FATF – Financial Action Task Force. It is an intergovernmental organization was established in 1989 at the behest of the G7 Countries to formulate policies aimed at combating money laundering and safeguarding specific interests. In 2001, its scope was broadened to encompass the financing of terrorism. The FATF comprises 40 members, which include both nations and regional entities such as the European Commission and the Gulf Cooperation Council. These members play a central role in the worldwide initiatives aimed at combating these offenses.
