Extractive Industries Transparency Initiative (EITI) Standard (2023) vs FATF 40 Recommendations
What is the difference between Extractive Industries Transparency Initiative (EITI) Standard (2023) and FATF 40 Recommendations?
Extractive Industries Transparency Initiative (EITI) Standard (2023) is a other framework applying in International (EITI), with 15 controls across 8 domains. FATF 40 Recommendations is a other framework applying in International, with 16 controls across 7 domains. Both govern the same subject, so their requirements overlap; the mapping below shows which controls carry across and which are asked for by only one of them.
Extractive Industries Transparency Initiative (EITI) Standard (2023)15 controls
FATF 40 Recommendations16 controls
Questions people ask about Extractive Industries Transparency Initiative (EITI) Standard (2023) and FATF 40 Recommendations
What is the difference between Extractive Industries Transparency Initiative (EITI) Standard (2023) and FATF 40 Recommendations?
Extractive Industries Transparency Initiative (EITI) Standard (2023) has 15 controls while FATF 40 Recommendations has 16 controls. Both frameworks address compliance requirements but differ in scope, focus, and applicability. Use our platform to explore the exact control-to-control mappings.
Do I need both Extractive Industries Transparency Initiative (EITI) Standard (2023) and FATF 40 Recommendations?
Whether you need both depends on your industry, regulatory requirements, and customer expectations. Many organizations implement multiple frameworks simultaneously. Our compliance platform helps you map controls between Extractive Industries Transparency Initiative (EITI) Standard (2023) and FATF 40 Recommendations so you can identify shared requirements and avoid duplicate effort.
How do Extractive Industries Transparency Initiative (EITI) Standard (2023) and FATF 40 Recommendations controls map to each other?
Our platform maps controls between Extractive Industries Transparency Initiative (EITI) Standard (2023) and FATF 40 Recommendations at a granular level. Each mapping shows whether controls are fully aligned, partially aligned, or represent gaps. This helps you prioritize implementation when pursuing both frameworks.
Which framework should I implement first, Extractive Industries Transparency Initiative (EITI) Standard (2023) or FATF 40 Recommendations?
The best starting point depends on your specific regulatory requirements, industry, and customer demands. Consider which framework is most urgently required by your stakeholders or regulators. Use our free compliance platform to run a gap analysis and determine the optimal implementation sequence.
Each framework on its own
Comparisons people read next
Each of these compares one of the two standards above against another it shares controls with.
See all control mappings with interactive gap analysis
Explore the complete mapping between Extractive Industries Transparency Initiative (EITI) Standard (2023) and FATF 40 Recommendations on our compliance platform.
Written and maintained by Gerard Blokdyk, The Art of Service.