FATF 40 Recommendations vs Extractive Industries Transparency Initiative (EITI) Standard (2023)
What is the difference between FATF 40 Recommendations and Extractive Industries Transparency Initiative (EITI) Standard (2023)?
FATF 40 Recommendations is a other framework applying in International, with 16 controls across 7 domains. Extractive Industries Transparency Initiative (EITI) Standard (2023) is a other framework applying in International (EITI), with 15 controls across 8 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.
FATF 40 Recommendations16 controls
Extractive Industries Transparency Initiative (EITI) Standard (2023)15 controls
Questions people ask about FATF 40 Recommendations and Extractive Industries Transparency Initiative (EITI) Standard (2023)
What is the difference between FATF 40 Recommendations and Extractive Industries Transparency Initiative (EITI) Standard (2023)?
FATF 40 Recommendations has 16 controls while Extractive Industries Transparency Initiative (EITI) Standard (2023) has 15 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 FATF 40 Recommendations and Extractive Industries Transparency Initiative (EITI) Standard (2023)?
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 FATF 40 Recommendations and Extractive Industries Transparency Initiative (EITI) Standard (2023) so you can identify shared requirements and avoid duplicate effort.
How do FATF 40 Recommendations and Extractive Industries Transparency Initiative (EITI) Standard (2023) controls map to each other?
Our platform maps controls between FATF 40 Recommendations and Extractive Industries Transparency Initiative (EITI) Standard (2023) 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, FATF 40 Recommendations or Extractive Industries Transparency Initiative (EITI) Standard (2023)?
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 FATF 40 Recommendations and Extractive Industries Transparency Initiative (EITI) Standard (2023) on our compliance platform.
Written and maintained by Gerard Blokdyk, The Art of Service.