FATF 40 Recommendations for IT Directors
What does FATF 40 Recommendations require of a IT Director?
The FATF 40 Recommendations (last comprehensive revision February 2012 with subsequent targeted updates - R.15 Virtual Assets / VASPs 2018-2024, R.24 + R.25 Beneficial Ownership 2022-2024, R.8 Non-Profit Organisations 2016+2023, R.5 Terrorist Financing 2024) are the international standards on combating money laundering + terrorist financing + proliferation financing. Under FATF 40 Recommendations, which defines 40 controls, a IT Director's work is deciding which controls you own outright, which you share and which belong to another team, then holding the evidence for the first group.
Which FATF 40 Recommendations controls land on the IT Director
IT Directors translate compliance requirements into technical implementations. They manage infrastructure, oversee technology projects, ensure systems meet security standards, and bridge the gap between business requirements and technical delivery.
FATF 40 Recommendations defines 40 controls across 7 domains that directly affect the IT Director role. Understanding which controls fall within your ownership, which are shared, and which are owned by other teams is the foundation of effective compliance management.
What a IT Director is accountable for under FATF 40 Recommendations
Implementing technical security controls required by compliance frameworks
Managing infrastructure, cloud environments, and technology vendors
Ensuring systems architecture supports compliance and audit requirements
Overseeing patch management, vulnerability scanning, and configuration management
Coordinating with security and compliance teams on technical evidence collection
Where IT Directors lose time on FATF 40 Recommendations
These are the most common obstacles IT Directors face when managing FATF 40 Recommendations compliance, and how to address them:
Challenge 1
Translating compliance control language into specific technical configurations
Challenge 2
Managing the operational impact of security controls on system performance
Challenge 3
Maintaining compliance across hybrid cloud and on-premises environments
Challenge 4
Automating evidence collection for continuous compliance monitoring
Challenge 5
Balancing security hardening with system availability and user productivity
A working order for a IT Director starting on FATF 40 Recommendations
1. Readiness Assessment
Take a 5-minute readiness assessment to identify your organisation's current gap profile against FATF 40 Recommendations. Get a prioritised action plan tailored to your specific situation.
2. Cross-Framework Mapping
Use our platform to map FATF 40 Recommendations controls against other frameworks you already comply with. FATF 40 Recommendations maps to 2 other frameworks in our database.
3. Build Your Toolkit
Equip yourself with FATF 40 Recommendations toolkits, self-assessments, and implementation guides from our store. Resources designed specifically for IT Directors managing compliance programmes.
4. Continuous Monitoring
Establish ongoing compliance monitoring using our platform's gap analysis tools. Track your maturity over time and demonstrate progress to stakeholders.
FATF 40 Recommendations in your sector
Who else owns part of FATF 40 Recommendations
Questions IT Directors ask about FATF 40 Recommendations
What does a IT Director need to know about FATF 40 Recommendations?
How does FATF 40 Recommendations affect the IT Director role?
What are the biggest FATF 40 Recommendations challenges for IT Directors?
How should a IT Director prepare for a FATF 40 Recommendations audit?
What tools help IT Directors manage FATF 40 Recommendations compliance?
IT Director: How ready is your organisation for FATF 40 Recommendations?
Answer 25 questions and get a professional readiness report with gap analysis, maturity scores, and prioritised action items. Results in 5 minutes.