Financial Crime World

Here is the rewritten article in markdown format:

Anti-Money Laundering (AML) and Counter-Terrorist Financing (CFT) Guidelines and Reports

===========================================================

This article provides an overview of international, European, and national guidelines and reports related to AML/CFT. These documents aim to prevent money laundering and terrorist financing in various sectors.

International Guidelines

These guidelines are published by the Financial Action Task Force (FATF), a global body that sets standards for combating financial crime.

FATF Recommendations

  • February 2012: The original version of the FATF Recommendations, which provide a framework for countries to implement effective AML/CFT measures.
  • February 2023: An updated version of the Recommendations, incorporating new guidelines and best practices.
  • March 2023: This guidance provides recommendations for countries to effectively identify and verify beneficial ownership information for legal persons.

FATF Guidance on Risk-Based Supervision

  • March 2021: This guidance offers a framework for financial institutions to implement risk-based supervision, focusing on identifying and mitigating ML/TF risks.

European Guidelines

These guidelines are published by various European authorities, including the European Commission, the Joint Committee of the European Supervisory Authorities (EBA), and the European Banking Authority (EBA).

European Commission’s Supranational Risk Assessment Report

  • 2017: The first SNRA report, which assessed ML/TF risks in the EU.
  • 2019: An updated version of the SNRA report, identifying emerging trends and threats.
  • 2022: A further update to the SNRA report, incorporating new data and analysis.

Joint Committee of the European Supervisory Authorities’ AML/CFT Colleges Guidelines

  • December 2019: These guidelines provide recommendations for AML/CFT colleges in EU countries, focusing on collaboration and information sharing among supervisors.

European Banking Authority’s (EBA) Guidelines on ML/TF Risk Factors

  • January 2024: These guidelines identify key risk factors associated with money laundering and terrorist financing in the banking sector.

EBA’s Opinion on Money Laundering and Terrorist Financing Risks Affecting the EU’s Financial Sector

  • July 2023: This opinion highlights emerging ML/TF risks affecting the EU’s financial sector, including the impact of technological innovations.

National Guidelines

These guidelines are specific to individual countries or regions.

Belgium’s Law of 18 September 2017

  • A modified version of the law, incorporating elements of the fifth AML/CFT Directive (2018/843).

Regulation 2015/847 on Information Accompanying Transfers of Funds

  • This regulation provides requirements for information accompanying transfers of funds.

Other Reports and Opinions

These reports and opinions provide additional insights into AML/CFT risks and challenges.

FATF Mutual Evaluation Report of Belgium

  • February 2015: An assessment of Belgium’s compliance with international AML/CFT standards.

EBA’s Opinion on Financial Inclusion in the Context of the Invasion of Ukraine

  • April 2022: This opinion highlights the importance of financial inclusion in supporting vulnerable populations affected by conflict.

These guidelines, reports, and opinions offer a framework for implementing effective AML/CFT measures to prevent money laundering and terrorist financing in various sectors.