Financial Action Task Force: Difference between revisions
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imported>Doug Williamson m (Typographical changes for clarity.) |
imported>Doug Williamson (Rejigged the information to make it clearer (the 49 recommendations were consolidated to 40 Recommendations for International Standards..). Source: http://www.fatf-gafi.org/about/historyofthefatf/) |
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The FATF issued a number of recommendations - the 40 Recommendations - which | The FATF issued a number of recommendations - the 40 Recommendations and nine Special Recommendations on Terrorist financing - which form the basis of most countries’ anti money laundering legislation. | ||
The original Recommendations were subsequently updated and | The original Recommendations were subsequently updated and consolidated to form the International Standards on Combating Money Laundering and the Financing of Terrorism & Proliferation. | ||
Revision as of 12:20, 20 January 2016
(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 and nine Special Recommendations on Terrorist financing - which form the basis of most countries’ anti money laundering legislation.
The original Recommendations were subsequently updated and consolidated to form the International Standards on Combating Money Laundering and the Financing of Terrorism & Proliferation.
