FATF Ministers give FATF an open-ended Mandate

FATF's mandate reflects the need for FATF to continue to lead decisive, co-ordinated and effective global action to counter the threats of the abuse of the financial system.

The FATF Recommendations

The FATF Recommendations are the basis on which all countries should meet the shared objective of tackling money laundering, terrorist financing and the financing of proliferation. The FATF calls upon all countries to effectively implement these measures in their national systems.

History of the FATF

The FATF was established in 1987 to tackle money laundering. Since then, its mandate has expanded to combat terrorist financing and the financing of proliferation of weapons of mass destruction.