Given the number of international treaties already in place in relation to money laundering and anti-terrorism financing, why is there a need for an additional body like the FATF? What does the FATF contribute in the area of financial crimes monitoring and prevention that was lacking under the previous regime? Do you think the FATF Recommendations are a useful addition to the international regulatory landscape in this area? Why/why not? If you could revise or expand on the FATF Recommendations, what changes would you propose?