Chinese name Financial Action Task Force on Money Laundering set up Tel: 1989.

Mbth financial action task force on money laundering -FATF

Place of establishment: Paris

The Financial Action Task Force on Money Laundering (FATF) is an intergovernmental international organization established by seven western countries in Paris on 1989, aiming at studying the dangers of money laundering, preventing money laundering and coordinating actions among anti-money laundering countries.

It is one of the most influential international anti-money laundering and anti-terrorist financing organizations in the world, and its member countries are located in major financial centers on all continents.

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On June 5438+ 10, 2005, Mr Jean-Louis Fort, the rotating chairman of the 6th/kloc-0 financial action task force on money laundering, wrote to Zhou Xiaochuan, governor of the people's bank of China, inviting China to become an observer of FATF.

In February of the same year, a delegation of the China government, composed of the People's Bank of China, the Supreme People's Court, the Supreme People's Procuratorate, the Ministry of Foreign Affairs and the Ministry of Public Security, participated in the plenary meeting of the Financial Action Task Force on Money Laundering held in Paris for the first time.

On June 5438+065438+ 10, 2006, the Financial Action Task Force (FATF) conducted a comprehensive on-site assessment of China's anti-money laundering and anti-terrorist financing work against the latest standards recommended by FATF +9.

On June 28th, 2007, local time, the plenary meeting of the Financial Action Task Force held in France unanimously agreed that China would become a full member of the organization.

form

Eurasian Anti-Money Laundering and Counter-Terrorism Financing Group (EAG) is one of the seven regional anti-money laundering and counter-terrorism financing international organizations confirmed by the Financial Action Task Force.

Founded in Moscow in June 2004, it is the largest and most populous regional international organization against money laundering and terrorist financing in the world.

It includes six member countries: Russia, China, Kazakhstan, Kyrgyzstan, Tajikistan and Belarus, and 65,438+09 observers from Italy, France, Britain, the United States, Japan and Germany, the Financial Action Task Force, the World Bank, the International Monetary Fund, the Shanghai Cooperation Organization and Interpol.

In February of 65438+, Uzbekistan was accepted as the seventh full member of EAG. From 5 June to 38 February 2007, India, Turkmenistan and Poland were admitted as observers of EAG.

meaning

Anti-money laundering is of great significance for maintaining the stable operation of the financial system, maintaining social justice and market competition, and cracking down on economic crimes such as corruption.

Money laundering is a serious economic crime, which not only undermines the principle of fairness and justice in economic activities, orderly competition in market economy, the reputation and normal operation of financial institutions, but also threatens the security and stability of the financial system.

In addition, money laundering is linked to serious criminal crimes such as drug trafficking, smuggling, terrorist activities, corruption and tax evasion, which poses a serious threat to a country's political stability, social stability, economic security and the security of the international political and economic system.

After the "9 1 1" incident, the international community has deepened its understanding of the dangers of money laundering, and has also incorporated the fight against terrorist financing into the overall framework of combating money laundering.

In view of the current situation of anti-money laundering and anti-terrorism activities at home and abroad, the China government intensified its anti-money laundering efforts in 2003. The People's Bank of China has also strengthened its anti-money laundering work from the aspects of organizational structure and system construction, and strengthened supervision.

target

FATF focuses on achieving the following three goals:

(1) Promote anti-money laundering information to all countries and regions in the world. FATF promotes the establishment of a global anti-money laundering network by expanding its membership, developing regional anti-money laundering organizations in different regions and working closely with other relevant international organizations.

(2) Supervise FATF members to implement the forty recommendations. All members monitor the implementation of 40 recommendations through annual self-assessment and bilateral assessment.

(3) Pay attention to and review the development trend of money laundering and anti-money laundering measures. In view of the rapid development of money laundering, FATF members should collect information about the development trend of money laundering, so that FATF can revise 40 recommendations in time and effectively control money laundering.

2 Achieve results

As the most effective international anti-money laundering organization, FATF has made a series of remarkable achievements since its establishment. Mainly reflected in the following three aspects:

(1) formulated Forty Recommendations on Anti-Money Laundering and Review Opinions on Forty Recommendations on Anti-Money Laundering.

Forty Recommendations on Anti-Money Laundering are regarded as the basis for countries to formulate their own anti-money laundering legal systems, while the Review Opinions on Forty Recommendations on Anti-Money Laundering provide guidance for countries to follow the Forty Recommendations on Anti-Money Laundering.

(2) Eight Special Recommendations on Combating the Financing of Terrorism

This proposal provides suggestions for combating terrorism and money laundering in the international scope.

(3) Publish the list of uncooperative countries and regions.

In 2000, FATF published the standards of 25 non-cooperative countries and regions, and the first batch of non-cooperative countries and regions was published in the same year.

Once entering the list of uncooperative countries and regions, if effective measures are not taken, the country or region will face FATF's countermeasures, and will be restricted in attracting foreign investment and national settlement, thus suffering economic losses.