FATF

The Financial Action Task Force (FATF) is an intergovernmental body dedicated to combating money laundering and terrorist financing globally. Established to set international standards, the FATF conducts comprehensive research to identify the evolving methods utilized by criminals to launder illicit assets and to finance terrorism. The organization strengthens safeguards and assesses country-level implementation of these standards through peer reviews.

FATF Recommendations serve as the cornerstone of its work, providing countries with guidelines to enhance financial transparency and take effective action against illicit activities. Additionally, FATF engages in various critical areas, including the evaluation of high-risk jurisdictions, tackling terrorist financing, addressing corruption, and promoting financial inclusion. The organization also monitors developments in virtual assets to prevent misuse in criminal activities and explores digital advancements to improve compliance efforts.

Through its extensive publications and consultations, FATF strives to ensure that the financial system is resilient against abuse, ultimately fostering a safer global economic environment.