Financial Action Task Force means the task force established by the Group of Seven, to develop and promote national and international policies to combat money laundering and terrorist financing;

Financial Action Task Force means the Financial Action Task Force on Money Laundering, an inter-governmental body, the purpose of which is the development and promotion of policies, at both national and international levels, to combat money laundering.

Financial Action Task Force means the inter-governmental body first established in 1989 by the G-7 Summit held in Paris, and whose present mandate includes the development, promotion and monitoring of national and international standards for detecting and combating money laundering, the financing of crime or terrorism and other emerging threats to the integrity of global financial systems.

Examples of Financial Action Task Force in a sentence

This definition corresponds to the term “beneficial owner” described in Recommendation 10 of the Financial Action Task Force Recommendations (as adopted in February 2012).
The term “Controlling Persons” must be interpreted in a manner consistent with the Financial Action Task Force Recommendations.
This definition corresponds to the term “beneficial owner” described in Recommendation 10 and the Interpretative Note on Recommendation 10 of the Financial Action Task Force Recommendations (as adopted in February 2012).
Cooperation in this area shall include administrative and technical assistance with the purpose of establishing suitable standards against money laundering equivalent to those adopted by the Community and international fora in this field, including the Financial Action Task Force (FATF).
The term ''Controlling Persons" must be interpreted in a manner consistent with the Financial Action Task Force Recommendations.

More Definitions of Financial Action Task Force

Financial Action Task Force means the inter-governmental body, of which Canada is a member, established in 1989 by the G-7 Summit held in Paris in 1989 and now responsible for combatting the threat posed by money laundering and terrorist financing and proliferation, and other related threats to the integrity of the international financial system;

Financial Action Task Force means the inter-governmental body whose purpose is the development and promotion of policies, both at national and international levels, to combat money laundering and terrorist financing;

Financial Action Task Force means the independent international standard setter which develops and promotes policies to protect the global financial system against money laundering, the financing of terrorism and the financing of proliferation of weapons of mass destruction, amongst others;

Financial Action Task Force means an independent inter -governmental body that develops and promotes the policies to protect the global financial system against money laundering, terrorist financing and financing for proliferation of weapons of mass destruction;

Financial Action Task Force means the independent international standard setter which develops and promotes policies to protect the global financial

Financial Action Task Force or “FATF”: intergovernmental body tasked with developing international standards on AML/FTP;

Financial Action Task Force means the task force established by the Group of Seven to develop and provide national and inter- national policies to combat money launder- ing and terrorist financing;