14 February 2017 — Publication
Professional accountants are a vital part of ensuring that money launderers cannot integrate their ill-gotten gains into the financial system. With this factsheet, we aim to better prepare national professional accountancy bodies (such as our member organisations) when asked to assist in Mutual Evaluations by the Financial Action Task Force.
The Financial Action Task Force (FATF) is an inter-governmental body that develops recommendations to fight money laundering and terrorism financing. It uses Mutual Evaluations to assess countries’ compliance with these recommendations.