Financial Action Task Force

The Financial Action Task Force (FATF) is an intergovernmental organization founded in 1989 that sets international standards and promotes the implementation of legal, regulatory, and operational measures to combat money laundering, terrorist financing, and other related threats to the integrity of the international financial system. FATF's recommendations are recognized as the global anti-money laundering and counter-terrorist financing standard. The organization's primary strategy includes identifying national-level vulnerabilities with the aim of protecting the global financial system from misuse. By ensuring jurisdictions comply with its standards, FATF plays a key role in safeguarding the financial system’s stability and integrity.