40 Recommendations
E92377
FATF standard
anti-money laundering standard
counter-terrorist financing standard
international standard
The 40 Recommendations are a globally recognized set of standards developed to combat money laundering, terrorist financing, and related financial crimes, serving as the core framework for countries’ anti–money laundering and counter-terrorist financing regimes.
Statements (50)
| Predicate | Object |
|---|---|
| instanceOf |
FATF standard
ⓘ
anti-money laundering standard ⓘ counter-terrorist financing standard ⓘ international standard ⓘ |
| abbreviation |
Financial Action Task Force
ⓘ
surface form:
FATF Recommendations
|
| alsoKnownAs |
Financial Action Task Force
ⓘ
surface form:
FATF 40 Recommendations
Financial Action Task Force ⓘ
surface form:
FATF Recommendations
|
| appliesToJurisdiction |
FATF member countries
ⓘ
FATF-style regional body members ⓘ non-member countries adopting FATF standards ⓘ |
| describes |
customer due diligence requirements
ⓘ
international cooperation and mutual legal assistance ⓘ record-keeping requirements ⓘ regulation and supervision of financial institutions ⓘ regulation of designated non-financial businesses and professions ⓘ risk-based approach to AML/CFT ⓘ sanctions and enforcement measures ⓘ suspicious transaction reporting ⓘ targeted financial sanctions related to terrorism and proliferation ⓘ transparency of beneficial ownership ⓘ |
| developer | Financial Action Task Force ⓘ |
| hasPart |
recommendations on international cooperation
ⓘ
recommendations on legal systems and institutional measures ⓘ recommendations on powers and responsibilities of competent authorities ⓘ recommendations on preventive measures for DNFBPs ⓘ recommendations on preventive measures for financial institutions ⓘ recommendations on transparency and beneficial ownership of legal persons ⓘ |
| inception | 1990 ⓘ |
| influenced |
European Union anti-money laundering directives
ⓘ
United Nations Convention against Transnational Organized Crime ⓘ
surface form:
United Nations AML/CFT-related instruments
|
| language | English ⓘ |
| mainSubject |
anti-money laundering
ⓘ
counter-terrorist financing ⓘ proliferation financing ⓘ |
| numberOfItems | 40 ⓘ |
| publisher | Financial Action Task Force ⓘ |
| purpose |
combat money laundering
ⓘ
combat proliferation financing ⓘ combat terrorist financing ⓘ promote international cooperation against financial crime ⓘ protect integrity of the financial system ⓘ |
| regulates |
implementation of targeted financial sanctions related to terrorism and proliferation
ⓘ
obligations of financial institutions to identify customers ⓘ obligations to report suspicious transactions to financial intelligence units ⓘ |
| significantEvent |
comprehensive revision in 2012
ⓘ
major revision in 1996 ⓘ major revision in 2003 ⓘ |
| subjectOf | FATF mutual evaluation reports ⓘ |
| usedAs |
basis for national AML/CFT legal frameworks
ⓘ
benchmark for FATF mutual evaluations ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.