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.
|25 Feb 2013||
This FATF Guidance aims to provide support in designing Anti-Money Laundering and Terrorist Financing (AML/CFT) measures that meet the goal of financial inclusion, without compromising the measures that exist for the purpose of combating crime. The revised Guidance, reflects the changes made to the FATF Recommendations in 2012 and focuses in particular on the reinforcement of the risk-based approach (RBA), as a general and underlying principle of all AML/CFT systems.
|29 Oct 2012||
Giving more people access to the formal financial sector increases the reach and the effectiveness of anti-money laundering and countering the financing of terrorism regimes. FATF President Bjorn S. Aamo renewed FATF’s commitment to financial inclusion at a conference on Promoting Financial Inclusion through Proportionate Standards and Guidance. The main objective of the meeting, organised by the G20 Global Platform for Financial Inclusion, was to share experiences with other global standard-setters (Basel Committee on Banking Supervision, the Committee on Payment and Settlement Systems, the International Association of Deposit Insurers, and the International Association of Insurance Supervisors) on the progress and challenges faced in engaging on financial inclusion.
|29 Jun 2011||
The FATF has prepared a Guidance paper to provide support to countries and their financial institutions in designing AML/CFT measures that meet the national goal of financial inclusion, without compromising the measures that exist for the purpose of combating crime.
|29 Feb 2008||
Guidance on Capacity Building for Mutual Evaluations and Implementation of the FATF Standards Within Low Capacity Countries
Recognising the particular problems faced by low capacity countries, this Guidance identifies a number of principles, and specific mechanisms and procedures that may be used to ensure effective prioritisation and implementation of the FATF standards on money laundering and terrorist financing.