FATF-Style Regional Bodies

FATF-style regional bodies (FSRBs) have been established for the purpose of disseminating the International standards on combating money laundering, financing of terrorism & proliferation (FATF Recommendations) throughout the world.

The main task of FSRBs is to set up systems for combating money laundering, financing of terrorism and proliferation in their respective regions. The FSRBs conduct evaluations of the AML/CFT systems of the member states and make recommendations for their improvement. The regional bodies are also involved in the study of typologies – the most common schemes for money laundering and financing of terrorism and proliferation.

Based on the results of typological researches, the best practices are disseminated to the private sector, supervisory and regulatory bodies, law enforcement and the scientific community. Some FSRBs coordinate providing technical assistance (TA) to their member states with TA donors. 

Nine FATF-Style Regional Bodies have been established.  The FATF-style regional bodies are:

  • Asia/Pacific Group on Money Laundering (APG) based in Sydney, Australia
  • Caribbean Financial Action Task Force (CFATF) based in Port of Spain, Trinidad and Tobago
  • Eurasian Group (EAG) based in Moscow, Russia
  • Eastern & Southern Africa Anti-Money Laundering Group (ESAAMLG) based in Dar-es-Salaam, Tanzania
  • Central Africa Anti-Money Laundering Group (GABAC) based in Libreville, Gabon
  • Latin America Anti-Money Laundering Group (GAFILAT) based in Buenos Aires, Argentina
  • West Africa Money Laundering Group (GIABA) based in Dakar, Senegal
  • Middle East and North Africa Financial Action Task Force (MENAFATF) based in Manama, Bahrain
  • Council of Europe Anti-Money Laundering Group (MONEYVAL) based in Strasbourg, France (Council of Europe)

References

FATF-style regional bodies, Eurasian Group.

FATF-style Regional Bodies (FSRBs), Asia Pacific Group.