{"id":3524,"date":"2020-02-17T01:11:53","date_gmt":"2020-02-17T01:11:53","guid":{"rendered":"https:\/\/www.sygna.io\/?p=3524"},"modified":"2020-05-12T07:33:11","modified_gmt":"2020-05-12T07:33:11","slug":"fatf-style-regional-bodies-fsrbs","status":"publish","type":"post","link":"https:\/\/www.sygna.io\/zh-hant\/blog\/fatf-style-regional-bodies-fsrbs\/","title":{"rendered":"What are the 9 FATF-Style Regional Bodies (FSRBs)?"},"content":{"rendered":"\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p><strong>Table of Contents<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"#what-is-a-fsrb\">What is a FATF-style Regional Body?<\/a><\/li><li><a href=\"#what-is-purpose-of-fsrb-fatf\">What is the purpose of FSRBs?<\/a><\/li><li><a href=\"#what-are-the-9-fatf-fsrbs\">What are the 9 FSRBs?<\/a><\/li><li><a href=\"#which-countries-belong-to-fsrbs\">Which countries belong to FSRBs<\/a>?<\/li><li><a href=\"#relationship-between-fatf-and-fsrbs\">The relationship between the FATF and FSRBs<\/a><\/li><li><a href=\"#high-level-principles-and-objectives-fatf-fsrbs\">High-level Principles and Objectives<\/a><\/li><li><a href=\"#fatf-style-regional-bodies-main-duties\">What are the main duties of FSRBs?<\/a><\/li><li><a href=\"#what-are-fatf-fsrb-typologies\">What are FATF and FSRB typologies?<\/a><\/li><li><a href=\"#what-are-fsrb-mutual-evaluations\">What are FSRB mutual evaluations?<\/a><\/li><li><a href=\"#fsrbs-and-fatf-recommendation-16-travel-rule\">FSRBS and FATF Recommendation 16<\/a><\/li><li><a href=\"#fsrb-conclusion\">Conclusion<\/a><\/li><\/ul>\n\n\n\n<div style=\"height:100px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 id=\"what-is-a-fsrb\">What is a FATF-Style Regional Body (FSRB)?<\/h2>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>The <a href=\"https:\/\/www.sygna.io\/blog\/what-is-the-financial-action-task-force-fatf\/#what-are-fatf-style-regional-bodies-fsrb\">9 FATF-Style Regional Bodies (FSRBs)<\/a> are autonomous regional organizations that help the <a href=\"https:\/\/www.sygna.io\/blog\/what-is-the-financial-action-task-force-fatf\/\">Financial Action Task Force (FATF)<\/a> implement its global AML\/CFT policy, which revolves around its 40 Recommendations, in over 200 affiliated countries.<\/p>\n\n\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh5.googleusercontent.com\/xu89oi-RB-FNXhF7o86klzggICl37i7XEGITYkxsI748ToQDelkEgC73cy0thQWVJ_Zj47EEu-3y-u2SbDbGpI_WDqJWTje9hV4vhFh29FXZwoqymg2-AXZdLUNvomFrzhHPULJ1\" alt=\"\"\/><\/figure>\n\n\n\n<p>The FATF is the world\u2019s foremost anti-money laundering (AML) and counter-terrorism funding (CFT) regulator. While it has 39 official members and jurisdictions, it depends on the support of nine FATF-style regional bodies (FSRBs) to ensure that its policies extend to all corners of the world.<\/p>\n\n\n\n<div style=\"height:100px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"what-is-purpose-of-fsrb-fatf\">What is the purpose of FATF-Style Regional Bodies?&nbsp;<\/h2>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img decoding=\"async\" src=\"https:\/\/lh4.googleusercontent.com\/MAAQVBZIx8Etn8_yTwuOQmH-HNhWCR0ahE-uh2EMvOkJfuhHNVFkE4K17bhbt1c_HJUCT8r6b0v1LQkgTHjWcNui1_lAyt3VOqS1qfCbKdueQv-SCWm2PUbJ-NMqvxqDItK7tQl-\" alt=\"\"\/><\/figure><\/div>\n\n\n\n<p>The 9 FATF-Style Regional Bodies help construct and support AML\/CFT compliance policies and updates in every major region in the world. FSRBs disseminate the FATF\u2019s global standards in order to help the 200+ countries under their jurisdictions understand and comply with FATF\u2019s AML\/CFT expectations.&nbsp;<\/p>\n\n\n\n<div style=\"height:100px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"what-are-the-9-fatf-fsrbs\">What are the 9 FSRBs?<\/h2>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>There are currently nine FATF-Style Regional Bodies that each cover a particular region. They are:&nbsp;<\/p>\n\n\n\n<div class=\"wp-block-group\"><div class=\"wp-block-group__inner-container is-layout-flow wp-block-group-is-layout-flow\">\n<figure class=\"wp-block-table\"><div class=\"table-responsive\"><table class=\"\"><tbody><tr><td><strong>Acronym<\/strong><\/td><td><strong>Full Name<\/strong><\/td><td><strong>Region<\/strong><\/td><td><strong>HQ City<\/strong><\/td><\/tr><tr><td><strong>APG<\/strong><\/td><td><a href=\"http:\/\/www.apgml.org\/\">Asia\/Pacific Group on ML<\/a><\/td><td>Asia-Pacific<\/td><td>Sydney<\/td><\/tr><tr><td><strong>CFATF<\/strong><\/td><td><a href=\"https:\/\/www.cfatf-gafic.org\/\">Caribbean FATF<\/a><\/td><td>Caribbean<\/td><td>Port of Spain<\/td><\/tr><tr><td><strong>EAG<\/strong><\/td><td><a href=\"https:\/\/eurasiangroup.org\/en\">Eurasian Group<\/a><\/td><td>Eurasia<\/td><td>Moscow<\/td><\/tr><tr><td><strong>ESAAMLG<\/strong><\/td><td><a href=\"http:\/\/www.esaamlg.org\/\">Eastern &amp; Southern Africa AML Group<\/a><\/td><td>Africa <\/td><td>Dar Es Salaam<\/td><\/tr><tr><td><strong>GABAC<\/strong><\/td><td><a href=\"http:\/\/spgabac.org\/\">Central Africa AML Group<\/a><\/td><td>Africa <\/td><td>Libreville<\/td><\/tr><tr><td><strong>GAFILAT<\/strong><\/td><td><a href=\"http:\/\/www.gafilat.org\/\">Latin America AML Group<\/a><\/td><td>Latin America<\/td><td>Buenos Aires<\/td><\/tr><tr><td><strong>GIABA<\/strong><\/td><td><a href=\"http:\/\/www.giaba.org\/\">West Africa Money Laundering Group<\/a><\/td><td>Africa <\/td><td>Dakar<\/td><\/tr><tr><td><strong>MENAFATF<\/strong><\/td><td><a href=\"http:\/\/www.menafatf.org\/\">Middle East and North Africa FATF<\/a><\/td><td>Middle East &amp; Africa <\/td><td>Manama<\/td><\/tr><tr><td><strong>MONEYVAL<\/strong><\/td><td><a href=\"http:\/\/www.coe.int\/en\/web\/moneyval\">Committee of Experts on the Evaluation of AML Measures and the Financing of Terrorism of the Council of Europe<\/a><\/td><td>Europe<\/td><td>Strasbourg<\/td><\/tr><\/tbody><\/table><\/div><\/figure>\n<\/div><\/div>\n\n\n\n<div style=\"height:100px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"which-countries-belong-to-fsrbs\">Which countries and regions belong to which FSRBs?<\/h2>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh3.googleusercontent.com\/_bUeaa71_Dg-w4R1e7pISXUbvBBk2OPSWGqgO5sMlPttaxhtlQkdYiu22j19uw6cKsNDKVQGvE5RBoG-gJ76itujjfdsRRh2IE3AqU2TivxBMJoZQXpl9co4_Gy2HlNJMDV52DTU\" alt=\"\"\/><figcaption><a href=\"https:\/\/upload.wikimedia.org\/wikipedia\/commons\/2\/27\/FATF_FSRBs_map.png\">The 9 FATF-Style Regional Bodies (FSRBs)<\/a> (GAFISUD is now GAFILAT; map excludes GABAC)<\/figcaption><\/figure>\n\n\n\n<p>The FATF-Style Regional Bodies have over 200 countries and jurisdictions as members, covering every continent. To see which countries belong to which FSRBs, you can <a href=\"http:\/\/www.fatf-gafi.org\/countries\/\">click here<\/a>.<\/p>\n\n\n\n<div style=\"height:100px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"relationship-between-fatf-and-fsrbs\">The relationship between FATF and its FSRBs<\/h2>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>While the FATF and its 9 FSRBs are autonomous organizations that operate independently from each other, they are also interdependent on each other for success (e.g. mutual country evaluations) and govern their complex relationships according to varying factors and cultural differences. <\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh6.googleusercontent.com\/uwtDL9Z1tdUDyjE2Mlm4_YZ1IiAq0iI5mnoW7g5hsrCr3-QSeDhnMoUDfS3fYrzg9VpGK_8m3lflbbQsem-NEnqGmOKFYBmXDdLDKdeWnTXb0Hv_oKGeYHLvkgMlOwH9e150Y0BN\" alt=\"\"\/><figcaption><a href=\"http:\/\/www.apgml.org\/news\/details.aspx?pcPage=2&amp;c=10&amp;n=1124\">An APG workshop in Brunei in 2018<\/a> <\/figcaption><\/figure>\n\n\n\n<div style=\"height:100px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"high-level-principles-and-objectives-fatf-fsrbs\">The FATF and FSRB&#8217;s High-Level Principles and Objectives<\/h3>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>A list of <a href=\"https:\/\/www.fatf-gafi.org\/media\/fatf\/documents\/High-Level%20Principles%20and%20Objectives%20for%20FATF%20and%20FSRBs.pdf\">High-Level Principles and Objectives<\/a>, which lays out the relationship between the FATF and FSRBs, was approved by the <a href=\"https:\/\/www.sygna.io\/blog\/what-is-the-financial-action-task-force-fatf\/#what-is-the-fatf-plenary\">FATF Plenary <\/a>in October 2012. The list is frequently updated and also forms the foundation for the activities of <a href=\"https:\/\/www.fatf-gafi.org\/publications\/fatfgeneral\/documents\/developmentoftheglobalnetworkandotherkeyelementsoffatfworkunderthenorwegianpresidency.html\">Global Network Coordination Group<\/a>, a working group chaired by a representative from a FATF and FSRB member each.&nbsp;<\/p>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh5.googleusercontent.com\/4BokB6tu1CZaBeXsnYAaL_Eg8genuKZXiZ_v0oy9tzoRyDTgWPMqv3kglNpTHNW9f6tZYuns8RjNxMzJ3DpORkrUhuBzbKaDcy_nNZMPjiTpVy68wdt2-8hZ8PbBegkt91HzQ8ua\" alt=\"\"\/><figcaption>Source: <strong><a href=\"https:\/\/www.fatf-gafi.org\/media\/fatf\/documents\/High-Level%20Principles%20and%20Objectives%20for%20FATF%20and%20FSRBs.pdf\">FATF website<\/a><\/strong><\/figcaption><\/figure>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 class=\"wp-block-heading\">High-Level Principles:<\/h4>\n\n\n\n<ol class=\"wp-block-list\"><li><strong>Standard-setting:<\/strong> The FATF is the only entity allowed to set standards, but it relies on the help of FSRBs to do it well.&nbsp;<\/li><li><strong>Technical assistance:<\/strong> FSRBs can play a vital role in establishing and addressing the AML\/CFT technical needs of their members, which supports the overall aims of the FATF.&nbsp;<\/li><li><strong>Autonomy: <\/strong>FATF and FSRBs are unique, free-standing and autonomous parties, with no organizational hierarchy between them. Each party has different needs and experiences and therefore helps to strengthen global AML\/CFT policy.&nbsp;<\/li><li><strong>Sharing common objectives and working in partnership:<\/strong> While the FATF and FSRBs operate independently of each other, they are also interdependent in the sense that they have a common goal (AML\/CFT) which requires them to work together to maximize their results. The failure or success of either the FATF or FSRBs affects the other.&nbsp;<\/li><li><strong>Mutuality<\/strong>: The organizations\u2019 reliance on each other ensures that the FATF and FSRBs establish operations and procedures that allow them to work together and take part in the other\u2019s activities.&nbsp;<\/li><li><strong>A common interest in protecting the FATF brand: <\/strong>As FATF-Style Regional Bodies (FSRBs) share such a close association with the FATF, they are obligated to uphold the values and name of the FATF in order to strengthen their own brands.&nbsp;<\/li><\/ol>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 class=\"wp-block-heading\">High-Level Objectives:<\/h4>\n\n\n\n<p>The Objectives section of FATF\u2019s High Principles and Objectives is more convoluted and requires a deeper understanding. In short, here are the points that it covers:<\/p>\n\n\n\n<ol class=\"wp-block-list\"><li><strong>Reciprocal rights and obligations:<\/strong><\/li><\/ol>\n\n\n\n<ul class=\"wp-block-list\"><li>Access to documents<\/li><li>Joint events and participation in mutual evaluations<br>Access to meetings<\/li><li>Assistance<\/li><li>Peer review<\/li><\/ul>\n\n\n\n<p><strong> 2. Governance Structures for FATF and FSRBs<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Membership and observership<\/li><li>Mission and endorsement<\/li><li>Institutional setup<\/li><li>Financial procedures and budget<\/li><\/ul>\n\n\n\n<p><strong> 3. FATF brand issues<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Mutual evaluations<\/li><li>Risk and typologies<\/li><\/ul>\n\n\n\n<div style=\"height:100px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"fatf-style-regional-bodies-main-duties\">What are the main duties of FATF-Style Regional Bodies?<\/h2>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>The core responsibility of each FSRB is to establish an AML\/CFT framework that combats money laundering and terrorism funding and its proliferation in its regional jurisdiction. To do this, FSRBs conduct these essential services:<\/p>\n\n\n\n<figure class=\"wp-block-table\"><div class=\"table-responsive\"><table class=\"has-fixed-layout\"><tbody><tr><td>&#8211; Evaluate<\/td><td>&#8211; Study<\/td><\/tr><tr><td>&#8211; Analyze<\/td><td>&#8211; Intermediate<\/td><\/tr><\/tbody><\/table><\/div><\/figure>\n\n\n\n<ol class=\"wp-block-list\"><li>An FSRB will periodically <strong>evaluate<\/strong> the AML\/CFT systems of its member countries, and offer recommendations for improvement as needed.&nbsp;<\/li><li>FSRBs <strong>collect and study<\/strong> typologies, the most commonly-used money laundering, and terrorism-funding methods so that it may devise counter-measures to stop its proliferation.&nbsp;<\/li><li>FSRBs then <strong>analyze<\/strong> the results of their typology research, compile best practice guidelines and <a href=\"https:\/\/eurasiangroup.org\/en\/fatf-style-regional-bodies\">disseminate this to relevant parties<\/a> such as the private sector, regulators, the research community and law enforcement.<\/li><li>In certain cases, regional bodies will also <strong>intermediate<\/strong> between member countries who require technical assistance (TA) and donors.&nbsp;<\/li><\/ol>\n\n\n\n<div style=\"height:100px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"what-are-fatf-fsrb-typologies\">What are FSRB Typologies?<\/h2>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>AML\/CFT typologies refer to the many methods that money launderers and terrorist financiers employ to carry out their illicit financial behavior. As these activities happen around the world in vastly different socio-economic conditions and are tailored to often unique situations, these techniques tend to vary a lot from each other.<\/p>\n\n\n\n<p>Due to this unpredictability and constant variations in criminal activity, FATF requires its members to observe illicit activity and trends in their local jurisdictions and report back to the organization. FATF collects the information, then tries to analyze, identify and describe it, so that it can be discussed for the purposes of a possible induction into the FATF Standards by way of its <a href=\"https:\/\/www.sygna.io\/blog\/what-is-the-financial-action-task-force-fatf\/#fatf-40-recommendations\">40+9 Recommendations<\/a> and be used in yearly typology reports to inform the general public.&nbsp;<\/p>\n\n\n\n<p>FSRBs take different approaches in dealing with typology information. For example, the Asia-Pacific Group (APG) FSRB uses a strategic framework that gathers, studies and spreads the information provided in typologies. The <a href=\"http:\/\/www.apgml.org\/methods-and-trends\/page.aspx\">APG\u2019s framework<\/a> requires its members to \u201cconsider and analyze\u201d typologies in 4 parts:<\/p>\n\n\n\n<ol class=\"wp-block-list\"><li><strong>Establish<\/strong> a working group to analyze typology topics<\/li><li><strong>Generate<\/strong> analytics-driven typology reports and summaries&nbsp;<\/li><li><strong>Host<\/strong> yearly workshops for regulators to discuss typologies with law enforcement<\/li><li><strong>Publish<\/strong> typology reports annually<\/li><\/ol>\n\n\n\n<div style=\"height:100px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"what-are-fsrb-mutual-evaluations\">What are FSRB Mutual Evaluations?<\/h2>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>A very important measure that ascertains the state of member countries\u2019 compliance with the 40+9 Recommendations is called Mutual Evaluations.&nbsp;<\/p>\n\n\n\n<p>In order to measure how well their member countries\u2019 AML\/CFT regimes adhere to the FATF Standards, FATF-style regional bodies periodically undertake mutual evaluations of a specific member country. During this process, the individual member state is assessed by the other countries in their FSRB, and possibly the FATF and related organizations such as the IMF and World Bank.&nbsp;If the country is found to be lacking a strong enough AML\/CFT regime, the FATF and FSRB will work with it to help establish the right framework. <\/p>\n\n\n\n<p>Based on the <a href=\"http:\/\/www.fatf-gafi.org\/dataoecd\/16\/54\/40339628.pdf\">FATF\u2019s special methodology<\/a> of 2004 ( updated in 2009). mutual evaluations normally follow a fixed schedule.<\/p>\n\n\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"783\" height=\"705\" src=\"https:\/\/www.sygna.io\/wp-content\/uploads\/2020\/02\/Pakistan_mutual_evaluation-2019.png\" alt=\"Pakistan_mutual_evaluation-2019\" class=\"wp-image-3530\" srcset=\"https:\/\/www.sygna.io\/wp-content\/uploads\/2020\/02\/Pakistan_mutual_evaluation-2019.png 783w, https:\/\/www.sygna.io\/wp-content\/uploads\/2020\/02\/Pakistan_mutual_evaluation-2019-500x450.png 500w, https:\/\/www.sygna.io\/wp-content\/uploads\/2020\/02\/Pakistan_mutual_evaluation-2019-768x691.png 768w\" sizes=\"(max-width: 783px) 100vw, 783px\" \/><\/figure>\n\n\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>For example, Pakistan drew considerable criticism during its <a href=\"http:\/\/www.fatf-gafi.org\/media\/fatf\/documents\/reports\/mer-fsrb\/APG-Mutual-Evaluation-Report-Pakistan-October%202019.pdf\">2019 mutual evaluation<\/a> and has been working with the organization to bolster its performance. <\/p>\n\n\n\n<p>During its assessment by FATF and the APG in February 2020&#8217;s FATF Plenary, regulators praised Pakistan&#8217;s political commitment to reforming its ML\/TF deficiencies but said more work needed to be done. Therefore, Pakistan will be once again evaluated in June 2020. <\/p>\n\n\n\n<div style=\"height:100px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"fsrb-and-fatf-recommendation-16-travel-rule\">FSRBS and FATF&#8217;s Recommendation 16 Crypto Travel Rule<\/h2>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>In June 2019, the FATF amended its <a href=\"https:\/\/www.sygna.io\/blog\/who-must-comply-with-fatf-recommendation-16-crypto-travel-rule\/\">Recommendation 16 on Wire Transfers<\/a> (colloquially referred to as FATF&#8217;s Crypto Travel Rule) to ensure that member countries regulate virtual asset transfers between virtual asset service providers (VASPs) effectively. By June 2020, VASPs will need to share beneficiary and originator information with their counterparts during transmittals. <\/p>\n\n\n\n<p>As FSRBs help their member states comply with the <a href=\"https:\/\/www.sygna.io\/blog\/what-is-the-financial-action-task-force-fatf\/#fatf-40-recommendations\">FATF 40+9 Recommendations<\/a>, each regional body is currently assisting (and evaluating) its member jurisdictions&#8217; efforts to implement suitable policies in accordance with the amended R.16 before the June 2020 deadline for compliance is reached. <\/p>\n\n\n\n<div style=\"height:100px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"fsrb-conclusion\">Conclusion<\/h2>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>While much of the regulatory spotlight shines on the FATF and its official member countries, which make up the world\u2019s wealthiest nations, there is no question that the FATF would not be able to create an efficient AML\/CFT network without the help of the FSRBs. <\/p>\n\n\n\n<p>Financial crime thrives in more vulnerable nations in Africa, Asia, and South America, where governments often lack the know-how and political will to combat financial criminals and bring them to justice.&nbsp;<\/p>\n\n\n\n<p>Therefore, it is vital for the FATF to keep strengthening its ancillaries such as the FSRBs and the FATF Secretariat, and ensure that these supportive organizations get the support needed to thrive.<\/p>\n\n\n\n<p>The world\u2019s economic players are all quickly migrating to the first digital era of finance, where all significant financial activities will almost certainly be dominated by digital assets such as central bank digital currencies and cryptocurrencies.<\/p>\n\n\n\n<p>Therefore, now is the time to ensure that the countries of the world have a common playbook to work from. So, while the FATF and FSRBs are all autonomous entities, their interdependence is vital for all future AML\/CFT regulation. To learn more about what the FSRB and FATF have planned for 2020, <a href=\"https:\/\/www.fatf-gafi.org\/calendar\/eventscalendar\/?hf=10&amp;b=0&amp;s=asc(fatf_date1)\">visit their events page.&nbsp;<\/a><br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The 9 FATF-Style Regional Bodies (FSRBs) with its 200+ affiliated members play a vital role in supporting the FATF&#8217;s global AML\/CFT efforts<\/p>\n","protected":false},"author":7,"featured_media":3665,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[20],"tags":[],"class_list":["post-3524","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fatf"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What are the 9 FATF-Style Regional Bodies (FSRBs)? - Sygna<\/title>\n<meta name=\"description\" content=\"The 9 FATF-Style Regional Bodies (FSRBs) help FATF implement its AML\/CFT policy, which is built on its 40 Recommendations, in over 200 countries.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.sygna.io\/zh-hant\/blog\/fatf-style-regional-bodies-fsrbs\/\" \/>\n<meta property=\"og:locale\" content=\"zh_TW\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What are the 9 FATF-Style Regional Bodies (FSRBs)? - Sygna\" \/>\n<meta property=\"og:description\" content=\"The 9 FATF-Style Regional Bodies (FSRBs) help FATF implement its AML\/CFT policy, which is built on its 40 Recommendations, in over 200 countries.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.sygna.io\/zh-hant\/blog\/fatf-style-regional-bodies-fsrbs\/\" \/>\n<meta property=\"og:site_name\" content=\"Sygna\" \/>\n<meta property=\"article:published_time\" content=\"2020-02-17T01:11:53+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-12T07:33:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.sygna.io\/wp-content\/uploads\/2020\/03\/FATFs-new_feature-\u8907\u672c-1.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1829\" \/>\n\t<meta property=\"og:image:height\" content=\"1223\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Vern\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.sygna.io\/wp-content\/uploads\/2020\/02\/Sygna_twitter-1.png\" \/>\n<meta name=\"twitter:label1\" content=\"\u4f5c\u8005:\" \/>\n\t<meta name=\"twitter:data1\" content=\"Vern\" \/>\n\t<meta name=\"twitter:label2\" content=\"\u9810\u4f30\u95b1\u8b80\u6642\u9593\" \/>\n\t<meta name=\"twitter:data2\" content=\"8 \u5206\u9418\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.sygna.io\/zh-hant\/blog\/fatf-style-regional-bodies-fsrbs\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.sygna.io\/zh-hant\/blog\/fatf-style-regional-bodies-fsrbs\/\"},\"author\":{\"name\":\"Vern\",\"@id\":\"https:\/\/www.sygna.io\/#\/schema\/person\/ddf70f3e6750e7efb538379e90f48737\"},\"headline\":\"What are the 9 FATF-Style Regional Bodies (FSRBs)?\",\"datePublished\":\"2020-02-17T01:11:53+00:00\",\"dateModified\":\"2020-05-12T07:33:11+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.sygna.io\/zh-hant\/blog\/fatf-style-regional-bodies-fsrbs\/\"},\"wordCount\":1633,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.sygna.io\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.sygna.io\/zh-hant\/blog\/fatf-style-regional-bodies-fsrbs\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.sygna.io\/wp-content\/uploads\/2020\/03\/FATFs-new_feature-\u8907\u672c-1.png\",\"articleSection\":[\"FATF\"],\"inLanguage\":\"zh-TW\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.sygna.io\/zh-hant\/blog\/fatf-style-regional-bodies-fsrbs\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.sygna.io\/zh-hant\/blog\/fatf-style-regional-bodies-fsrbs\/\",\"url\":\"https:\/\/www.sygna.io\/zh-hant\/blog\/fatf-style-regional-bodies-fsrbs\/\",\"name\":\"What are the 9 FATF-Style Regional Bodies (FSRBs)? - Sygna\",\"isPartOf\":{\"@id\":\"https:\/\/www.sygna.io\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.sygna.io\/zh-hant\/blog\/fatf-style-regional-bodies-fsrbs\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.sygna.io\/zh-hant\/blog\/fatf-style-regional-bodies-fsrbs\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.sygna.io\/wp-content\/uploads\/2020\/03\/FATFs-new_feature-\u8907\u672c-1.png\",\"datePublished\":\"2020-02-17T01:11:53+00:00\",\"dateModified\":\"2020-05-12T07:33:11+00:00\",\"description\":\"The 9 FATF-Style Regional Bodies (FSRBs) help FATF implement its AML\/CFT policy, which is built on its 40 Recommendations, in over 200 countries.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.sygna.io\/zh-hant\/blog\/fatf-style-regional-bodies-fsrbs\/#breadcrumb\"},\"inLanguage\":\"zh-TW\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.sygna.io\/zh-hant\/blog\/fatf-style-regional-bodies-fsrbs\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"zh-TW\",\"@id\":\"https:\/\/www.sygna.io\/zh-hant\/blog\/fatf-style-regional-bodies-fsrbs\/#primaryimage\",\"url\":\"https:\/\/www.sygna.io\/wp-content\/uploads\/2020\/03\/FATFs-new_feature-\u8907\u672c-1.png\",\"contentUrl\":\"https:\/\/www.sygna.io\/wp-content\/uploads\/2020\/03\/FATFs-new_feature-\u8907\u672c-1.png\",\"width\":1829,\"height\":1223},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.sygna.io\/zh-hant\/blog\/fatf-style-regional-bodies-fsrbs\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.sygna.io\/zh-hant\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Blog\",\"item\":\"https:\/\/www.sygna.io\/zh-hant\/blog\/category\/blog-posts\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"FATF\",\"item\":\"https:\/\/www.sygna.io\/zh-hant\/blog\/category\/blog-posts\/fatf\/\"},{\"@type\":\"ListItem\",\"position\":4,\"name\":\"What are the 9 FATF-Style Regional Bodies (FSRBs)?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.sygna.io\/#website\",\"url\":\"https:\/\/www.sygna.io\/\",\"name\":\"Sygna\",\"description\":\"Who stores the transmittal information?\",\"publisher\":{\"@id\":\"https:\/\/www.sygna.io\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.sygna.io\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"zh-TW\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.sygna.io\/#organization\",\"name\":\"Sygna\",\"url\":\"https:\/\/www.sygna.io\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"zh-TW\",\"@id\":\"https:\/\/www.sygna.io\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.sygna.io\/wp-content\/uploads\/2019\/11\/Sygna_Logo_Postive_RGB.png\",\"contentUrl\":\"https:\/\/www.sygna.io\/wp-content\/uploads\/2019\/11\/Sygna_Logo_Postive_RGB.png\",\"width\":919,\"height\":221,\"caption\":\"Sygna\"},\"image\":{\"@id\":\"https:\/\/www.sygna.io\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.sygna.io\/#\/schema\/person\/ddf70f3e6750e7efb538379e90f48737\",\"name\":\"Vern\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"zh-TW\",\"@id\":\"https:\/\/www.sygna.io\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/bf2d35ecced09f046d05c6c1002802327ee8b35ef7e549b4808851d28ad825a6?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/bf2d35ecced09f046d05c6c1002802327ee8b35ef7e549b4808851d28ad825a6?s=96&d=mm&r=g\",\"caption\":\"Vern\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"What are the 9 FATF-Style Regional Bodies (FSRBs)? - Sygna","description":"The 9 FATF-Style Regional Bodies (FSRBs) help FATF implement its AML\/CFT policy, which is built on its 40 Recommendations, in over 200 countries.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.sygna.io\/zh-hant\/blog\/fatf-style-regional-bodies-fsrbs\/","og_locale":"zh_TW","og_type":"article","og_title":"What are the 9 FATF-Style Regional Bodies (FSRBs)? - Sygna","og_description":"The 9 FATF-Style Regional Bodies (FSRBs) help FATF implement its AML\/CFT policy, which is built on its 40 Recommendations, in over 200 countries.","og_url":"https:\/\/www.sygna.io\/zh-hant\/blog\/fatf-style-regional-bodies-fsrbs\/","og_site_name":"Sygna","article_published_time":"2020-02-17T01:11:53+00:00","article_modified_time":"2020-05-12T07:33:11+00:00","og_image":[{"width":1829,"height":1223,"url":"https:\/\/www.sygna.io\/wp-content\/uploads\/2020\/03\/FATFs-new_feature-\u8907\u672c-1.png","type":"image\/png"}],"author":"Vern","twitter_card":"summary_large_image","twitter_image":"https:\/\/www.sygna.io\/wp-content\/uploads\/2020\/02\/Sygna_twitter-1.png","twitter_misc":{"\u4f5c\u8005:":"Vern","\u9810\u4f30\u95b1\u8b80\u6642\u9593":"8 \u5206\u9418"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.sygna.io\/zh-hant\/blog\/fatf-style-regional-bodies-fsrbs\/#article","isPartOf":{"@id":"https:\/\/www.sygna.io\/zh-hant\/blog\/fatf-style-regional-bodies-fsrbs\/"},"author":{"name":"Vern","@id":"https:\/\/www.sygna.io\/#\/schema\/person\/ddf70f3e6750e7efb538379e90f48737"},"headline":"What are the 9 FATF-Style Regional Bodies (FSRBs)?","datePublished":"2020-02-17T01:11:53+00:00","dateModified":"2020-05-12T07:33:11+00:00","mainEntityOfPage":{"@id":"https:\/\/www.sygna.io\/zh-hant\/blog\/fatf-style-regional-bodies-fsrbs\/"},"wordCount":1633,"commentCount":0,"publisher":{"@id":"https:\/\/www.sygna.io\/#organization"},"image":{"@id":"https:\/\/www.sygna.io\/zh-hant\/blog\/fatf-style-regional-bodies-fsrbs\/#primaryimage"},"thumbnailUrl":"https:\/\/www.sygna.io\/wp-content\/uploads\/2020\/03\/FATFs-new_feature-\u8907\u672c-1.png","articleSection":["FATF"],"inLanguage":"zh-TW","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.sygna.io\/zh-hant\/blog\/fatf-style-regional-bodies-fsrbs\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.sygna.io\/zh-hant\/blog\/fatf-style-regional-bodies-fsrbs\/","url":"https:\/\/www.sygna.io\/zh-hant\/blog\/fatf-style-regional-bodies-fsrbs\/","name":"What are the 9 FATF-Style Regional Bodies (FSRBs)? - Sygna","isPartOf":{"@id":"https:\/\/www.sygna.io\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.sygna.io\/zh-hant\/blog\/fatf-style-regional-bodies-fsrbs\/#primaryimage"},"image":{"@id":"https:\/\/www.sygna.io\/zh-hant\/blog\/fatf-style-regional-bodies-fsrbs\/#primaryimage"},"thumbnailUrl":"https:\/\/www.sygna.io\/wp-content\/uploads\/2020\/03\/FATFs-new_feature-\u8907\u672c-1.png","datePublished":"2020-02-17T01:11:53+00:00","dateModified":"2020-05-12T07:33:11+00:00","description":"The 9 FATF-Style Regional Bodies (FSRBs) help FATF implement its AML\/CFT policy, which is built on its 40 Recommendations, in over 200 countries.","breadcrumb":{"@id":"https:\/\/www.sygna.io\/zh-hant\/blog\/fatf-style-regional-bodies-fsrbs\/#breadcrumb"},"inLanguage":"zh-TW","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.sygna.io\/zh-hant\/blog\/fatf-style-regional-bodies-fsrbs\/"]}]},{"@type":"ImageObject","inLanguage":"zh-TW","@id":"https:\/\/www.sygna.io\/zh-hant\/blog\/fatf-style-regional-bodies-fsrbs\/#primaryimage","url":"https:\/\/www.sygna.io\/wp-content\/uploads\/2020\/03\/FATFs-new_feature-\u8907\u672c-1.png","contentUrl":"https:\/\/www.sygna.io\/wp-content\/uploads\/2020\/03\/FATFs-new_feature-\u8907\u672c-1.png","width":1829,"height":1223},{"@type":"BreadcrumbList","@id":"https:\/\/www.sygna.io\/zh-hant\/blog\/fatf-style-regional-bodies-fsrbs\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.sygna.io\/zh-hant\/"},{"@type":"ListItem","position":2,"name":"Blog","item":"https:\/\/www.sygna.io\/zh-hant\/blog\/category\/blog-posts\/"},{"@type":"ListItem","position":3,"name":"FATF","item":"https:\/\/www.sygna.io\/zh-hant\/blog\/category\/blog-posts\/fatf\/"},{"@type":"ListItem","position":4,"name":"What are the 9 FATF-Style Regional Bodies (FSRBs)?"}]},{"@type":"WebSite","@id":"https:\/\/www.sygna.io\/#website","url":"https:\/\/www.sygna.io\/","name":"Sygna","description":"Who stores the transmittal information?","publisher":{"@id":"https:\/\/www.sygna.io\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.sygna.io\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"zh-TW"},{"@type":"Organization","@id":"https:\/\/www.sygna.io\/#organization","name":"Sygna","url":"https:\/\/www.sygna.io\/","logo":{"@type":"ImageObject","inLanguage":"zh-TW","@id":"https:\/\/www.sygna.io\/#\/schema\/logo\/image\/","url":"https:\/\/www.sygna.io\/wp-content\/uploads\/2019\/11\/Sygna_Logo_Postive_RGB.png","contentUrl":"https:\/\/www.sygna.io\/wp-content\/uploads\/2019\/11\/Sygna_Logo_Postive_RGB.png","width":919,"height":221,"caption":"Sygna"},"image":{"@id":"https:\/\/www.sygna.io\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/www.sygna.io\/#\/schema\/person\/ddf70f3e6750e7efb538379e90f48737","name":"Vern","image":{"@type":"ImageObject","inLanguage":"zh-TW","@id":"https:\/\/www.sygna.io\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/bf2d35ecced09f046d05c6c1002802327ee8b35ef7e549b4808851d28ad825a6?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/bf2d35ecced09f046d05c6c1002802327ee8b35ef7e549b4808851d28ad825a6?s=96&d=mm&r=g","caption":"Vern"}}]}},"_links":{"self":[{"href":"https:\/\/www.sygna.io\/zh-hant\/wp-json\/wp\/v2\/posts\/3524","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.sygna.io\/zh-hant\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.sygna.io\/zh-hant\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.sygna.io\/zh-hant\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.sygna.io\/zh-hant\/wp-json\/wp\/v2\/comments?post=3524"}],"version-history":[{"count":26,"href":"https:\/\/www.sygna.io\/zh-hant\/wp-json\/wp\/v2\/posts\/3524\/revisions"}],"predecessor-version":[{"id":4432,"href":"https:\/\/www.sygna.io\/zh-hant\/wp-json\/wp\/v2\/posts\/3524\/revisions\/4432"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.sygna.io\/zh-hant\/wp-json\/wp\/v2\/media\/3665"}],"wp:attachment":[{"href":"https:\/\/www.sygna.io\/zh-hant\/wp-json\/wp\/v2\/media?parent=3524"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.sygna.io\/zh-hant\/wp-json\/wp\/v2\/categories?post=3524"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.sygna.io\/zh-hant\/wp-json\/wp\/v2\/tags?post=3524"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}