THE FORTY RECOMMENDATIONS - OECD.org

Financial Action Task Force on Money laundering Groupe d'action financi re sur le blanchiment de capitaux THE FORTY . RECOMMENDATIONS . 2. THE FORTY 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. These factors, combined with the experience gained through the FATF's Non-Cooperative Countries and Territories process, and a number of national and international initiatives, led the FATF to review and revise the FORTY RECOMMENDATIONS into a new comprehensive framework for combating money laundering and terrorist financing.

THE FORTY 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

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