On 6 February 2017, the Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht – BaFin) released a German convenience translation of the Financial Action Task Force (FATF) guidance dated 21 October 2016 regarding the anti-money laundering (AML) and terrorist financing (TF) requirements in the context of correspondent banking services (Leitfaden zu Korrespondenzbankdienstleistungen).