FATF recommendations

THE FATF RECOMMENDATIONS:: Total 40

A – AML/CFT POLICIES AND COORDINATION

1 - Assessing risks & applying a risk-based approach *

2 - National cooperation and coordination

B – MONEY LAUNDERING AND CONFISCATION

3 Money laundering offence *

4 Confiscation and provisional measures *

C – TERRORIST FINANCING AND FINANCING OF PROLIFERATION

5 Terrorist financing offence *

6 Targeted financial sanctions related to terrorism & terrorist financing *

7 Targeted financial sanctions related to proliferation *

8 Non-profit organisations *

D – PREVENTIVE MEASURES

9 Financial institution secrecy laws

Customer due diligence and record keeping

10 Customer due diligence *

11 Record keeping

Additional measures for specific customers and activities

12 Politically exposed persons *

13 Correspondent banking *

14 Money or value transfer services *

15 New technologies

16 Wire transfers *

Reliance, Controls and Financial Groups

17 Reliance on third parties *

18 Internal controls and foreign branches and subsidiaries *

19 Higher-risk countries *

Reporting of suspicious transactions

20 Reporting of suspicious transactions *

21 Tipping-off and confidentiality

Designated non-financial Businesses and Professions (DNFBPs)

22 DNFBPs: Customer due diligence *

23 DNFBPs: Other measures *

THE FATF RECOMMENDATIONS

INTERNATIONAL STANDARDS ON COMBATING MONEY LAUNDERING AND THE FINANCING OF TERRORISM & PROLIFERATION

 2012 OECD/FATF 5

E – TRANSPARENCY AND BENEFICIAL OWNERSHIP

OF LEGAL PERSONS AND ARRANGEMENTS

24 Transparency and beneficial ownership of legal persons *

25 Transparency and beneficial ownership of legal arrangements *

F – POWERS AND RESPONSIBILITIES OF COMPETENT AUTHORITIES

AND OTHER INSTITUTIONAL MEASURES

Regulation and Supervision

26 Regulation and supervision of financial institutions *

27 Powers of supervisors

28 Regulation and supervision of DNFBPs

Operational and Law Enforcement

29 Financial intelligence units *

30 Responsibilities of law enforcement and investigative authorities *

31 Powers of law enforcement and investigative authorities

32 Cash couriers *

General Requirements

33 Statistics

34 Guidance and feedback

Sanctions

35 Sanctions

G – INTERNATIONAL COOPERATION

36 International instruments

37 Mutual legal assistance

38 Mutual legal assistance: freezing and confiscation *

39 Extradition

40 Other forms of international cooperation