FATF, the Financial Action Task Force, is the intergovernmental standard-setter for anti-money laundering, counter-terrorist financing, and counter-proliferation financing controls. Its Recommendations are not statutes by themselves, but countries use them to build laws, supervisory expectations, and guidance for financial institutions, VASPs, and other covered businesses.
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Glossary term
What is FATF?
FATF, the Financial Action Task Force, is the intergovernmental standard-setter for anti-money laundering, counter-terrorist financing, and counter-proliferation financing controls. Its Recommendations are not statutes by themselves, but countries use them to build laws, supervisory expectations, and guidance for financial institutions, VASPs, and other covered businesses.