Fat tail and Financial Action Task Force: Difference between pages

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imported>Doug Williamson
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'Fat tails' describes the greater likelihood of extreme market conditions, than predicted by conventional models of probability.
(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.  
This pattern is also known as 'leptokurtosis'.
 
 
This means that the likelihood and size of extreme negative events is systematically underestimated by conventional statisitcal models.


It has issued a number of recommendations - the 40 Recommendations, which form the basis of most countries’ anti-money laundering legislation plus 9 Special Recommendations on Terrorist financing.


== See also ==
== See also ==
* [[CertFMM]]
* [[Financial Intelligence Units]]
* [[Frequency distribution]]
* [[Money laundering]]
* [[Leptokurtic frequency distribution]]
* [[Standardised corporate environment]]
* [[Leptokurtosis]]
* [[Normal frequency distribution]]
* [[Standard deviation]]
* [[Tail event]]
* [[Tail risk]]

Revision as of 15:29, 5 May 2013

(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.

It has issued a number of recommendations - the 40 Recommendations, which form the basis of most countries’ anti-money laundering legislation plus 9 Special Recommendations on Terrorist financing.

See also