FATFrelated
The Financial Action Task Force (FATF) is an intergovernmental body established in 1989 to set standards and promote 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. The FATF's work is guided by the FATF Recommendations, a set of 40 standards that provide a comprehensive framework for effective money laundering and terrorist financing prevention and control.
The FATF's membership consists of 39 jurisdictions, including 38 countries and the European Commission. The FATF's
The FATF's work is based on a risk-based approach, which takes into account the specific risks and
The FATF's work is guided by a set of principles, including the principle of mutual evaluation, which
The FATF's work is also guided by the principle of cooperation, which emphasizes the importance of international
The FATF's work is guided by the principle of proportionality, which requires jurisdictions to implement measures
The FATF's work is guided by the principle of public-private sector cooperation, which emphasizes the importance