—Globally, member countries are expected to
comply to the international standard on anti-money laundering
and anti-financing of terrorism proposed by the Financial
Action Task Force (FATF) money laundering activities are
monitored through the the stipulated recommendations The
paper analyzed the compliance rate among five chosen
countries (Canada, France, Spain, Mexico and Sweden) as
related to FATF 40+9 Recommendations especially on
Recommendations for Designated Non-Financial Businesses
and Professions (DNFBPs). This study also looks at factors
underlying the compliance among countries chosen. This
analysis will give better understanding on the level of
compliance among countries chosen.
—DNFBPs, AML/CFT, law enforcement.
Normah Omar is with the Accounting Research Institute, Universiti
Teknologi MARA, Malaysia (e-mail: email@example.com).
Cite: Normah Omar and Haslinn Hajudin, "FATF Recommendations Related to DNFBPs on Anti
Money Laundering Assessment," Journal of Economics, Business and Management vol. 3, no. 2, pp. 156-160, 2015.