Regulatory Alerts2002-06-07
Added · Updated
Guidance in Detecting Terrorist Financing
The Financial Action Task Force (FATF) issued this guidance to help financial institutions detect and deter transactions involving funds used for terrorist financing. The document outlines the characteristics of terrorist financing, including sources of funds and laundering techniques, to assist institutions in identifying suspicious activity. It advises that while this guidance does not create new legal obligations, institutions should use these factors to reinforce existing due diligence and reporting procedures.
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