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Glossary

FATF

Financial Action Task Force

The intergovernmental standard-setter for AML/CFT.

FATF issues the recommendations most national AML regimes are built on, and maintains lists of jurisdictions with strategic deficiencies. Its standards propagate into local rules rather than applying directly.

See also

AML

Regulatory framework and compliance programs.

CFT

The complement to AML programs.

Risk-based approach

Matching the depth of diligence to the level of risk.

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