Regional groups like the FATF
For the global dissemination of the International Standards against Money Laundering, the Financing of Terrorism and the Proliferation of Weapons of Mass Destruction (FATF Recommendations), nine regional groups of the FATF type (FATF) have been established.
The main task of the RGTF is to build systems for combating money laundering, terrorist financing and the proliferation of weapons of mass destruction in the respective regions.
FSRBs assess the AML / CFT systems of member states and develop recommendations for their improvement.
Regional groups are also researching typologies - the most common money laundering, terrorist financing and weapons of mass destruction schemes. Based on the results of typological studies, best practices are disseminated among the private sector, supervisory and regulatory bodies, law enforcement agencies and the scientific and expert community.
Some FSRBs coordinate with donors to provide technical assistance to their member states.
Regional groups like the FATF:
- Asia Pacific Group Against Money Laundering (ATG);
- East and South Africa Anti-Money Laundering Group (ESAAMLG);
- Central African Anti-Money Laundering Group (GABAK).
- Financial Action Task Force on Money Laundering in South America (GAFILAT);
- Financial Action Task Force on Money Laundering in the Middle East and North Africa (MENAFATF);
- Eurasian Group (EAG);
- Caribbean Financial Action Task Force on Money Laundering (CFATF);
- Council of Europe Committee of Experts on the Assessment of Measures against Money Laundering and the Financing of Terrorism;
- Intergovernmental Group against Money Laundering in West Africa (GIABA);
Functions similar to RGTF have Supervisory Group of International Financial Centers (GNMFC, formerly Offshore Banking Supervision Group).