Long abstract

The use of cash couriers is now recognised as a major method for terrorists to move funds.  To address this issue, the Financial Action Task Force (FATF) issued Special Recommendation IX and its Interpretative Note which were developed with the objective of preventing terrorists and other criminals from using cash couriers to finance their activities or launder their funds. 

While the Interpretative Note is intended to further explain the obligations set out in Special Recommendation IX, this Best Practices Paper is intended to give additional details and guidance for jurisdictions on how to detect cash couriers and how to implement effective measures to prevent the use of cash couriers by terrorists and other criminals.