Financial Action Task Force Recommendations

The Financial Action Task Force (FATF) Recommendations are international guidelines designed to prevent money laundering and terrorist financing. They set standards for how countries should regulate financial institutions, monitor transactions, and enforce laws to identify and stop illegal activities. These recommendations promote transparency, encourage cooperation between countries, and ensure that financial systems are not used for criminal purposes. Adhering to FATF standards helps countries protect their economies and maintain the integrity of the global financial system.