Overview

Financial Action Task Force on Money Laundering


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(FATFML)

An organization founded in 1989 by the Organization for Economic Cooperation and Development to curtail the practice of laundering money, chiefly by persuading individual governments to legislate against it. Its policies have been codifed in the Forty Recommendations on money laundering and, more recently, in the Nine Special Recommendations on terrorist financing.

Subjects: Financial Institutions and Services — Accounting.


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