Frequently Asked Questions
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The Financial Action Task Force (FATF) is an inter-governmental body whose purpose is the development and promotion of national and international policies to combat money laundering and terrorist financing. The FATF is therefore a 'policy-making body' that works to generate the necessary political will to bring about legislative and regulatory reforms in these areas. The FATF has published 40 + 9 Recommendations in order to meet this objective. More...
All publications and documents
What's new
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19-Dec-2011
During his speech at the 37th MONEYVAL Plenary Meeting in Strasbourg, FATF President Giancarlo del Bufalo, highlighted the important role that MONEYVAL plays in the global AML/CFT network as one of the senior, and consistently well-performing, FATF associated members.
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29-Nov-2011
In his address to the CFATF Ministerial Meeting on 25 November 2011, FATF President Giancarlo del Bufalo, congratulated CFATF on the significant progress made in improving its performance, but stressed that this reform process needs to continue as much work remains to be done.
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21-Nov-2011
At its 16th meeting of the Technical Commission / Plenary, in Lomé, Togo held on 15 and 16 November 2011, the Intergovernmental Action Group against Money Laundering in West Africa (GIABA) issued a public statement regarding the deficiencies in the AML/CFT regime in Sierra Leone.
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28-Oct-2011
The Chairman's summary provides an overview of the major outcomes of the FATF Plenary meeting, during which the FATF approved the follow-up report to the mutual evaluation of Greece and statements concerning Argentina and Bangladesh as well as an update on AML/CFT improvements in the Ukraine.
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28-Oct-2011
In order to protect the financial system from money laundering and terrorist financing risk and as part of on-going efforts in this area, the FATF has identified and will work with jurisdictions with strategic AML/CFT deficiencies.
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08-Sep-2011
In his address to the ESAAMLG Council of Ministers Meeting, FATF President Mr. Del Bufalo acknowledged the progress made by ESAAMLG in advancing AML/CFT initiatives in the South and Eastern Africa Region but also highlighted some of the challenges that remained to improve implementation of the standards in the region.
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05-Sep-2011
The evaluation of anti-money laundering (AML) and combating the financing of terrorism (CFT) measures in place in the State of Kuwait concluded that their AML/CFT framework has many shortcomings. There is currently no significant money laundering or terrorist financing threat in the State of Kuwait, but given the development of their financial sector, this could potentially change. The full report of the Mutual Evaluation of the State of Kuwait is now available, the Executive Summary was published on 1 July 2011.
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10-Aug-2011
The level of compliance with the FATF Recommendations for the anti-money laundering and counter-terrorist financing regime of the Sultanate of Oman is comparatively high for the region, and the legal framework is sound. However, the overall effectiveness was noted to be lacking in some areas. The full report of the Mutual Evaluation of the Sultanate of Oman is now available, the Executive Summary was published on 1 July 2011.
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29-Jul-2011
In the larger framework of its work on corruption, the FATF has prepared a study on the links between corruption and money laundering. The report identifies key vulnerabilities within the current AML/CFT framework and discusses some of the obstacles to the recovery of corruption.
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21-Jul-2011
In recent years, there has been a growing concern over organised piracy on the high seas and kidnapping for ransom. These activities present a number of potential risks to the international financial system and challenges to the law enforcement and regulatory framework worldwide. The FATF has completed a study that provides an overview of this problem and analyses the related money flows.
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20-Jul-2011
FATF has carried out a study which describes the money flows related to trafficking of human beings and smuggling of migrants. This report attempts to assess their scale and provides red-flag indicators for the various destination / origin countries and different sectors.
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20-Jul-2011
On the occasion of the APG’s 14th Annual Meeting, hosted by India as co-Chair of the APG, the new FATF President, Mr. Giancarlo Del Bufalo, stressed the importance of compliance with international AML/CFT standards and outlined current work on the revision of the FATF Standards. He also highlighted FATF’s reliance on strong Associate Members, such as the APG, in order to ensure effective implementation of the these standards at a global level.
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30-Jun-2011
The FATF has prepared a Guidance paper to provide support to countries and their financial institutions in designing anti-money laundering and terrorist financing measures that meet the national goal of financial inclusion, without compromising the measures that exist for the purpose of combating crime.
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Review of the FATF Standards
FATF's Focus on Corruption
AML/CFT measures and financial inclusion
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