http://www.fatf-gafi.org
The Financial Action Task Force (FATF) is 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.
Key Facts
The FATF's 40 Recommendations on money laundering provide a complete set of counter-measures against money laundering (ML) covering the criminal justice system and law enforcement, the financial system and its regulation, and international co-operation. Since October 2001, the FATF mandate includes terrorist financing. As a first step, the FATF issued 8 Special Recommendations against Terrorist Financing in October 2001. A ninth Special Recommendation was added in June 2004. In addition, in 2003, terrorist financing issues were added to the scope of the 40 FATF Recommendations, where appropriate. In 2012, these recommendations were codified and released in a single document made available on the FATF website and updated to reflect changes over time.
Additional Information
Forty Recommendations on Money Laundering
Nine Recommendations on Terrorist Financing
Who it affects
Businesses and individuals in 36 signatory countries.
Wikipedia Entry
http://en.wikipedia.org/wiki/FATF