FATF Mission

Chapter 3 page 23

FATF reviews its mission every five years and has been in existence since 1989. In 2004, representatives from the 33 FATF members agreed to extend the mandate of the FATF until 2012.

In this context, the Know Your Client rule takes on extra meaning. Meeting your legal, ethical, and professional responsibilities is more than good business. It is an essential service you provide to protect the industry and yourself, your clients and your firm.

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