FATF 40 Recommendations Summary PDF

## FATF 40 Recommendations | Group | Topic | Recommendation Number | |---|---|---| | I | AML/CFT Policies and Coordination * Assessing risks and applying a risk-based approach * National cooperation and coordination | 1 - 2 | | II | Money Laundering and Confiscation * Money laundering offe...

## FATF 40 Recommendations | Group | Topic | Recommendation Number | |---|---|---| | I | AML/CFT Policies and Coordination * Assessing risks and applying a risk-based approach * National cooperation and coordination | 1 - 2 | | II | Money Laundering and Confiscation * Money laundering offenses * Confiscation and provisional measures | 3 - 4 | | III | Terrorist Financing and Financing of Proliferation * Terrorist financing offenses * Targeted financial sanctions related to terrorism and terrorist financing * Targeted financial sanctions related to proliferation * Nonprofit organizations | 5 - 8 | | IV | Financial and Nonfinancial Institution Preventative Measures * Financial institution secrecy laws * Customer due diligence and recordkeeping * Additional measures for specific customers and activities * Reliance, controls, and financial groups * Reporting of suspicious transactions * Designated nonfinancial businesses and professions | 9 - 23 | | V | Transparency and Beneficial Ownership of Legal Persons and Arrangements * Transparency and beneficial ownership of legal persons * Transparency and beneficial ownership of legal arrangements | 24 - 25 | | VI | Powers and Responsibilities of Competent Authorities and Other Institutional Measures * Regulation and supervision * Operational and law enforcement * General requirements * Sanctions | 26 - 35 | | VII | International Cooperation * International instruments * Mutual legal assistance * Mutual legal assistance regarding freezing and confiscation * Extradition * Other forms of international cooperation | 36 - 40 |