The FATF has identified jurisdictions with strategic deficiencies in their frameworks to combat money laundering and the financing of terrorism and proliferation: high-risk jurisdictions subject to a call for action and jurisdictions under increased monitoring.
The FATF Recommendations, the international anti-money laundering and combating the financing of terrorism and proliferation (AML/CFT) standards, and the FATF Methodology to assess the effectiveness of AML/CFT systems.
- FATF Recommendations 2012 - amended October 2020
- Methodology 2013 - amended November 2020
- Procedures for the FATF Fourth Round of AML/CFT Mutual Evaluations - amended January 2021
- Consolidated Processes and Procedures for Mutual Evaluations and Follow-Up (Universal Procedures) - amended January 2021
The COVID-19 pandemic has led to unprecedented global challenges, human suffering and economic disruption. Criminals have been quick to seek ways to exploit this crisis. Despite the exceptional circumstances, the FATF has continued advancing its important work. It has highlighted COVID-19 related threats and vulnerabilities as well as policy responses to address them.
FATF has issued global, binding standards to prevent the misuse of virtual assets for money laundering and terrorist financing. The standards ensure that virtual assets are treated fairly, applying the same safeguards as the financial sector.
Combatting terrorist financing is top priority for the FATF, and a key part of the FATF’s objectives in strengthening financial sector integrity and contributing to safety and security. FATF's focus on terrorist financing