Search results
Results from the WOW.Com Content Network
FATF works with nation-states to bring legislative changes and regulatory reforms in the aforementioned sectors. [4] In addition, the FATF also provides policy recommendations that meet international standards to countries for combating money laundering and the financing of terrorism and the proliferation of weapons of mass destruction.
FATF was formed at the 1989 G7 Summit in Paris to combat the growing problem of money laundering. The task force was charged with studying money laundering trends, monitoring legislative, financial and law enforcement activities taken at the national and international level, reporting on compliance, and issuing recommendations and standards to combat money laundering.
In this list of financial regulatory and supervisory authorities, central banks are only listed where they act as direct supervisors of individual financial firms, and competition authorities and takeover panels are not listed unless they are set up exclusively for financial services.
The following is a list of the major existing intergovernmental organizations (IGOs). For a more complete listing, see the Yearbook of International Organizations , [ 1 ] which includes 25,000 international non-governmental organizations (INGOs), excluding for-profit enterprises, about 5,000 IGOs, and lists dormant and dead organizations as ...
Formed in 1989 by the G7 countries, the Financial Action Task Force on Money Laundering (FATF) is an intergovernmental body whose purpose is to develop and promote an international response to combat money laundering. The FATF Secretariat is housed at the headquarters of the OECD in Paris. In October 2001, FATF expanded its mission to include ...
The Financial Action Task Force (FATF) was formed. 16th: 9–11 July 1990 United States: George H. W. Bush: Houston, Texas: 17th: 15–17 July 1991 United Kingdom: John Major: London, England: 18th: 6–8 July 1992 Germany: Helmut Kohl: Munich, Bavaria: The first G7 summit in reunified Germany. 19th: 7–9 July 1993 Japan: Kiichi Miyazawa ...
It is a permanent monitoring body of the Council of Europe, with 35 member states and jurisdictions out of which 32 are assessed exclusively by MONEYVAL. According to Article 2 of its Statute, evaluations cover member states of the Council of Europe which are not members of the Financial Action Task Force (FATF) (28 states). Through decisions ...
Financial Action Task Force (FATF) is an intergovernmental organisation which has established 40 recommendations and functions as a "standard setter" to promote effective measures against money laundering and financing of terrorism, among other things. FATF evaluates its member states to guarantee the established recommendations are being followed.