Purpose of FATF Recs.
The FATF Recs. are an amalgamation of measures that
focus on:
•
Criminalisation of ML and TF
•
Setting up freezing, seizing and confiscation systems
•
Imposing preventative regulatory requirements on a number of
businesses and professions
•
Establishing a Financial Investigation Unit
•
Creating an effective supervisory framework
•
Setting up channels for domestic cooperation
