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Financial Action Task Force

The FATF-GAFI website serves as the online platform for the Financial Action Task Force (FATF), an international organization focused on combating money laundering, terrorist financing, and other related threats to the integrity of the global financial system. The website presents comprehensive information about the FATF's mission, objectives, and activities, including its recommendations and standards that countries are expected to address in their national legal and regulatory frameworks. Additionally, the site offers updates on the FATF's ongoing work, events, publications, and resources aimed at promoting understanding and effective implementation of anti-money laundering and counter-terrorism financing measures.

fatf-gafi.orgThe Financial Action Task Force (FATF) is updating its Guidance on the risk-based approach to virtual assets (VAs) and virtual asset service providers (VASPs).

Countries that are blacklisted can face serious consequences, such as being shut out of the global financial system.upsccolorfullnotes.comOne of the most important functions of the FATF is to create a blacklist of countries that do not meet its anti-money laundering standards.

semanticscholar.orgMost explanations of the Financial Action Task Force argue that material coercion plays a key role in the consolidation and diffusion of the global anti-money laundering regime.

  • Encrypted
    Site is Encrypted

  • Country
    Hosted in United States

  • Traffic rank
    #18,106 Site Rank

  • Site age
    23 yrs old

  • Site Owner information
    Whois info

Website is Safe
Site is not blacklisted

  • Headquarters
    Paris,,,France

  • President
    T Raja Kumar

  • Purpose
    Combat,money laundering,and,terrorism financing

  • Region served
    Europe

  • Membership
    39

  • Official language
    English,,,French

  • Abbreviation
    FATF

  • Formation
    1989

Traffic rank
#18,106
Site age
23 yrs
Location
United States
Popular Questions for Financial Action Task Force
What is the significance of a country being removed from the FATF blacklist? Being removed from the FATF blacklist indicates that a country has made significant progress in implementing anti-money laundering and counter-terrorist financing measures, and is seen as a positive development for the country's reputation and economic prospects.
What is FATF and how does it work? FATF, or the Financial Action Task Force, is an intergovernmental organization that was established in 1989 to combat money laundering and the financing of terrorism. It works by setting international standards and guidelines for member countries to follow in order to combat financial crime.
How does FATF assess the compliance of its member countries with its standards? FATF conducts periodic peer review assessments of member countries' compliance with its standards. During these assessments, FATF evaluates the effectiveness of each country's anti-money laundering and counter-terrorist financing measures, and identifies areas for improvement.
How does FATF collaborate with other international organizations in combating financial crime? FATF collaborates closely with other international organizations, such as the United Nations, the World Bank, and the International Monetary Fund, to coordinate global efforts to combat financial crime. These partnerships help ensure that anti-money laundering and anti-terrorist financing measures are consistent and effective across different regions and industries.
What is the ultimate goal of FATF in combating financial crime? The ultimate goal of FATF is to create a global financial system that is free from money laundering and the financing of terrorism. Its work is vital for protecting the integrity of the global financial system, promoting economic stability and security, and safeguarding national security interests.
Newest job postings for Financial Action Task Force
On Countering the Financing of Terrorism, with the operational...
via Indeed posted_at: 18 hours ago
Result of Service Building on past achievements under the CFT Programme and in close coordination with donor, the consultant is expected to provide guidance, advice, and support on virtual assets in both Russian and English language... Work Location Home based Expected duration 8 months Duties and Responsibilities Background and rationale The United Nations Security Council adopted resolution 2462 (2019), which served as a landmark call from Result of Service

Building on past achievements under the CFT Programme and in close coordination with donor, the consultant is expected to provide guidance, advice, and support on virtual assets in both Russian and English language...

Work Location

Home based

Expected duration

8 months

Duties and Responsibilities
Background and rationale

The United Nations Security Council adopted resolution 2462 (2019), which served as a landmark call from the United Nations to all Member States on the urgency to suppress terrorist financing. The resolution constituted an important step forward in the international community's efforts against terrorism financing by consolidating existing obligations in a single document, expanding the focus to include key emerging issues, and emphasizing the importance of strengthening international cooperation to ensure the exchange of relevant, adequate, and timely financial intelligence. The importance of countering terrorism financing is also emphasized in the United Nations Global Counter-Terrorism Strategy and in its biennial review resolutions, which encourage UN entities to continue to assist the Member States upon their request to fully implement their respective international obligations to combat the financing of terrorism.

The UNOCT-UNCCT Global Coordinated Programme on Detecting, Preventing and Countering the Financing of Terrorism (the CFT Programme) aims to help strengthen Member States' capacities to detect, prevent and counter the financing of terrorism, following relevant Security Council and General Assembly resolutions and the Financial Action Task Force (FATF) Recommendations.

DUTIES AND RESPONSIBILITIES

Under the supervision of the UNOCT-UNCCT Programme Manager and in coordination with the donor (s), the consultant would undertake the following responsibilities:
• Support the organization of two or three events on counter-terrorism and virtual assets – both online and in-person.
• Draft and develop a knowledge product based off the outcome of above events, and additional research, on the topic of countering the use virtual assets, such as cryptocurrencies, to finance terrorism.
• Support consultations and exercises with Member States that are member jurisdictions of the Eurasian Group on AML/CFT (EAG).
• Draft final donor report and support Programme Manager efforts to further resource mobilize for sustainability.
• Implement all relevant factors, advice and recommendations laid out in relevant Sustainable Development Goals (SDG), in particular SDG 16.

Qualifications/special skills

Education: Advanced University Degree (Master's or equivalent) in international relations, economics, or law, with emphasis or specialization in international law, international financial flows, or domestic financial regulatory regimes. A combination of relevant academic qualifications and extensive practical experience may be accepted in lieu of an advanced university degree.

: Proven publication or part of an academic community in the subject matter is required.

At least 10 years' experience in the field of countering financial crimes and terrorist financing in the financial intelligence unit, financial examinations, banking, IT systems development, and project management, either as a practitioner in the sector, or regulator, supervisor, and investigator in the law enforcement agencies or similar experience.

At least 7 years of progressively responsible experience in the financial intelligence unit, financial crimes examinations, and countering financing terrorism is desired. Experience in working with relevant United Nations bodies and other key multilateral forums, including FATF and its standards and FATF-Style Regional Bodies (FSRBs), and understanding the implementation and requirements of UN-mandated sanctions. Experience in research and analysis related to the role of the private sector in the fight against terrorism. Experience in working with national finance and treasury officials, offices of the attorneys-general, judges, lawyers, private sector entities, and law enforcement officials is desirable.

Languages

Languages: Proficiency in English and Russian

No Fee

THE UNITED NATIONS DOES NOT CHARGE A FEE AT ANY STAGE OF THE RECRUITMENT PROCESS (APPLICATION, INTERVIEW MEETING, PROCESSING, OR TRAINING). THE UNITED NATIONS DOES NOT CONCERN ITSELF WITH INFORMATION ON APPLICANTS’ BANK ACCOUNTS Show more details...
Director, Financial Crimes Risk Management
via Washington, DC - Geebo posted_at: 2 days agoschedule_type: Full-timesalary: 20–28 an hour
Job Summary: K2 Integrity is looking for a director or senior director for our Financial Crimes Risk Management (FCRM) practice. The director or senior director will work closely with the managing directors of the FCRM practice on a variety of financial crimes issues, primarily pertaining to anti-money laundering/combating the financing of terrorism (AML/CFT) issues, but also potentially... encompassing elements related to anti-bribery and corruption Job
Summary:
K2 Integrity is looking for a director or senior director for our Financial Crimes Risk Management (FCRM) practice. The director or senior director will work closely with the managing directors of the FCRM practice on a variety of financial crimes issues, primarily pertaining to anti-money laundering/combating the financing of terrorism (AML/CFT) issues, but also potentially... encompassing elements related to anti-bribery and corruption (ABC) and anti-fraud matters. The director or senior director would be charged with leading and working with cross-functional teams on diverse projects, including risk assessments, monitorships, investigations, and advisory services, and would also be called upon to interface with regulatory authorities, develop and deliver internal and client-facing substantive training, and contribute thought leadership through drafting proactive white papers and policy alerts as well as participating in industry events and conferences The ideal candidate will have experience with U.S. (e.g., Bank Secrecy Act, Anti-Money Laundering Act, USA PATRIOT Act, and Foreign Corrupt Practices Act) and international AML/CFT and ABC regimes, including the UK and EU regimes, as well as global standards from organizations such as the Financial Action Task Force (FATF) and the Wolfsberg Group. The ideal candidate will also possess strong writing and editing skills, with the ability to understand financial crimes compliance risks and recommend mitigation strategies. Candidates should also excel at identifying and advising clients about gaps in their existing compliance programs or--in the case of government clients--compliance-related laws, regulations, and supervisory frameworks. In addition, candidates should be comfortable with public speaking as this role may be called upon to act as a faculty member in K2 Integrity's ongoing training services or to participate in webinars or industry events. Responsibilities Develop, draft, and review AML/CFT, ABC, and anti-fraud policies and procedures for banks, money services businesses, FinTech and payments companies, cryptocurrency firms, corporations, and others to ensure consistency with legal obligations and regulatory expectations. Develop, draft, and review AML/CFT, ABC, and anti-fraud laws and regulations and supervisory frameworks and help foreign governments prepare for international evaluations related to these topics. Work with associate managing directors and managing directors to design and implement qualitative and quantitative financial crimes compliance risk assessment methodologies and provide advice about risk-mitigation strategies for banks, money services businesses, FinTech and payments companies, cryptocurrency firms, corporations, foreign jurisdictions, and others. Design and conduct AML, ABC, and anti-fraud trainings for compliance officers and foreign government agencies, particularly on topics related to payment and payment processors. Track and draft client alerts and other thought leadership pieces about emerging issues and new developments on topics related to U.S. and international AML/CFT, ABC, and fraud-related laws and regulations; industry and regulatory developments in payments, FinTech, and cryptocurrency; and the application of emerging technologies to financial crimes compliance. Collaborate with cross-functional teams to improve and develop new processes and to ensure efforts are efficient and synchronized across all channels. Use a high level of independent judgment to solve problems, escalating issues to senior management as necessary. Cultivate relationships with new and existing clients for continued business development. Support client engagement and business development efforts. Requirements Bachelor's degree required. Minimum five to seven years of professional experience in AML/CFT, ABC, or anti-fraud compliance at a financial institution; equivalent experience at a government or regulatory agency focused on these topics or at a law firm or big four consulting firm working on compliance engagements for these types of clients would also be acceptable. Subject-matter expertise in U.S. and international AML/CFT, ABC, and anti-fraud laws, regulations, and standards. Specialized experience in financial crimes compliance risk assessment, gap analysis, and policy remediation. Superior research, writing, and editing skills. Excellent analytical and organizational skills, with a high level of attention to detail. High levels of professionalism and self-motivation, together with a sense of urgency. Exceptional ability to multitask, prioritize projects, and meet deadlines with efficiency. Proficiency in Microsoft Office and/or experience in using other database applications. Prior training experience preferred. Ability to travel as needed.
Salary Range:
$150K -- $200K
Minimum Qualification
Risk & Quantitative AnalysisEstimated Salary: $20 to $28 per hour based on qualifications Show more details...
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