Topics

FATF Recommendations

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.

Mutual Evaluations

The FATF conducts peer reviews of each member on an ongoing basis to assess levels of implementation of the FATF Recommendations, providing an in-depth description and analysis of each country’s system for preventing criminal abuse of the financial system.

High-risk and non-cooperative jurisdictions

Worldwide compliance with the standards protects the integrity of the international financial system and enhances international co-operation on AML/CFT. Public identification of non-compliance has encouraged jurisdictions to improve their AML/CFT systems.

Methods and Trends

The methods used to launder proceeds of criminal activities and finance illicit activities are in constant evolution: as the international financial sector implements the FATF standards, criminals must find alternative channels.

Financing of Proliferation

The FATF has responded to the threat of illicit proliferation of weapons of mass destruction by updating its standards to include measures on the implementation of targeted financial sanctions related to proliferation.

Corruption

Corruption and money laundering are intrinsically linked, as both are generally committed to obtain or hide financial gain. Anti-money laundering and counter-terrorist financing measures are powerful tools that are effective in the fight against corruption.

Financial Inclusion

Ensuring that financially excluded or underserved groups (such as low income, rural sector or undocumented groups) have access to regulated financial services helps to strengthen the implementation of AML/CFT measures.

Featured Content

Featured Documents

14. 02 - High-risk and non-cooperative jurisdictions

FATF Public Statement - 14 February 2014

14. 02 - High-risk and non-cooperative jurisdictions

Improving Global AML/CFT Compliance: on-going process - 14 February 2014