FATF (Financial Action Task Force) is an intergovernmental organization that sets standards and promotes effective implementation of legal, regulatory, and operational measures to combat money laundering, terrorist financing, and other related threats to the integrity of the international financial system.hindi\urdu\english
FATF was established in 1989 and has 39 member countries, including the United States, Canada, the United Kingdom, and Australia, among others. Its primary goals are to:
1. Develop and promote policies to protect the global financial system against money laundering and terrorist financing.
2. Set standards and guidelines for countries to follow.
3. Monitor and assess countries' compliance with these standards.
4. Provide training and support to help countries implement effective measures.
FATF's key activities include:
1. Setting standards and guidelines (the "FATF Recommendations")
2. Conducting country evaluations and assessments (Mutual Evaluations)
3. Identifying high-risk jurisdictions (the "FATF Grey List")
4. Providing training and technical assistance
FATF's work helps to:
1. Prevent money laundering and terrorist financing
2. Protect the integrity of the financial system
3. Promote global financial stability and security
Pakistan has been on the FATF Grey List since 2018, requiring the country to implement specific measures to address strategic deficiencies in its anti-money laundering and counter-terrorist financing framework.
Pakistan grey list
Grey list countries
Fatf Black list countries