Mutual Evaluation of Hong Kong, China

21-Jul-2008

The Financial Action Task Force (FATF) has completed an assessment of the implementation of anti-money laundering and counter-terrorist financing (AML/CFT) standards in Hong Kong, China. A summary of this report was published on 27 June 2008.

Antonio Gustavo Rodrigues' Speech to the APG Annual Meeting

21-Jul-2008

An address by Antonio Gustavo Rodrigues, the FATF President, to the annual meeting of the Asia/Pacific Group on Money Laundering (APG) on 8 July 2008 in Bali, Indonesia.

High Level Principles and Procedures for Dealers in Precious Metals and Dealers in Precious Stones

15-Jul-2008

This Guidance on the Risk-Based Approach to combating Money Laundering and Terrorist Financing was developed by the FATF in close consultation with representatives of the dealers in precious metals and dealers in precious stones industries. The Guidance supports the development of a common understanding of what the risk-based approach involves, outlines the high-level principles involved in applying the risk-based approach, and indicates good public and private sector practice in the design and implementation of an effective risk-based approach.

Money Laundering & Terrorist Financing Vulnerabilities of Commercial Websites & Internet Payment Systems

10-Jul-2008

This report focuses on the type of electronic commerce identified as the most vulnerable to money laundering and terrorist financing (ML/TF): mediated customer-to-customer. The report also provides a number of case studies illustrating how mediated customer-to-customer systems can be exploited for ML/TF purposes.

Money Laundering & Terrorist Financing Risk Assessment Strategies

07-Jul-2008

Drawing upon some current examples of national threat assessments, this report sets out key factors to be considered, including sources of data and type of assessment: risk, threat or vulnerability.

Mutual Evaluation of the Russian Federation - Executive Summary

02-Jul-2008

The Financial Action Task Force (FATF), the Eurasian Group (EAG) and Moneyval have jointly assessed the anti-money laundering and counter-terrorist financing measures of the Russian Federation for compliance with the FATF standards.

Best Practices Paper on Money Laundering and Terrorist Financing through the Trade System

01-Jul-2008

The FATF has issued a new best practices paper  on trade based money laundering and terrorist financing to raise awareness and improve the ability of government authorities to collect and effectively utilise trade data, both domestically and internationally, for the purpose of detecting and investigating money laundering and terrorist financing through international trade. Misuse of the trade system is one of the main methods by which criminal organisations and terrorist financiers move money for the purpose of disguising its origins and integrating it into the formal economy.

Chairman's Summary of the FATF Plenary Meeting in London, 18-20 June 2008

20-Jun-2008

Key outcomes from the FATF plenary meeting held in London, United Kingdom, from 18-20 June 2008.

FATF Revised Mandate 2008-2012

12-Apr-2008

The UK Chancellor of the Exchequer chaired a meeting of FATF Ministers in Washington DC today. The Ministers discussed the work of the FATF in the international fight against money laundering and terrorist financing. They also endorsed a revised mandate for the FATF, which determines its direction and priorities between 2008 and 2012.

Methodology for Assessing Compliance with the FATF 40 Recommendations and the FATF 9 Special Recommendations

28-Mar-2008

The FATF revised in February 2008 its Methodology for Assessing Compliance with the FATF 40 + 9 Recommendations. It is the methodology followed in the mutual evaluation program to assess countries’ anti-money laundering and counter terrorism financing (AML/CFT) systems. 

FATF Terrorist Financing Report

14-Mar-2008

This study examines the means used by terrorists to raise funds and the wide variety of methods used to move money within and between organisations. The adaptability and opportunism shown by terrorist organisations suggests that all the methods that exist to move money around the globe are to some extent at risk. 

The FATF Revised Interpretative Note to Special Recommendation VII: Wire Transfers

12-Mar-2008

The FATF has revised its Interpretative Note to SR VII on measures for dealing with cross-border wire transfers. Special Recommendation VII (SR VII) was originally developed with the objective of preventing terrorists and other criminals from having unfettered access to wire transfers for moving their funds and for detecting such misuse when it occurs.

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

07-Mar-2008

The Guidance set out within this document is primarily intended to support low capacity countries (LCCs) in implementing the FATF standards in a manner reflecting their national institutional systems, is consistent with the ML/FT risks they face, and takes account of their limited resources.

Chairman's Summary of the FATF Plenary Meeting in Paris, 27-29 February 2008

pdf,51Kb,English |  View long abstract

29-Feb-2008

Key outcomes from the FATF plenary meeting held in Paris, France, from 27-29 February 2008.

FATF Statement of 28 February 2008

pdf,34Kb,English |  View long abstract

28-Feb-2008

The FATF is concerned about the lack of comprehensive AML/CFT systems in Uzbekistan, Iran, Pakistan, Turkmenistan, São Tomé and Príncipe and the northern part of Cyprus.