Financial Action Task Force: Difference between revisions
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imported>Doug Williamson m (The updated Recommendations have been adopted as International Standards http://www.fatf-gafi.org/topics/fatfrecommendations/) |
imported>Doug Williamson m (Typographical changes for clarity.) |
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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 | |||
The FATF issued a number of recommendations - the 40 Recommendations - which now form the basis of most countries’ anti money laundering legislation, and nine Special Recommendations on Terrorist financing. | |||
The original Recommendations were subsequently updated and integrated to form the International Standards on Combating Money Laundering and the Financing of Terrorism & Proliferation. | |||
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* [[Standardised corporate environment]] | * [[Standardised corporate environment]] | ||
[[Category: | [[Category:Compliance_and_audit]] | ||
Revision as of 17:00, 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.
The FATF issued a number of recommendations - the 40 Recommendations - which now form the basis of most countries’ anti money laundering legislation, and nine Special Recommendations on Terrorist financing.
The original Recommendations were subsequently updated and integrated to form the International Standards on Combating Money Laundering and the Financing of Terrorism & Proliferation.
