FATF Recommendations definition

FATF Recommendations means the Recommendations of Financial Action Task Force as amended from time to time;

FATF Recommendations means the International Standards on Combating Money Laundering and the Financing of Terrorism & Proliferation, adopted by FATF, together with any guidance or supporting documentation published by FATF;

FATF Recommendations means the FATF Recommendations, Interpretive Notes and Glossary issued by the FATF in February 2012, incorporating such amendments as may from time to time be made to the Recommendations or such document or documents issued by the FATF as may supersede those Recommendations;

Examples of FATF Recommendations in a sentence

• I-1-3 MAS has given effect to UNSCRs as listed by the FATF Recommendations (2012) to be relevant to combating proliferation financing, by issuing Regulations.

• FC-1.9.3The conventional bank licensee must perform periodic reviews ensuring that any introducer on which it relies is in compliance with the FATF Recommendations.

• Please advise whether the jurisdiction in which the fund is domiciled complies with the Financial Action Task Force (FATF) Recommendations.

• Each country should take measures to ensure that persons or legal entities, including agents, that provide a service for the transmission of money or value, including transmission through an informal money or value transfer system or network, should be licensed or registered and subject to all the FATF Recommendations that apply to banks and non-bank financial institutions.

• I-1-3 MAS has given effect to UNSCRs as listed by the FATF Recommendations (2012) to be relevant to combating proliferation financing by issuing Regulations.

More Definitions of FATF Recommendations

FATF Recommendations means the Recommendations made by the Financial Action Task Force (“FATF”) which are recognised as the international standards in relation to AML/CFT;

FATF Recommendations means the Financial Action Task Force Recommendations, which are recognised as the global anti-money laundering (AML) and counter-terrorist financing (CFT) standard. These Recommendations set out a comprehensive and consistent framework of measures, which countries should implement in order to combat money laundering and terrorist financing, as well as the financing of proliferation of weapons of mass destruction.

FATF Recommendations means the 40 Recommendations set out in the Financial Action Task Force (“FATF”) document ‘International Standards on Combating Money Laundering and the Financing of Terrorism & Proliferation’, adopted by the FATF in February 2012;

FATF Recommendations means the applicable recommendations of Financial Action Task Force for combating money laundering and terror financing ;

FATF Recommendations means the FATF Recommendations adopted on 16th February 2012 and as amended up to the date of the making of this Order;

FATF Recommendations means the Forty Recommendations (incorporating the amendments of 22nd October 2004) of the FATF;

FATF Recommendations means the recommendations issued by the FATF from time to time relating to the prevention of money laundering and the financing of terrorism;