Following the Financial Action Task Force (FATF) plenary meeting, a best practices paper on the use of the FATF recommendations to combat corruption has been published.

FATF has identified a number of jurisdictions which have deficiencies in their strategies for anti-money laundering and combating the financing of terrorism (AML/CTF) and is working with each jurisdiction in order to help to combat corruption.The recommendations in the best practices paper aim to facilitate the detection, tracing and confiscation of corruption proceeds by giving guidance to policy makers and practitioners.

In addition, FATF approved and published typologies reports concerning:

• terrorist financing in West Africa;
• the role of hawala and other similar service providers in money laundering and terrorist financing; and
• money laundering and terrorist financing through trade in diamonds.

Copies of the outcomes from the FATF plenary meeting; http://www.fatf-gafi.org/documents/documents/plenary-outcomes-oct-2013.html

The public statement on jurisdictions with AML/CTF deficiencies; http://www.fatf-gafi.org/documents/documents/fatf-public-statement-oct-2013.html

The page on improving global AML/CTF compliance ; http://www.fatf-gafi.org/documents/documents/fatf-compliance-oct-2013.html

The best practices paper on the use of the FATF recommendations to combat corruption; http://www.fatf-gafi.org/media/fatf/documents/recommendations/BPP-Use-of-FATF-Recs-Corruption.pdf

and

The related webpage are available. http://www.fatf-gafi.org/topics/corruption/documents/bpp-fatfrecs-corruption.html

The typologies reports will be made available in the coming weeks.