Financial Action Task Force (FATF)

 FATF is an inter-governmental "policy making" body established in 1989 by the Ministers of its Member jurisdictions.

 The FATF Secretariat is housed at the headquarters of the OECD in Paris.

 The objectives of the FATF are to set standards and promote effective implementation of legal, for combating money laundering, terrorist financing and other related threats to the integrity of the international financial system.

 The FATF has developed a series of Recommendations that are recognised as the international standard for combating of money laundering and the financing of terrorism and proliferation of weapons of mass destruction.

 FATF released recommendations like "Forty plus Nine", ―Non-Cooperative Countries or Territories" (NCCTs), commonly called the FATF Blacklist.