Money Laundering Scam

F.A.T.F. has developed 40 recommendations on money laundering and 9 special recommendations regarding terrorist 1 financing. F.A.T.F. assesses each member country against these recommendations in published reports. Countries seen as not 2 being sufficiently compliant with such recommendations are subjected to financial sanctions. 40 3

F.A.T.F. ’s three primary functions with regard to money laundering are: 4

1. Monitoring members’ progress in implementing anti – money laundering measures. 2. Reviewing and reporting on laundering trends, techniques, and countermeasures.

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3. Promoting the adoption and implementation of F.A.T.F. anti – money laundering standards globally. 7

The F.A.T.F. currently comprises 34 member jurisdictions and 2 regional organizations, representing most major financial 8 centers in all parts of the globe: 9

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Argentina Australia Austria Belgium

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Brazil

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Canada

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China

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Denmark

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European Commission

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Finland France

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Germany

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Greece

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Gulf Co-operation Council

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Hong Kong

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Iceland

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India

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Ireland

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Italy

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Japan

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Kingdom of the Netherlands

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Luxembourg

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Mexico

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New Zealand

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Norway Portugal

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Republic of Korea Russian Federation

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Singapore

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South Africa

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Spain

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Sweden

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Switzerland

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Turkey

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United Kingdom

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United States

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40 Financial Action Task Force. "Mission". Retrieved 1 March 2011.

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Copyright Sovereignty Education and Defense Ministry, http://sedm.org Form 05.044, Rev. 10-2-2013

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