Financial action task force (FATF)

The FATF (finical action task force) is a global watchdog created at the G7 summit held in France in 1989. the function of FTAF is to combat money laundering and terrorist financing by implementing a series of legislative measures among 200 countries that are under FATF jurisdiction. FATF compromise of 39 members representing major finical hubs around the globe. FATF is headed by a president, recently Dr. Marcus Pleyer of Germany, and a vice president Elisa de Anda Madrazo of Mexico serving from 1 July 2020 to 30 June 2021. They are selected by the Plenary among its 39 members. The FATF has jurisdiction Read more. . . .