FATF

The Financial Action Task Force (FATF) is a global organization that leads the fight against money laundering, terrorist financing, and proliferation financing. With 39 member countries, the FATF sets international standards to enable national authorities to effectively combat illicit funds associated with drug trafficking, cyber fraud, the illicit arms trade, and other serious crimes. The organization conducts research on money laundering and terrorism funding, promotes global standards to mitigate risks, and evaluates countries' efforts in taking necessary actions.

Over 200 countries and jurisdictions have committed to implementing the FATF's Standards as part of a coordinated global response to combat organized crime, corruption, and terrorism. The FATF Plenary, the decision-making body, holds countries accountable for non-compliance with the Standards and may designate them as Jurisdictions under Increased Monitoring or High-Risk Jurisdictions. Established in 1989 and headquartered in Paris, the FATF ensures a coordinated global approach to addressing financial crimes and maintaining global financial stability