Financial Action Task Force (FATF) :

▪️It is an intergovernmental body established in 1989 by G-7 countries in Paris, France. 

▪️The objectives of the FATF are to set standards and promote effective implementation of measures for combating: Money laundering; Terrorist financing; and threats to the integrity of the international financial system.

▪️FATF issues a list of ‘Non-Cooperative Countries or Territories’ (NCCTs), commonly called the (FATF Blacklist). 

▪️FATF Blacklist - These countries are considered to be uncooperative in international efforts against money laundering and terrorism financing.

▪️FATF Grey List - The Countries added to this list are with deficiencies in anti-money laundering and/or countering the financing of terrorism, for which they have developed an action plan with the FATF.