Transcription of FATF 40 Recommendations
{{id}} {{{paragraph}}}
Example: bankruptcy
FATF 40 Recommendations
2010 FATF/OECD - 1 Financial Action Task Force Groupe d action financi re FATF 40 Recommendations October 2003 (incorporating all subsequent amendments until October 2004) The FATF revised the 40 and the IX Recommendations . The revision of the FATF Recommendation was adopted and published in February 2012. See for the 2012 FATF Recommendations . FATF Standards FATF 40 Recommendations 2 - 2010 FATF/OECD INTRODUCTION Money laundering methods and techniques change in response to developing counter-measures. In recent years, the Financial Action Task Force (FATF) 1 has noted increasingly sophisticated combinations of techniques, such as the increased use of legal persons to disguise the true ownership and control of illegal proceeds, and an increased use of profess
not open the account, commence business relations or perform the transaction; or should terminate the business relationship; and should consider making a suspicious transactions report in relation to the customer. These requirements should apply to all new customers, though financial institutions should also
Loading..
Tags:
Information
Domain:
Source:
Link to this page:
Please notify us if you found a problem with this document: