Transcription of FATF 40 Recommendations - Financial Action Task Force
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FATF 40 Recommendations - Financial Action Task Force
Financial Action Task Force Groupe d' Action financi re FATF Standards 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 . 2010 FATF/OECD - 1. FATF 40 Recommendations 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 professionals to provide advice and assistance in laundering criminal funds.
and terrorist financing into compliance with the new FATF Recommendations, and to effectively implement these measures. The review process for revising the Forty Recommendations was an extensive one, open to FATF members, non-members, observers, financial and other affected sectors and interested parties. This
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