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40 new recommendations from GAFI (FATF). February 2012 Revision.

In February of 2012 the GAFI published a revision of the forty recommendations. These forty Recommendations set out the basic framework for antimoney laundering efforts They are designed to be of universal application and they cover the criminal justice system and law enforcement; the financial system and its regulation, and international cooperation.

DIRECTIVE 2006/70/EC OF THE EUROPEAN COMMISSION 1st August 2006

Which lays down the implementing measures for Directive 2005/60/EC of the European Parliament and Council as regards the definition of "politically exposed person" and the technical criteria for simplified customer due diligence procedures and for exemption on grounds of a financial activity conducted on an occasional or very limited basis.

DIRECTIVE 2005/60/EC OF THE EUROPEAN COUNCIL AND PARLIAMENT 26th October 2005

On the prevention of the use of the financial system for the purpose of money laundering and terrorist financing.

GAFI – The 40 Recommendations

9 Special Recommendations on Terrorist Financing

Wolfsberg Principles