Financial Action Task Force

The FATF is, inter alia, engaged in:

* setting international standards to prevent money laundering and terrorist financing (AML/CFT standards) that are to be implemented in national legislation (The FATF Recommendations)

* conducting periodic evaluations to assess the extent to which countries comply with the AML/CFT standards. Periodic evaluations have also been carried out for the Netherlands, including “The Netherlands’ progress in strengthening measures to tackle money laundering and terrorist financing”  and “” The Netherlands' measures to combat money laundering and terrorist financing

* developing guidance documents and typology reports (Methods and Trends); 

* identifying countries with serious deficiencies in their systems to combat money laundering and terrorist financing ( High-risk and other monitored jurisdictions).

The FATF has also issued various guidelines intended to support financial institutions in applying the risk-based approach to AML/CFT. These guidelines assist institutions in assessing money laundering and terrorist financing risks and in implementing the associated risk mitigation measures.