FATF (Financial Action Task Force) Definition
The Financial Action Task Force (FATF) is an intergovernmental organization established in 1989 by the G7 to set international standards and promote the effecti
The Financial Action Task Force (FATF) is an intergovernmental organization established in 1989 by the G7 to set international standards and promote the effective implementation of legal, regulatory, and operational measures for combating money laundering, terrorist financing, and other related threats to the integrity of the international financial system. Its core function is to develop and promote the FATF 40 Recommendations, which serve as the global Anti-Money Laundering (AML) and Counter-Terrorist Financing (CFT) benchmark for over 200 jurisdictions worldwide.