Financial Action Task Force (FATF) published a report highlighting how underground banking and hawala networks are evolving into sophisticated cross-border operations that can move illicit funds rapidly across jurisdictions.
Published
Signal category
Research & Knowledge
Quote
“A recent FATF report highlights how underground banking and hawala networks are evolving into sophisticated cross-border operations that can move illicit funds rapidly across jurisdictions.”
— Financial Action Task Force (FATF) team
Company
Financial Action Task Force (FATF)
Leading global action to fight money laundering and terrorist financing
- Industry
- International Affairs
- Location
- FR
- Company size
- 165 employees
The Financial Action Task Force (FATF) is an inter-governmental body established in 1989 by the Ministers of its Member jurisdictions. The objectives of the FATF are to set standards and promote effective implementation of legal, regulatory and operational measures for combating money laundering, terrorist financing and other related threats to the integrity of the international financial system. The FATF is therefore a “policy-making body” which works to generate the necessary political will to bring about national legislative and regulatory reforms in these areas. We are unable to respond to direct messages - please visit our website for further information about the FATF's work.
Founded 1989