Financial Action Task Force (FATF)

The Financial Action Task Force (FATF) is an international organization established in 1989 to combat money laundering, terrorist financing, and other threats to the integrity of the global financial system. It sets guidelines and standards for countries to follow in order to enhance cooperation and strengthen measures against financial crimes. FATF evaluates countries' efforts through a mutual evaluation process and monitors compliance, which helps ensure that nations effectively manage risks and protect their financial systems from misuse. By promoting transparency and accountability, FATF aims to create a safer and more secure global economy.