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Combating Terrorist Financing in Maldives
The Financial Action Task Force (FATF) has been working tirelessly to combat terrorist financing in the Maldives, a small island nation in South Asia. The FATF, an intergovernmental organization, aims to prevent and counter money laundering, terrorist financing, and other related threats to the international financial system.
What We Do
The FATF’s mandate is to set standards and promote effective implementation of anti-money laundering (AML) and counter-terrorist financing (CFT) measures globally. The organization works closely with its member countries, including the Maldives, to assess their AML/CFT regimes and provide guidance on best practices.
Outcomes of Meetings
In recent meetings, the FATF has emphasized the importance of implementing robust AML/CFT measures in the Maldives, given its vulnerability to terrorist financing. The organization has urged the country to:
- Strengthen its regulatory framework
- Enhance international cooperation
- Improve the transparency of financial transactions
Ministerial Declarations
The FATF’s Ministerial Declaration highlights the critical role that countries like the Maldives play in preventing the misuse of their financial systems for terrorist financing. The declaration emphasizes the need for continued cooperation between:
- Governments
- Private sector
- Civil society
to combat this threat.
History of the FATF
Established in 1989, the FATF has been at the forefront of global efforts to combat money laundering and terrorist financing. Over the years, the organization has evolved its standards and guidance to address new threats and challenges in the financial landscape.
Job Opportunities
The FATF offers various job opportunities for professionals interested in working in the field of AML/CFT. The organization seeks talented individuals who can contribute to its mission of preventing and combating terrorist financing worldwide.
News
Stay up-to-date with the latest news and updates from the FATF on combating terrorist financing in the Maldives and around the world. Follow us on social media platforms like:
for the latest information and insights.
Contact Us
For more information or to contact us, please visit our website at www.fatf-gafi.org. You can also reach out to us through email at info@fatf-gafi.org.