Regulatory and Oversight Body

Home Overview & Contact Data

https://fatf-gafi.org

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Company Overview

The Financial Action Task Force (FATF) is an inter-governmental organization that plays a pivotal role in combating illicit financial activities, such as money laundering, terrorist financing, and the financing of proliferation of weapons of mass destruction. Headquartered in Paris, France, the FATF operates as a global standard-setter for anti-money laundering (AML) and combating the financing of terrorism (CFT) regulations. As a member of the Organisation for Economic Co-operation and Development (OECD), the FATF collaborates with international partners to develop and implement effective policies and procedures aimed at mitigating money laundering risks. The organization works closely with governments, regulatory bodies, and financial institutions to promote compliance with its recommendations and standards. This collaborative approach enables the FATF to remain at the forefront of global efforts to combat illicit financial activities. The FATF's efforts serve the international community, with a primary focus on protecting the global financial system from the threats posed by money laundering and terrorist financing. By setting international standards and promoting best practices, the FATF helps to ensure that financial institutions operate in a transparent and secure environment. Its work also supports the objectives of the Mexican presidency, which has been actively involved in FATF activities. The organization is led by a president, who is elected by its member countries to oversee its operations and strategic direction.

Tags Used in Website

fatf mexicancompliance fatfmoney launderinglaundering fatfmexican presidencyfatf presidentpresidency fatflaundering risksfatf globalterrorist financing

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