Which of the following best describes the FATF Forty Recommendations?

A$)$ Standards for combating crimes associated in one way or another with banks

B$)$ Principles that countries can implement in accordance with their circumstances and constitutional framework to combat

money laundering activities

C$)$ Minimal standards that financial institutions must follow to verify the identity of both foreign and domestic customers at

account opening

D$)$ Standards governing financial transactions between the United States and other countries