The FAFT has published a consultation paper on its global standards for combating money laundering and terrorist financing (the Recommendations). The Recommendations are set out in the FATF 40 Recommendations and the 9 Special Recommendations on Terrorist Financing. The FATF is conducting a review of the Recommendations to ensure that they remain up-to-date and relevant. The consultation paper sets out initial proposals emerging from work that has been undertaken on the first phase of the review - considering issues including the risk based approach, customer due diligence, reliance on third parties and tax crime as a predicate for money laundering. Comments can be made on the proposals until 7 January 2011.