FATF 9 Special Recommendations on Terrorist Financing

Main Story:
Countering the financing of terrorism

To counter terrorist financing, the Financial Action Task Force released 9 recommendations which when combined with the 40 related to anti-money laundering, provide a core set of internationally recognised best practices to combat these crimes.

  • Ratify and implement UN instruments
  • Criminalise the financing of terrorism
  • Freeze and confiscate terrorist assets
  • Report suspicious transactions
  • Cooperate internationally to combat terrorism
  • License alternative remittance organisations
  • Validate money transfers
  • Ensure transparency of non-profit organisations
  • Assess cash couriers
FAFTSM.jpg