What do Financial Action Task Force (FATF)-style regional bodies do for their members to help...

Financial Action Task Force (FATF)-style regional bodies (FSRBs) are organizations that associate countries from the same region or that face similar challenges to combat money laundering and terrorist financing. FSRBs have the same objectives as the FATF, which are to set international standards and promote effective implementation of legal, regulatory and operational measures to prevent and combat money laundering and terrorist financing. One of the main functions of FSRBs is to provide technical assistance and training to their members in implementing the FATF recommendations, which are the global standards for anti-money laundering and counter-terrorist financing. FSRBs also conduct mutual evaluations of their members to assess their level of compliance with the FATF recommendations and provide follow-up reports and actions.

CAMS Study Guide, 6th Edition, Chapter 2, Section 2.11

Certification Candidate Handbook, Section 3.22

FATF website, About Us, FATF-StyleRegional Bodies3