What is FATF (Financial Action Task Force)?

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The Financial Action Task Force (FATF) is an intergovernmental organization established in 1989 by the G7 to set international standards and promote the effective implementation of legal, regulatory, and operational measures for combating money laundering, terrorist financing, and other related threats to the integrity of the international financial system. Its core function is to develop and promote the **FATF 40 Recommendations**, which serve as the global Anti-Money Laundering (AML) and Counter-Terrorist Financing (CFT) benchmark for over 200 jurisdictions worldwide.

FATF (Financial Action Task Force)

What is FATF (Financial Action Task Force)?

What are the FATF 40 Recommendations and how do they form the global standard for AML/CFT?

How does the FATF enforce its standards through the Mutual Evaluation Process and the Grey/Black Lists?

What is the FATF's direct and indirect impact on a financial institution's AML, KYC, and sanctions compliance programs?

Beyond financial institutions, what is the FATF's impact on Designated Non-Financial Businesses and Professions (DNFBPs) and the global economy?

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