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What is the Financial Action Task Force?

From the FATF website:
"The Financial Action Task Force (FATF) is an inter-governmental body established in 1989 by the Ministers of its Member jurisdictions.  The objectives of the FATF are to set standards and promote effective implementation of legal, regulatory and operational measures for combating money laundering, terrorist financing and other related threats to the integrity of the international financial system.  The FATF is therefore a “policy-making body” which works to generate the necessary political will to bring about national legislative and regulatory reforms in these areas.

The FATF has developed a series of Recommendations that are recognised as the international standard for combating of money laundering and the financing of terrorism and proliferation of weapons of mass destruction.  They form the basis for a co-ordinated response to these threats to the integrity of the financial system and help ensure a level playing field.  First issued in 1990, the FATF Recommendations were revised in 1996, 2001, 2003 and most recently in 2012 to ensure that they remain up to date and relevant, and they are intended to be of universal application.

The FATF monitors the progress of its members in implementing necessary measures, reviews money laundering and terrorist financing techniques and counter-measures, and promotes the adoption and implementation of appropriate measures globally.  In collaboration with other international stakeholders, the FATF works to identify national-level vulnerabilities with the aim of protecting the international financial system from misuse."

Click here to go to the FATF website.

 

Highlights

  • Vacancy - Internal Audit

    04 October 2017

    The Financial Reporting Centre invites applications from suitable individuals to fill the post of Senior Manager, Internal Audit.  Detailed document is available in the dowloads section or directly through this link. Closing date is 17 Oct 2017.

     
  • Guidance on STR Reporting

    14 August 2017

    A new version of Guidance to Reporting Institutions on STR Reporting is now available in the download section.  You can also download it by clicking this link.

     
  • POCAMLA Act (Revised 2016)

    14 August 2017

    The Proceeds of Crime and Anti-Money Laundering Act 2009 (Revised 2016) is now available in the download section.  You can also download it by clicking this link.

     

International Organizations

Contacts

User: Director General
Address: Private Bag 
Nairobi
00200
Kenya
Email: info.frc@centralbank.go.ke
Phone: 254-2861600
Phone: http://www.frc.go.ke