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GABAC and the prevention of money laundering

Fecha de última actualización: 07/01/2026

Logo of GABAC. GABAC and the prevention of money laundering.

Within the field of anti-money laundering and counter-terrorist financing, there is a wide range of entities involved in the development of policies and standards. One model of such organisations is the FATF-style regional bodies — FSRBs, regional bodies similar to the FATF. To date, there are nine FSRBs, such as ESAAMLG, all of which form part of the FATF’s regulatory framework. Among these bodies is also the Groupe d’Action contre le Blanchiment d’argent en Afrique Centrale — GABAC. This body operates in Central African countries, supervising and coordinating strategic objectives in the area of anti-money laundering and counter-terrorist financing.

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FATF Recommendation 17: Reliance on Third Parties

Fecha de última actualización: 22/11/2025

FATF Recommendation 17: Reliance on Third Parties. Photo by

One of the main objectives of the Financial Action Task Force —  FATF — is the establishment of guidelines on the prevention of money laundering and terrorist financing. It also promotes the effective implementation of legal and operational measures to that end. To achieve this objective, the FATF issued the 40 Recommendations. This article analyses the seventeenth recommendation, which focuses on reliance on third parties when carrying out customer due diligence measures.

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