FATF's 40 Recommendations

The FATF's 40 Recommendations are international guidelines designed to combat money laundering and terrorist financing. They outline best practices for countries to detect, prevent, and punish illegal financial activities. This includes measures like knowing your customers, monitoring transactions, reporting suspicious activity, and cooperating with other nations. The goal is to strengthen the global financial system’s integrity, making it harder for criminals to use financial institutions for illegal purposes. By following these recommendations, countries can better prevent their financial systems from being exploited and ensure transparency and security in international finance.