Tuesday, 1 October 2024

FATF ( FINANCIAL ACTION TASK FORCE)

What Is FATF ? 

* Financial Action Task Force 

* FATF Is The Global Money Laundering And Terrorists Financing Watchdog.

* Established In 1989 By G7 (To Examine And Develop The Measure The Combat Money Laundering)

* In 2001 It Expanded To Efforts To Combat Terrorist Financing, Money Laundering)

* In 2012 Added EFFORTS To Counter The Financing Of Proliferation Of Weapons Of Mass Destruction

* Total Members- 40 Countries 

* 38 Members Countries & 2 Regional Organisation (Gulf Cooperation Council & European Commission) 

* in February 2023 FATF Suspended Membership Of Russia 

* BLACK LIST COUNTRIES - Iran, North Korea, Myanmar 

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