The FATF Recommendations

2012 FATF Recommendations

FATF Recommendations 2012

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The FATF Recommendations set out a comprehensive and consistent framework of measures which countries should implement in order to combat money laundering and terrorist financing, as well as the financing of proliferation of weapons of mass destruction. Countries have diverse legal, administrative and operational frameworks and different financial systems, and so cannot all take identical measures to counter these threats.

The FATF Recommendations, therefore, set an international standard, which countries should implement through measures adapted to their particular circumstances. The FATF Standards comprise the Recommendations themselves and their Interpretive Notes, together with the applicable definitions in the Glossary.  

 

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Translations of the FATF Recommendations

The following unofficial translations, are provided for your convenience.  These are working translations. In the event of a conflict over interpretation, the official English and French versions of the text, as published on the FATF website, are authoritative.

  • Arabic - translated by MENAFATF
  • Dari  - translated by the Terrorism Prevention Branch of the United Nations Office on Drugs and Crime (UNODC)
  • Estonian - translated by the Estonian Financial Supervisory Authority
  • Pashto  - translated by the Terrorism Prevention Branch of the United Nations Office on Drugs and Crime (UNODC)
  • Portuguese - translated by the Portuguese Delegation
  • Portuguese - translated by GAFISUD
  • Russian - translated by the Russian Delegation
  • Spanish - translated by GAFISUD

 

Information on updates made to the FATF Recommendations 

Date / FATF Plenary   Type of amendments   Sections subject to amendments
February 2013    Alignment of the Standards between R.37 and R.40  

Insertion of the reference that DNFBP secrecy or confidentiality laws should not affect the provision of mutual legal assistance, except where the relevant information that is sought is held in circumstances where legal professional privilege or legal professional secrecy applies.

October 2015   Revision of the Interpretive Note to R. 5 to address the foreign terrorist fighters threat   Insertion of B.3 to incorporate the relevant element of United Nations Security Council Resolution 2178 which addresses the threat posed by foreign terrorist fighters. This clarifies that Recommendation 5 requires countries to criminalise financing the travel of individuals who travel to a State other than their States of residence or nationality for the purpose of the perpetration, planning, or preparation of, or participation in, terrorist acts or the providing or receiving of terrorist training.
Existing B.3-11 became B.4-12.

June 2016   Revision of R. 8 and the Interpretive Note to R. 8   Revision of the standard on non-profit organisation (NPO) to clarify the subset of NPOs which should be made subject to supervision and monitoring. This brings INR.8 into line with the FATF Typologies Report on Risk of Terrorist Abuse of NPOs (June 2014) and the FATF Best Practices on Combatting the Abuse of NPOs (June 2015) which clarify that not all NPOs are high risk and intended to be addressed by R.8, and better align the implementation of R.8/INR.8 with the risk-based approach.

    

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