dido:public:ra:xapend:xapend.a_glossary:f:fatf
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dido:public:ra:xapend:xapend.a_glossary:f:fatf [2022/04/02 15:04] nick created |
dido:public:ra:xapend:xapend.a_glossary:f:fatf [2022/04/02 15:12] (current) nick |
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| [[dido:public:ra:xapend:xapend.a_glossary:start| Return to Glossary ]] | [[dido:public:ra:xapend:xapend.a_glossary:start| Return to Glossary ]] | ||
| - | The **Financial Action Task Force (FATF)** is an intergovernmental organization established in 1989 by members of the (then) G7 to develop standards around AML. It designs and promotes policies and standards to combat financial crime. It also actively monitors the AML efforts of its members to implement its recommendations and routinely assesses its effectiveness in the fight against money laundering and terrorism funding. | + | The **Financial Action Task Force (FATF)** is an intergovernmental organization established in 1989 by members of the (then) G7 to develop standards around [[dido:public:ra:xapend:xapend.a_glossary:a:aml]]. It designs and promotes policies and standards to combat financial crime. It also actively monitors the AML efforts of its members to implement its recommendations and routinely assesses its effectiveness in the fight against [[dido:public:ra:xapend:xapend.a_glossary:m:money_laundering]] and terrorism funding. |
| In addition to its monitoring, the FATF produces two lists of jurisdictions that members believe are uncooperative with other jurisdictions in international efforts against money laundering (and terrorism financing). The “blacklist” is officially titled: High-Risk Jurisdictions subject to a Call for Action. The “graylist” is officially titled: the Jurisdictions under Increased Monitoring. | In addition to its monitoring, the FATF produces two lists of jurisdictions that members believe are uncooperative with other jurisdictions in international efforts against money laundering (and terrorism financing). The “blacklist” is officially titled: High-Risk Jurisdictions subject to a Call for Action. The “graylist” is officially titled: the Jurisdictions under Increased Monitoring. | ||
dido/public/ra/xapend/xapend.a_glossary/f/fatf.1648926265.txt.gz · Last modified: 2022/04/02 15:04 by nick
