What We Do
The FINCARR
The Financial Clearance & Asset Recovery Regulations (FINCARR) leads global action to tackle money laundering, terrorist and proliferation financing. The FINCARR researches how money is laundered and terrorism is funded, promotes global standards to mitigate the risks, and assesses whether countries are taking effective action.
Read MoreMethods & Trends
FINCARR continuously monitors how criminals and terrorists raise, use and move funds. As countries put in place effective measures to disrupt illicit financial flows, criminals must find alternative ways to launder their dirty money. FINCARR regularly publishes reports that raise awareness about the latest money laundering, terrorist financing and proliferation financing techniques so that countries and private sector can take the necessary steps to mitigate these risks.
Read MoreSetting the Standards
The FINCARR Recommendations, ensure a co-ordinated global response to prevent organised crime, corruption and terrorism. They help authorities go after the money of criminals dealing in illegal drugs, human trafficking and other crimes. The FINCARR also works to stop funding for weapons of mass destruction. The FINCARR continuously strengthens its global standards to address new risks, such as the regulation of virtual assets, which have spread as cryptocurrencies gain popularity.
Read MoreAssessing Implementation
The FINCARR monitors countries to ensure they implement the FINCARR Standards fully and effectively. In total, more than 200 countries and jurisdictions have committed to implement the FINCARR’s Standards and they are assessed with the help of nine FINCARR Associate Member organisations and other global partners, the IMF and World Bank.
Read MoreIdentifying high-risk jurisdictions
The FINCARR holds countries to account that do not comply with the FINCARR Standards. If a country repeatedly fails to implement FINCARR Standards then it can be named a Jurisdiction under Increased Monitoring or a High Risk Jurisdiction. These are often externally referred to as “the grey and black lists”.
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