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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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	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 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.
25 Jun 2010	Guidance on the Risk-Based Approach to combating money laundering and terrorist financing 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.
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.
23 Jun 2009	Best Practices: Freezing of Terrorist Assets (Special Recommendation III) These best practices will help countries to develop and implement targeted financial sanctions to prevent and suppress terrorist financing. This document refers to the FATF Recommendations as published in October 2004.
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.
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 Provicers (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.
29 Jun 2007	Guidance on implementing financial provisions of UN Security Council Resolutions to counter proliferation of weapons of mass destruction Guidance on implementation of financial provisions of United Nations Security Council resolutions to counter the proliferation of weapons of mass destruction. It was issued by the FATF in June 2007.
29 Jun 2007	Guidance Regarding the Implementation of Activity-Based Financial Prohibitions of United Nations Security Council Resolution 1737 The purpose of this additional guidance is to assist jurisdictions in implementing the activity based financial prohibitions in paragraph 6 of S/RES/1737(2006)
29 Jun 2007	Guidance on the Implementation of the Financial Provisions of UN Security Council Resolution 1803 This guidance note aims to assist jurisdictions in implementing the financial provisions of paragraph 10 of United Nations Security Council Resolution (S/RES/) 1803 (2008).
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.

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FATF Recommendations 2012

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7. 03 - FATF Recommendations, Financing of Proliferation

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

28. 10 - FATF Recommendations

Review of the FATF Standards