Saturday 11th January 2025
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FATF publishes guidance on prepaid cards, mobile payments and internet-based payment services

The Financial Action Task Force (FATF) has published guidance for countries and the private sector on how to apply a risk-based approach to implementing anti-money laundering and combating the financing of terrorism measures in relation
to prepaid cards, mobile payments and internet-based payment services. The guidance includes the following:

• an explanation of how new payment systems work;
• an examination of the risks involved in the provision of such services;
• the impact of regulation in respect of such services; and
• an examination of how such entities should be supervised and regulated.

Copies of the guidance and webpage are available.

http://www.fatf-gafi.org/media/fatf/documents/recommendations/Guidance-RBA-NPPS.pdf

http://www.fatf-gafi.org/documents/documents/rba-npps-2013.html


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