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Highlights from the Task Force Response to the FATF Consultation Paper
September 23rd, 2011
The Financial Action Task Force (FATF) is a global, instrumental inter-governmental group that develops and promotes policies battle money laundering and terrorist financing. The FATF issues a set of recommendations to outline criminal justice and regulatory measures that countries should implement to effectively fight these problems. This set includes the FATF’s 40 Recommendations, which cover a complete list of anti-money laundering (AML) measures and span the criminal justice system, law enforcement, the financial system, financial regulation, and international co-operation. Additionally, the FATF releases 9 Special Recommendations, which specifically address terrorist financing. Together the 40+9 Recommendations form the international standard for...
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