What is the meaning of FATF?
The Financial Action Task Force (FATF) is an inter-governmental organisation with the objective of combating money laundering and terrorist financing.
It is tasked with setting international standards to prevent money laundering and terrorist financing.
It also evaluates and monitors the AML/CFT framework of various countries to check their efficiency.
This protects the international financial system from the menace of money laundering and other financial crimes.
To understand the FATF and its objectives, check out this blog post: