Financial Action Task Force (FATF)

FATF

The Financial Action Task Force (FATF) is the international watchdog on money laundering and terrorism financing. The Financial Action Task Force (FATF) was founded in July 1989 by a Group of Seven (G-7) Summit in Paris, with the initial goal of studying and developing money laundering prevention measures. In addition to money laundering, the FATF’s mandate was broadened in October 2001 to include measures to combat terrorism financing. It increased its efforts to combat the financing of weapons of mass destruction proliferation in April 2012. The FATF has had a set lifespan from its formation, requiring its Ministers to make a precise choice to keep it going. FATF Ministers approved a new, open-ended mandate for the FATF in April 2019, three decades after its inception.

  • Financial Action Task Force (FATF)
  • History of FATF
  • Objectives of FATF
  • Jurisdiction under Increased Monitoring
  • High-Risk Jurisdiction
  • Review status of FATF in India

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