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HM Treasury

Financial Action Task Force (FATF) UK Voluntary Contribution

Disclaimer: The data for this page has been produced from IATI data published by HM Treasury. Please contact them if you have any questions about their data.

Project Data Last Updated: 07/10/2019

IATI Identifier: GB-GOV-hmtfitb-FATF-VC

Description

UK contribution to support to the Financial Action Task Force (FATF), the international standard setter for tackling money laundering, terrorist financing and proliferation financing, to increase the number of staff within its Global Network Coordination Group (GNCG). This enables GNCG to considerably increase its engagement with, and improve the quality of country assessments conducted by, the FATF-style regional bodies (FSRBs), and improve understanding of the FATF Standards among FSRB member countries. More robust, timely assessments and improved understanding of international AML/CTF/CPF standards drives more effective, more timely corrective measures around the world, leading to reduced opportunities for and improved law enforcement responses to financial crime. This additional engagement also enables and improves the effectiveness of other development interventions from other capacity building providers, including the International Monetary Fund, the World Bank, and others, as the regional institutional frameworks will be strengthened and knowledge of the FATF Standards will be increased.

Status - Implementation More information about project status
Project Spend More information about project funding
Participating Organisation(s) More information about implementing organisation(s)
Funding: HM Treasury
Implementing: Financial Action Task Force
Sectors

Sectors groups as a percentage of country budgets according to the Development Assistance Committee's classifications.

Budget

A comparison of forecast spend and the total amount of money spent on the project to date.