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Education Infomedia

Financial Action Task Force

Financial Action Task Force

Financial Action Task Force

The Financial Action Task Force (on Money Laundering) or FATF was an intergovernmental body established in 1989 to formulate policies to prevent money laundering.

In 2001, its scope was expanded and policy making against providing funds to terrorism was also included in its scope. Its secretariat is at the headquarters of the Organization for Economic Cooperation and Development, Paris.

Financial Action Task Force

TitleValue
AbbreviationFATF
Establishment1989
TypeIntergovernmental organization
ObjectiveCombat money laundering and terrorism financing
HeadquartersParis/France
Field servedWorldwide
Membership37
Official languageEnglish & French
RelatedAsia/Pacific Group on Money Laundering (APG)
Caribbean Financial Action Task Force (CFATF)
The Council of Europe Committee of Experts on the Evaluation of Anti-Money
Laundering Measures and the Financing of Terrorism (MONEYVAL)
Financial Action Task Force on Money Laundering in South America (GAFISUD)
Middle East and North Africa Financial Action Task Force (MENAFATF)