- Being a member
- CIMA Professional Development
- Members in Practice
- Members' Handbook
- Money laundering regulations
- Anti money laundering guidance
- Registering for supervision
- Registering with CIMA
- How supervision will take place
- HMRC and anti-money laundering supervision
- Customer due diligence
- PEPs and enhanced due diligence
- Keeping records
- Suspicious activity reporting to SOCA
- Forty recommendations of the Financial Action Task Force
- Risk based approach to anti-money laundering
- Reliance on other professionals' CDD
- Professional clearance letters
- TCSPs
- Regulation of TCSPs
- Phishing
- Legal professional privilege
- Practising accountants who leave CIMA
- Regulations for Channel Islands and Isle of Man
- Legislation in the Irish Republic
Forty recommendations of the Financial Action Task Force
The Financial Action Task Force (FATF) is an international intergovernmental body, based in Paris, which sets standards and develops policies to combat money laundering and terrorist financing.
FATF also identifies emerging trends and methods used to launder money, and suggests measures to combat them.
Every state must work with FATF to assess the implementation of its anti-money laundering and counter-terrorist financing standards.
It currently has:
- 33 members, comprising 31 countries and governments and two international organisations
- more than 20 observers
- five regional bodies
- more than 15 other international organisations or bodies.
FATF's forty recommendations are the international standard for effective anti-money laundering measures. The EU's directives, and the money laundering regulations and legislation of the UK and other governments, are based substantially on these recommendations.
FATF regularly reviews its members to check their compliance with the forty recommendations (as well as with the nine special recommendations on terrorist financing) and to suggest areas for improvement through mutual evaluations.
More information can be found on the FATF website.