Financial Action Task Force Recommendations: Relevance & Application within Public & Private Sector Contexts (Event Resources)

  • Date Posted: March 22, 2012
  • Authors: Emery Kobor
  • Organizations: United States Department of the Treasury
  • Document Types: Tool, Other
  • Donor Type: Other US Government Agency

The Financial Action Task Force (FATF) is an independent inter-governmental body recognized by the G-20, the UN, the World Bank, and International Monetary Fund as the international standard-setting body for anti-money laundering (AML) and counter-terrorist financing (CFT) safeguards. The FATF and a global network of FATF-style regional bodies conduct periodic peer reviews to ensure adequate global implementation of the FATF Recommendations. Recently, the FATF has completed a revision of its 40 recommendations. Mr. Kobor will discuss these recommendations as well as how AML/CFT safeguards can be compatible with financial inclusion initiatives.