FATF Recommendations

The FATF (Financial Action Task Force) Recommendations are a set of guidelines designed to help countries combat money laundering and the financing of terrorism. These recommendations outline standards for governments and financial institutions to follow, such as monitoring financial transactions, improving transparency, and enforcing strict penalties for violations. By implementing these practices, nations can better detect and prevent illicit financial activities, protect their economies, and promote global financial integrity. The goal is to create a coordinated international response to financial crime, enhancing security and trust in financial systems worldwide.