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 (Punctuation.) |
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''Anti money laundering.'' | ''Anti money laundering.'' | ||
An inter-governmental body whose purpose is the development and promotion of policies | 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 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. | |||
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* [[Standardised corporate environment]] | * [[Standardised corporate environment]] | ||
[[Category: | [[Category:Compliance_and_audit]] |
Revision as of 15:30, 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.