Regulatory bodiesfatf-rec-10
FATF Recommendation 10
The global customer due diligence standard underpinning KYC and beneficial-ownership checks.
FATF Recommendation 10 sets the global Customer Due Diligence (CDD) standard: financial institutions must identify and verify customers and their beneficial owners, understand the relationship's purpose, and conduct ongoing monitoring. It is the backbone of KYC and the reason beneficial-ownership traversal matters, you must reach the natural person behind a chain of entities. OilFlow's KYC pipeline and shell-detection map to that requirement.
Frequently asked
- What does FATF Recommendation 10 mean in oil and commodity trading?
- The global customer due diligence standard underpinning KYC and beneficial-ownership checks.
- How do I check a counterparty that uses FATF Recommendation 10 in a deal?
- The term itself is not enough to clear or condemn a deal. What matters is the counterparty behind the pitch. Screen that name for free against 8 sanctions lists plus PEP and OilFlow's first-party cluster corpus in seconds, or order the full 7-step dossier for $25, and confirm identity documents and banking details independently before you transact.
See also