FATF definition

FATF means the Financial Action Task Force, an inter-governmental body established to set standards and promote effective implementation of legal, regulatory and operational measures for combating money laundering, terrorist financing and other related threats to the integrity of the international financial system.

Examples of FATF in a sentence

  • FATF-Compliant Jurisdiction—one that is a member in good standing of FATF and has undergone two rounds of FATF mutual evaluations.

  • Non-Cooperative Jurisdiction—any non-U.S. country that has been designated as non-cooperative with international anti-money laundering principles or procedures by an intergovernmental group or organization, such as the FATF, of which the United States is a member and with which designation the United States representative to the group or organization continues to concur.


More Definitions of FATF

FATF means the intergovernmental body known as the Financial Action Task Force;
FATF means The Financial Action Task Force (on Money Laundering), an intergovernmental organization founded in 1989 to develop policies to combat money laundering;
FATF shall have the meaning specified in the definition ofProhibited Investor.”
FATF means the international body known as the Financial Action Task Force;
FATF means the international body known as the Financial Action Task Force or such other international body as may succeed it;
FATF means the intergovernmental body known as the Financial Action Task Force created in 1989;