On July 29, 2005, the UN Security Council issued the UN Security Council Resolution 1617, which “urges all member countries to implement the Forty Recommendations on money laundering and 9 Special Recommendations on terrorist financing of the Financial Action Task Force on Money laundering (FATF)”. FATF and its regional organizations have been set up successively.
Many countries have already issued and implemented anti-money laundering and terrorist financing laws in succession. But, we have to note that, money laundering, terrorist financing and those serious criminal activities supported by them, such as drug trafficking, smuggling, population trafficking and corruption, and terrorist attacks are still rampant and threaten the safety, stability and prosperity of human society.