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.

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23 Jun 2014

FATF Targeted Financial Sanctions Experts' meeting

If implemented effectively, targeted financial sanctions are an important means to deprive terrorist and proliferation financiers of their funds, thereby protecting citizens from the threats of crime, terrorism and weapons of mass destruction. To increase collaboration, coordination and sharing of information between the relevant bodies, this meeting brought together targeted financial sanction experts from 51 countries and 16 organisations.

27 Mar 2014

Dialogue with the private sector

The FATF met with representatives of the private sector on 25 and 26 March 2014 to discuss updates to the guidance on the application of the risk-based approach in their relevant sector. The meeting also provided an opportunity to hear about issues of concern or interest to the private sector.

18 Nov 2013

FATF Recommendations support United Nations instruments

The FATF Recommendations elaborate on financial aspects contained in United Nations instruments such as UN conventions and UN Security Council Resolutions and help countries implement these requirements. At an open briefing by UN Security Council Sanctions Committees and the FATF, Mr Vladimir Nechaev, FATF President, highlighted how the connection between the FATF and the UN has been further strengthened by UN Security Council Resolutions and revisions to the FATF Standards and assessment methodology.

15 Nov 2013

Procedures for the FATF Fourth Round of AML/CFT Mutual Evaluations

This document sets out the procedures that are the basis for that fourth round of mutual evaluations which will involve two inter-related components for technical compliance and effectiveness.

28 Jun 2013

International Best Practices: Targeted Financial Sanctions Related to Terrorism and Terrorist Financing (Recommendation 6)

This paper provides best practices which will help countries in their implementation of the targeted financial sanctions regimes to comply with the United Nations Security Council Resolutions (UNSCRs) relating to the prevention and suppression of terrorism and terrorist financing.

27 Jun 2013

FATF Guidance: Politically Exposed Persons (Recommendations 12 and 22)

The FATF has developed guidance which will assist in the effective implementation of AML/CFT measures to business relationships with politically exposed persons (PEPs). Many PEPs hold positions that can be abused for the purpose of laundering illicit funds or other predicate offences.

26 Jun 2013

FATF Guidance: The Implementation of Financial Provisions of United Nations Security Council Resolutions to Counter the Proliferation of Weapons of Mass Destruction

This FATF guidance assists countries in implementing not only targeted financial sanctions, but also other measures, such as activity-based financial prohibitions and vigilance measures.

26 Jun 2013

Guidance for a Risk-Based Approach to Prepaid Cards, Mobile Payments and Internet-Based Payment Services

New and innovative payment products and services are being developed and used at an ever-increasing pace and have the potential of being used for money laundering or terrorist financing. This guidance examines how these payment products and services work, and how to develop and implement AML/CFT measures in line with the risk-based approach.

26 Jun 2013

Best Practices: Combating the Abuse of Non-Profit Organisations (Recommendation 8)

Charitable fundraising has been used to provide cover for the financing of terrorism. The FATF has established best practices, aimed at preventing misuse of non-profit organisations for the financing of terrorism while, at the same time, respecting legitimate actions of non-profit organisations (NPOs).

29 Apr 2013

Dialogue with the private sector

The FATF organised a meeting of the Private Sector Consultative Forum in London on 25 and 26 April. The meeting was an opportunity for the FATF to update the members of the forum about recent activities and developments and to seek their input into a number of projects that the FATF is currently working on.

26 Apr 2013

Consultation and dialogue with Non-Profit Organisations

FATF met with Non-Profit Organisations (NPOs) on 24 April, the aim of the meeting was to stress the importance of ensuring that FATF Recommendation 8 on NPOs is not being implemented in a manner that disrupts or discourages legitimate charitable activity.

22 Feb 2013

FATF issues new Mechanism to Strengthen Money Laundering and Terrorist Financing Compliance

The new FATF Methodology will determine whether a country is sufficiently compliant with the 2012 FATF Standards and whether its AML/CFT system is working effectively.

21 Nov 2012

The FATF, UN and member countries focus on preventing and suppressing terrorist financing

The FATF participated in a special meeting of the United Nations Counter-Terrorism Committee, aimed at raising awareness of the threat of terrorist financing.

19 Oct 2012

Best Practices on Confiscation (Recommendations 4 and 38) and a Framework for Ongoing Work on Asset Recovery

This best practices paper will assist countries in implementing the necessary measures in their regime to strengthen legal frameworks, minimise structural obstacles and streamline processes and procedures for effective tracing and confiscation within their jurisdiction and in the international context.

19 Oct 2012

Best Practices: Managing the anti-money laundering and counter-terrorirst financing policy implications of voluntary tax compliance programmes

This paper sets out international best practices which will assist jurisdictions in the implementation of voluntary tax compliance programmes that do not impede the effective implementation of AML/CFT measures.

7 Mar 2012

Best Practices Paper on Recommendation 2: Sharing among domestic competent authorities information related to the financing of proliferation

This Best Practices Paper focuses specifically on information sharing and exchange related to the financing of the proliferation of weapons of mass destruction.

16 Feb 2012

The FATF Recommendations

The FATF Recommendations are the basis on which all countries should meet the shared objective of tackling money laundering, terrorist financing and the financing of proliferation. The FATF calls upon all countries to effectively implement these measures in their national systems.

16 Feb 2012

FATF steps up the fight against money laundering and terrorist financing

The FATF Standards have been revised to strengthen global safeguards and further protect the integrity of the financial system by providing governments with stronger tools to take action against financial crime.

16 Feb 2012

FATF's response to the public consultation on the revision of the FATF Recommendation

During the review process of the FATF Recommendations, which started in June 2009, the FATF consulted broadly: through two public consultations, meetings of the FATF private sector consultative forums and more focused outreach on specific technical issues. The consultation process generated a large number of responses and a broad range of opinions. While it is impossible to respond to each and every comment, the FATF has prepared a response to the key issues raised during the consultation process.

16 Feb 2012

International Standards on Combating Money Laundering and the Financing of Terrorism & Proliferation - the FATF Recommendations

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.

28 Oct 2011

Review of the FATF Standards and historical versions

Having completed its 3rd Round of Mutual Evaluations, the FATF conducted a review of the 40+9 Recommendations to ensure that they remain up-to-date and relevant and to benefit from lessons learnt from implementing and evaluating the current standards.

29 Oct 2010

Tax Amnesty and Asset Repatriation Programmes

The FATF has agreed on four basic principles in relation to the AML/CFT policy implications of voluntary tax compliance programmes, to ensure that they do not have a negative impact on the effective application of the FATF Recommendations.

19 Oct 2009

FATF Guidance on the Risk-Based Approach for the Life Insurance Sector

The FATF has agreed to the guidance paper for the life insurance sector on applying a risk-based approach to combating money laundering and terrorist financing. The risk-based approach guidance is the result of a joint FATF-private sector project to develop a series of sector-specific guidance papers. Earlier, the FATF published guidance papers for i) lawyers and notaries, ii) casinos and iii) money services businesses.

26 Jun 2009

FATF Guidance on the Risk-Based Approach for Money Services Businesses

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.

27 Feb 2009

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

The Anti-Money Laundering/Combating Terrorist Financing (AML/CFT) Methodology 2004, including the assessment criteria, is designed to guide the assessment of a country’s compliance with the international AML/CFT standards as contained in the FATF Forty Recommendations and the FATF Nine Special Recommendations on Terrorist Financing (referred to jointly as the FATF Recommendations).

28 Oct 2008

Risk Based Approach Guidance for Legal Professionals

In October 2008, the FATF adopted Guidance on the Risk-Based Approach (RBA) to Combating Money Laundering and Terrorist Financing for Legal Professionals. This Guidance was developed by the FATF in close consultation with representatives of the legal and notarial profession. This guidance supports development of a common understanding of what the RBA involves, outlines high-levels principles involved in applying the RBA, and indicates good practice for governments and legal professionals in the design and implementation of an effective RBA.

23 Oct 2008

FATF Guidance on the Risk-Based Approach for Casinos

In October 2008, the FATF adopted Guidance on the Risk-Based Approach (RBA) to combating Money Laundering and Terrorist Financing for casinos. This Guidance was developed by the FATF in close consultation with representatives from the casinos sector. This guidance supports development of a common understanding of what the RBA involves, outlines high-levels principles involved in applying the RBA, and indicates good practice for governments and legal professionals in the design and implementation of an effective RBA.

20 Jun 2008

Best Practices on Trade Based Money Laundering

This best practices paper is issued to raise awareness and improve the ability of government authorities to collect and effectively utilise trade data, in order to detect and investigate money laundering and terrorist financing through trade. This document refers to the FATF Recommendations as last updated and published in October 2004.

17 Jun 2008

FATF Guidance on the Risk-Based Approach for Real Estate Agents

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 real estate industry. 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.

17 Jun 2008

FATF Guidance on the Risk-Based Approach for Accountants

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 trust and company service providers 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

17 Jun 2008

FATF Guidance on the Risk-Based Approach for Trust and Company Service Providers (TCSPs)

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 trust and company service providers 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

17 Jun 2008

FATF Guidance on the Risk-Based Approach for Dealers in Precious Metals and Stones

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.

22 Jun 2007

FATF Guidance on the Risk-Based Approach to Combating Money Laundering and Terrorist Financing - High Level Principles and Procedures

The 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 international banking and securities sectors. 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.

12 Feb 2005

International Best Practices: Detecting and preventing the illicit cross-border transportation of cash and bearer negotiable instruments (SR IX)

This Best Practice paper complements Special Recommendation IX and its Interpretative Notes. It does not cover all aspects of Special Recommendation IX, but provides best practices for the areas that have proven most challenging. This document refers to the FATF Recommendations as last updated and published in October 2004. This document refers to the FATF Recommendations as last updated and published in October 2004.

22 Oct 2004

The 40 Recommendations, published October 2004

The 40 Recommendations provide a complete set of counter-measures against money laundering (ML)covering the criminal justice system and law enforcement, the financial system and its regulation, and international co-operation.

22 Oct 2004

IX Special Recommendations

Recognising the vital importance of taking action to combat the financing of terrorism, the FATF has agreed these Recommendations, which, when combined with the FATF Forty Recommendations on money laundering, set out the basic framework to detect, prevent and suppress the financing of terrorism and terrorist acts.

20 Jun 2003

International Best Practices: Combating the Abuse of Alternative Remittance Systems (SR VI)

This Best Practices Paper provides guidance on how to detect alternative remittance systems outside the conventional financial sector. This document refers to the FATF Recommendations as last updated and published in October 2004. This document refers to the FATF Recommendations as last updated and published in October 2004.

24 Apr 2002

Guidance for financial institutions in detecting terrorist financing

The goal in providing this guidance is to ensure that financial institutions do not unwittingly hide or move terrorist funds. Financial institutions will thus be better able to protect themselves from being used as a conduit for such activity. To help build awareness of how terrorists, their associates or those who support terrorism may use the financial system, this document describes the general characteristics of terrorist financing.

2 Jul 1990

First FATF Report on the extent and nature of the money laundering process and FATF Recommendations to combat money laundering

A year after its creation in July 1989, the FATF, under the French presidency, presents the 40 FATF Recommendations: a set of action steps that constitute a minimal standard in the fight against money laundering. The reports also includes an analysis of the money laundering process and a presentation of the international instruments and national programs already in place to combat money laundering.