The FATF Recommendations are international standards on combating money laundering, terrorist financing and proliferation financing issued by the Financial Action Task Force.
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- The Financial Action Task Force Recommendations set out a comprehensive set of measures that countries are expected to implement to counter money laundering and terrorist financing. They cover preventive measures, supervision and international cooperation.
- The standards are subject to mutual evaluation, in which countries assess each other’s compliance. Guidance has extended the standards to virtual assets and virtual asset service providers, including the travel rule for transfer information.