Post by account_disabled on Mar 11, 2024 10:08:59 GMT
The Financial Action Task Force on Money Laundering and Terrorist Financing – FATF (also known as FATF ) is an independent inter-governmental body that develops and promotes policies to protect the global financial system against the risks of money laundering and terrorist financing.
Composed of members (including States and international organizations), the FATF was created in by the G- and is secretariated by the Organization for Economic Cooperation and Development — OECD. Recently, the main forum providing guidance to the FATF is the G- It is worth mentioning guidance from the G- so that the FATF promotes greater effectiveness in its work. This recommendation has resulted Canada Mobile Number List in tougher evaluations and the development of an in-depth monitoring process for poorly evaluated jurisdictions, with a view to applying concrete countermeasures.
FATF assessments are carried out based on the Recommendations for combating and preventing money laundering, issued by the Group in and revised in and This is the most important international standard for combating money laundering. The set of recommendations was expanded in and subsequently in to include Special Recommendations for preventing and combating terrorism and its financing. Since then, the FATF Recommendations have been known as “+ Recommendations”.
The global implementation of the FATF recommendations is reinforced by the economic and political relevance of the FATF members, the support of the IMF and the World Bank, and, mainly, by Resolution / of the United Nations Security Council — UN , which urges all UN members to implement the + Recommendations.
Composed of members (including States and international organizations), the FATF was created in by the G- and is secretariated by the Organization for Economic Cooperation and Development — OECD. Recently, the main forum providing guidance to the FATF is the G- It is worth mentioning guidance from the G- so that the FATF promotes greater effectiveness in its work. This recommendation has resulted Canada Mobile Number List in tougher evaluations and the development of an in-depth monitoring process for poorly evaluated jurisdictions, with a view to applying concrete countermeasures.
FATF assessments are carried out based on the Recommendations for combating and preventing money laundering, issued by the Group in and revised in and This is the most important international standard for combating money laundering. The set of recommendations was expanded in and subsequently in to include Special Recommendations for preventing and combating terrorism and its financing. Since then, the FATF Recommendations have been known as “+ Recommendations”.
The global implementation of the FATF recommendations is reinforced by the economic and political relevance of the FATF members, the support of the IMF and the World Bank, and, mainly, by Resolution / of the United Nations Security Council — UN , which urges all UN members to implement the + Recommendations.