June 2002
- Consulting with Canadians: Active Consultations -

Financial Action Task Force on Money Laundering

Review of the FATF 40 Recommendations

The Financial Action Task Force on Money Laundering (FATF) is the international body responsible for setting anti-money laundering and anti-terrorist financing standards. Canada is an active participant in the FATF and in the fight against money laundering, terrorist financing and other abuses of the global financial system.

The FATF recently published a document entitled, "Review of the FATF Forty Recommendations Consultation Paper," and has asked for public comment. The paper proposes options for strengthening task force recommendations, which have been endorsed by more than 130 countries and are widely accepted as the leading international anti-money laundering standard. However, since they were last revised in 1996, money laundering methods have changed and new technologies have been developed.

The Consultation Paper covers such topics as customer identification, suspicious transaction reporting and the application of anti-money laundering obligations to non-financial businesses and professions.

Closing date: 2002

Who may respond:

This consultation has now ended

Consultation documents:

• Review of the FATF Forty Recommendations.
• Review of the FATF Forty Recommendations Consultation Paper.
• FATF Releases Public Consultation Paper on the Review of the Forty Recommendations.
• The Forty Recommendations.

To respond, send your comments by e-mail or regular mail to the FATF Secretariat, along with a copy to the Department of Finance, to the addresses below:

Regular mail:

FATF Secretariat 
2, rue André-Pascal 
75775 Paris Cedex 
France

Financial Sector Division
Finance Canada
20^th Floor, East Tower
L’Esplanade Laurier
140 O’Connor Street
Ottawa, Ontario
K1A 0G5

Department of Finance Canada contact person:

Richard Lalonde
Chief, Financial Crime Section
Telephone: (613) 995-1814
Fax: (613) 943-8436
Lalonde.Richard@fin.gc.ca