AtlasComplianceAML & MonitoringFATF R.20

FATF Recommendation 20 — Suspicious Transaction Reporting

cmp_fatf_recommendation_20

Requirement to promptly report suspected criminal proceeds or terrorist financing to the financial intelligence unit.

At a glance

Authority, jurisdiction, legal layer, lifecycle and applicability in a comparable obligation profile.

Compliance intelligence
Jurisdiction
Global
Lifecycle
Active
Authority
Financial Action Task Force
Access
Public official source

Publisher & obligations

Authorities, markets, payment activities and related obligations connected through sourced relationships.

251 linked records
RecordTypeRelationshipScope
FATF 40FATF 40 RecommendationsAML & MonitoringgovernsGlobalMonacoMonacoMarketjurisdictional scope supported by the official instrumentEMEABritish Virgin IslandsBritish Virgin IslandsMarketjurisdictional scope supported by the official instrumentLatAmBelizeBelizeMarketjurisdictional scope supported by the official instrumentLatAmUgandaUgandaMarketjurisdictional scope supported by the official instrumentEMEA

Who and what is in scope

Financial institutions and designated sectors

Applicability
01Payment scopeSuspicious transactions and attempted transactions
02Regulatory layerInternational
03Thresholds & exemptionsSuspicion threshold and reporting process are set in national law.

What implementation teams must operationalise

Escalate and promptly report qualifying suspicions without tipping off the subject.

Control impact
01ReportingSubmit STRs and preserve supporting analysis and records.
02EnforcementNational FIUs and competent authorities
03LifecycleActive

Published facts

Official-source facts with publication, effective and review dates kept separate.

5 claims
Authority / publisher
Financial Action Task Force
high1 source
Jurisdiction
Global
high1 source
Legal citation
FATF Recommendation 20
high1 source
Applies to
Financial institutions and designated sectors
high1 source
Core obligations
Escalate and promptly report qualifying suspicions without tipping off the subject.
high1 source
FATF R.20100%
Publisher & obligations100%Who and what is in scope100%What implementation teams must operationalise100%Published Facts100%