Report on Outcome of FATF Plenary Meeting and Endorsement of Methodology for Assessing Compliance with Anti-Money Laundering and Combating Financing of Terrorism Standard 12884-(02/114)

Selected Decisions and Selected Documents of the IMF, Thirty- Third Issue -- Report on Outcome of FATF Plenary Meeting and Endorsement of Methodology for Assessing Compliance with Anti-Money Laundering and Combating Financing of Terrorism Standard

Prepared by the Legal Department of the IMF
As updated with decisions adopted during the first quarter of 2009 (posted July 2009)

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ARTICLE V, SECTION 2(b)

Technical and Financial Services

Technical Services

REPORT ON OUTCOME OF FATF PLENARY MEETING AND ENDORSEMENT OF METHODOLOGY FOR ASSESSING COMPLIANCE WITH ANTI-MONEY LAUNDERING AND COMBATING FINANCING OF TERRORISM STANDARD

Executive Directors take note that the conditions set forth in BUFF/02/122¹ are met and add the FATF 40+8 Recommendations to the list of areas and associated standards and codes useful to the operational work of the Fund for which assessments will be undertaken and reports on the Observance of Standards and Codes (ROSCs) will be prepared.

Executive Directors endorse the comprehensive and integrated methodology that was endorsed at the FATF October 2002 Plenary. (SM/02/349, 11/8/02)

Decision No. 12884-(02/114),
November 15, 2002

¹ Ed. Note: See Summing Up by the Acting Chair-Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT)-Proposals to Assess a Global Standard and to Prepare ROSCs, EBM/ 02/80, July 26, 2002, at p. 126.

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