FATF

FATF, or the Financial Action Task Force, is an international organization that sets standards to prevent illegal financial activities like money laundering, terrorism financing, and other financial crimes. It creates rules and encourages countries to implement effective measures to detect, report, and stop such activities. By promoting global cooperation and transparency, FATF helps maintain the integrity of the international financial system and reduce the risks associated with financial crimes. Its efforts support safer, more trustworthy financial transactions worldwide.