Supervision of Money Laundering and Terrorist Financing
This Note provides guidance for the supervision of the implementation by financial institutions (FIs) of their obligations to implement measures to combat money laundering and terrorist financing. Where applicable, this guidance could also apply to compliance with similar obligations by Designated Non-Financial Business and Professions (DNFBPs).
The Note focuses on the actions to be taken by supervisors to ensure implementation of these obligations. It provides an overview of the obligations placed on FIs and DNFBPs, but for detailed guidance, reference should be made to the FATF recommendations themselves, particularly recommendations 9 to 23 and the methodology for assessing compliance.