The FATF Recommendations are the internationally endorsed global standards against money laundering and terrorist financing: they increase transparency and enable countries to successfully take action against illicit use of their financial system.
The FATF is consulting private sector stakeholders on two draft guidance papers to assist in the application of a risk-based approach to anti-money laundering and counter terrorist financing measures. Deadline for comments: 17 August. Click below for more information:
The FATF Recommendations, the international anti-money laundering and combating the financing of terrorism and proliferation (AML/CFT) standards, and the FATF Methodology to assess the effectiveness of AML/CFT systems.
The FATF and FATF-Style Regional Bodies will work together with international organisations to develop proposals to strengthen all counter-terrorism financing tools and to ensure that they are working effectively.
