Financial Action Task Force

The Financial Action Task Force (FATF) is an international organization established to combat money laundering and terrorist financing. Founded in 1989, it brings together countries to develop policies and share information that help ensure financial systems are secure and transparent. The FATF sets global standards for financial regulations and monitors compliance, promoting cooperation among nations to combat financial crimes. Its recommendations aim to protect the integrity of financial markets and encourage governments to strengthen their oversight and enforcement capabilities. By doing so, the FATF helps safeguard economies from illicit activities.