The following are other regional and national stakeholders that play important roles in AML/CFT regime in any country except
Sequel to the September 11 terrorist attack, FATF Recommendations were expanded in 2001 to include;
In what year was the Financial Action Task Force (FATF) formed by G8?
The BCBS also plays an important role in AML/CFT compliance through its principles on;
National FIUs collect information on ……………………………………. from the financial industry and other entities or professions that are required to report transactions suspected of being money laundering and terrorist financing.
FIUs normally analyse the information received. If sufficient evidence of unlawful activity is found, the intelligence is passed to;
The current FATF 40 Recommendations makes the Risk Based Approach (RBA) a centrifugal force and added ………………………….. as part of the global themes.
In what year did FATF align its Recommendations from what was known as the 40+9 to only 40 Recommendations?
Apart from the major role of International Organization of Securities Commissions (IOSCO) which includes development, implementation and promotion of high standards of regulation for enhancing investors protection around the world, it also issues Anti-Money Laundering Guidance Notes for various areas relating to;
FATF was formed by G8 with the objective of;
