Description: financial crime prevention - welcome page
compliance (2617) recommendations (225) aml (205) wolfsberg (56) cft (49) money laundering (49) rba (40) financial crime (16) fatf (8) risk-based approach (2)
Never let your sense of morals prevent you from doing what is right.
Isaac Asimov, Foundation
The coordinated efforts and activities in the field of Anti-Money Laundering (AML) accelerated in 1989 when the Group of Seven nations launched the Financial Actions Task Force FATF in Paris. FATF provides guidance to governmental bodies around the world. Other groups, established over the last 20 years, define standards for their target audience, like the Wolfsberg Group for large banks.