XX Plenary, held in Paris.
|
|
12-Jan-2009
The Financial Action Task Force (FATF), the Financial Action Task Force on Money Laundering In South America (GAFISUD) and the International Monetary Fund (IMF) have jointly conducted an assessment of the implementation of anti-money laundering and counter-terrorist financing (AML/CFT) standards in Mexico. Click here to download a copy of the summary and the full report.
|
See more news and events…
Top of page
|
FATF-XX Publications
Mutual evaluation reports
The FATF has adopted the mutual evaluation reports of the Russian Federation; Hong Kong, China; the UAE; Qatar; Japan; Mexico; and South Africa.
FATF-XX Calendar of Events
Key events for July 2008 to June 2009.
Keep informed
RSS feed for the FATF: The latest news from FATF!
|
