Financial Action Task Force (FATF)
The intergovernmental body that sets global standards against money laundering, terrorist financing and proliferation financing.
Overview
Founded in 1989, FATF publishes the 40 Recommendations, including Recommendation 16 on the Travel Rule, assesses countries through mutual evaluations and lists high-risk jurisdictions.
Its powers include publishing standards that others adopt.
Instruments connected to it in this glossary include FATF Recommendations.
Check the official sources below for legal scope, applicable dates and exceptions. This entry is an explanatory reference, not legal advice.
Why it matters
Its standards become requirements once regulators cite them or contracts demand them.
Who it affects
Organisations in financial services.
Where it sits
Ten linked steps connect where you operate to the proof that you complied.
- 01Jurisdiction
- 02Industry
- 03Activity
- 04Authority
- 05Regulation
- 06Requirement
- 07Guidance
- 08Control
- 09Evidence
- 10Enforcement
Connections
The terms most closely tied to FATF. Select one to open it.
What to do about it
- 1Confirm whether FATF has power over you, and through which licence, registration, membership or activity.
- 2Follow its rules, guidance and enforcement publications as they are issued.
- 3Map each obligation it creates to a control with a named owner.
- 4Keep examination-ready evidence for its highest-risk obligations.
From requirement to evidence.
Regulation Layer tracks its publications in the change feed, maps its obligations to your controls.
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