Financial Action Task Force: Difference between revisions
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imported>Doug Williamson m (Category added 9/10/13 and spacing) |
imported>Doug Williamson m (The updated Recommendations have been adopted as International Standards http://www.fatf-gafi.org/topics/fatfrecommendations/) |
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An inter-governmental body whose purpose is the development and promotion of policies, both at national and international levels, to combat money laundering and terrorist financing. | An inter-governmental body whose purpose is the development and promotion of policies, both at national and international levels, to combat money laundering and terrorist financing. | ||
FATF issued a number of recommendations - the 40 Recommendations, which formed the basis of most countries’ anti money laundering legislation plus 9 Special Recommendations on Terrorist financing. The Recommendations were subsequently updated and integrated to form the International Standards on Combating Money Laundering and the Financing of Terrorism & Proliferation. | |||
Revision as of 15:08, 12 April 2014
(FATF).
Anti money laundering.
An inter-governmental body whose purpose is the development and promotion of policies, both at national and international levels, to combat money laundering and terrorist financing.
FATF issued a number of recommendations - the 40 Recommendations, which formed the basis of most countries’ anti money laundering legislation plus 9 Special Recommendations on Terrorist financing. The Recommendations were subsequently updated and integrated to form the International Standards on Combating Money Laundering and the Financing of Terrorism & Proliferation.
