The Financial Action Task Force (“FATF”) through its recommendations aims to establish and promote standards to fight money laundering, financing of terrorism and proliferation of massive destruction arms, as well as any other threat to the international financing system. Said recommendations are a series of standardized directions that must be implemented according to the characteristics of each jurisdiction so preventive measures are applied on the financial sector, international cooperation becomes easier and the transparency and availability of information on the ownership of persons and legal structures benefits is improved.
The list has 40 recommendations among which it is important to list the following:
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