Lesson 4 of 5

FATF: the anti-money laundering standard, mutual evaluations and what they mean for lenders

The anti-money laundering checks a lender makes, from verifying a new customer's identity to reporting a suspicious payment, trace back to the FATF Recommendations. This lesson explains where the Financial Action Task Force came from, what its forty Recommendations ask of financial institutions, why the standard now asks for proportionate rather than blanket measures, how mutual evaluations rate a market, with a worked example, and what the FATF lists mean for a lender.

Published 17 October 2026