What are the FATF Recommendations and how do they affect our Members?

The FATF Recommendations are a set of standards designed to provide a comprehensive plan against money laundering, terrorist financing and the financing of proliferation of weapons of mass destruction. Initially issued in 1990, when they targeted money laundering, the Recommendations have evolved to cover emerging threats. For the history of the FATF and the Standards, please visit: http://www.fatf-gafi.org

If Members do not comply with FATF Recommendations they can be sanctioned in accordance with the CFATF procedures. Sanctions can include a letter describing the importance of complying; being included in a Public Statement which can severely hinder its international and specially financial relations and  ultimately being suspended or terminated as a Member.