Financial Action Task Force: Difference between revisions
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The original Recommendations were subsequently updated and consolidated, to form the International Standards on Combating Money Laundering and the Financing of Terrorism & Proliferation. | The original Recommendations were subsequently updated and consolidated, to form the International Standards on Combating Money Laundering and the Financing of Terrorism & Proliferation. | ||
May also known by its French name, Groupe d'action financière (GAFI). | |||
Revision as of 10:57, 3 January 2018
Anti money laundering
(FATF).
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.
May also known by its French name, Groupe d'action financière (GAFI).
