International Standards on Combating Money Laundering and the Financing of Terrorism Proliferation: The FATF Recommendations
February 16, 2012
The Financial Action Task Force (FATF) has revised its Recommendations after more than two years of efforts by member countries.
The revised FATF Recommendations now fully integrate counter-terrorist financing measures with anti-money laundering controls, introduce new measures to counter the financing of the proliferation of weapons of mass destruction, and they will better address the laundering of the proceeds of corruption and tax crimes. They also strengthen the requirements for higher risk situations and allow countries to take a more targeted risk-based approach