Financial Action Task Force (FATF)

FATF was established in 1989 during the G7 Summit in Paris to combat money laundering, and later expanded to include terror financing (post-2001) and proliferation financing.

  • It is headquartered in Paris, France and functions as an inter-governmental policy-making body.
  • It has 39 members, including major economies and regional organisations like the European Commission.
  • FATF issues 40 Recommendations, which serve as global standards for AML/CFT (Anti-Money Laundering/Countering Financing of Terrorism).
  • Countries are placed under Grey List (increased monitoring) or Black List (high-risk jurisdictions) based on compliance.
  • Pakistan has faced intensive monitoring under FATF grey list regime in recent years, with compliance linked ....
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