Financial Action Task Force and Critical service provider: Difference between pages

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''Anti money laundering''.
1.  ''Supply chain - suppliers - financial services.''


(FATF).  
A service provider that provides critical services to a financial institution.


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.  
''(Source - Financial Stability Board (FSB).)''




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.
2.  ''Supply chain - suppliers.''


The original Recommendations were subsequently updated and consolidated, to form the International Standards on Combating Money Laundering and the Financing of Terrorism & Proliferation.  
Similar situations and dependencies in other sectors.




May also known by its French name, Groupe d'action financière (GAFI).
==See also==
* [[Critical service]]
* [[Critical third parties]]  (CTP)
* [[Financial authority]]
* [[Financial institution]]
* [[Financial services]]
* [[Financial Stability Board]]  (FSB)
* [[Intra-group service provider]]
* [[Law]]
* [[Nth-party service provider]]
* [[Outsourcing]]
* [[Service provider]]
* [[Supply chain]]
* [[Systemic third-party dependency]]
* [[Third party]]
* [[Third-party risk]]
* [[Third-party service provider]]
* [[Third-party service relationship]]


== See also ==
* [[Financial Intelligence Units]]
* [[Money laundering]]
* [[Standardised corporate environment]]
[[Category:Context_of_treasury]]
[[Category:Accounting,_tax_and_regulation]]
[[Category:Accounting,_tax_and_regulation]]
[[Category:Compliance_and_audit]]

Latest revision as of 10:51, 18 January 2024

1. Supply chain - suppliers - financial services.

A service provider that provides critical services to a financial institution.

(Source - Financial Stability Board (FSB).)


2. Supply chain - suppliers.

Similar situations and dependencies in other sectors.


See also

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