Financial Action Task Force

What Financial Action Task Force does

The Financial Action Task Force (FATF) is the global intergovernmental watchdog for money laundering, terrorist financing, and proliferation financing, established in 1989 by the G7 and headquartered in Paris. It operates as a standards-setting and assessment body rather than a commercial enterprise, developing and maintaining the FATF Recommendations — a comprehensive set of 40 international standards that over 200 countries and jurisdictions have committed to implement. Its core "products" are the Recommendations themselves, mutual evaluation reports that peer-review country compliance, the high-risk (black) and increased-monitoring (grey) jurisdiction lists, and a stream of methods-and-trends research publications covering areas such as virtual assets, beneficial ownership, terrorist financing, and asset recovery.

The FATF functions as a policy-making organization rather than a technology vendor and does not develop or sell software products. Its governance is exercised through a Plenary of 40 member jurisdictions (including 39 countries plus the European Commission and Gulf Cooperation Council), supported by a Secretariat provided by the OECD at its Paris headquarters. Revenue is generated exclusively via annual member contributions determined under the OECD Part I scale methodology, comprising an equal base fee for each member plus a proportional amount aligned with OECD Standard Scale rules. The Global Network extends FATF's reach through nine FATF-Style Regional Bodies (APG, CFATF, EAG, ESAAMLG, GABAC, GAFILAT, GIABA, MENAFATF, and MONEYVAL), covering over 200 jurisdictions worldwide.

The current strategic agenda is shaped by the incoming UK Presidency (2026–2028) under Giles Thomson, including the newly launched Roadmap 26-28 on Combatting Fraud, expanded work on virtual assets and payment transparency, and continued public-private partnership initiatives. Recent enforcement actions — including the February 2023 suspension of the Russian Federation and the June 2026 removal of Algeria from the grey list — illustrate the political and economic weight of FATF's compliance designations.

Name

Financial Action Task Force

Legal name

Financial Action Task Force (FATF)

Website

https://fatf-gafi.org

Company type

Private

Founded year

1989

Operating status

Operating

Ownership category

akta.pro rank

Product category

Financial Regulatory Standards Setting

NAICS

National Security and International Affairs (9281), Public Finance Activities (921130)

SIC

Foreign Governments (8888), International Affairs (9721)

akta.pro primary industry

Central Government Policy, Strategy & Performance (incl. OMB-style functions) (BPAIAAAB)

akta.pro secondary industries

International Grantmaking & Development Foundations (BPAGAKAH), Results-Based Financing (RBF) & Performance-Based Grants (BPADAOAF)

Keywords

• Anti-money laundering
• Terrorist financing prevention
• Regulatory standards setting
• Mutual evaluations
• Financial compliance

Headquarters

HQ city

Paris

HQ country

France

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Others

Revenue model

1. Member Contributions: FATF is funded by annual budget contributions from its member countries. The Plenary determines the level of individual Member contributions to the FATF budget consistent with the OECD Part I scale methodology, comprising an equal base fee for all member countries and a proportional amount in line with OECD Standard Scale rules.
2. OECD Secretariat Services: The Secretariat service is provided by the OECD, and the Secretariat is located at the OECD Headquarters in Paris. The cost of the Secretariat and other services are met by the FATF budget to which Members contribute.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels9 records

Core offering

FATF is the global intergovernmental standard-setting body for combating money laundering, terrorist financing, and proliferation financing. Its primary deliverable is the FATF Recommendations—a set of 40 internationally recognized standards—and it conducts mutual evaluations of member jurisdictions to assess compliance. The organization also maintains lists of high-risk and monitored jurisdictions (grey and black lists) and publishes methods, trends, and guidance research.

Product overview

The Financial Action Task Force (FATF) is an inter-governmental body established in 1989 by the G7 that serves as the global money laundering and terrorist financing watchdog. FATF does not operate as a traditional product company but rather as a standards-setting and assessment organization. Its core offering is the FATF Recommendations—a comprehensive set of 40 international standards for combating money laundering, terrorist financing, and proliferation financing. FATF conducts mutual evaluations of countries, maintains lists of high-risk and monitored jurisdictions (grey and black lists), and publishes research on methods and trends through publications such as targeted updates on virtual assets/VASPs, asset recovery guidance, and terrorist financing risk reports. FATF operates through a Global Network of nine FATF-Style Regional Bodies (FSRBs) assessing over 200 jurisdictions. Under the UK Presidency (2026-2028), FATF has launched a Roadmap 26-28 on Combatting Fraud focusing on public-private partnerships to fight fraud.

Differentiator

Problem solved

Functional benefit

Products and services

• FATF Recommendations

Quantifiable outcome

• More than 200 countries and jurisdictions committed to implementing FATF Standards
• +1 more outcomes

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

15 partnerships are on record, tiered core.

• International Monetary Fund (IMF)coreOthers · 1 January 1989The IMF contributes to the development of FATF standards, helps promote effective implementation through country assessments in the Financial Sector Assessment Program, and provides technical assistance and capacity building.
• World BankcoreOthers · 1 January 1989The World Bank contributes to the development of FATF standards, promotes implementation through assessments, and provides technical assistance and capacity building on AML/CFT/CPF.
• United Nations (UN)coreStrategic or Co-development Partner · 1 January 1989FATF maintains engagement with the United Nations and its Security Council. The FATF President maintains continuing engagement with the UN, its Security Council and Committees responsible for issues relevant to the FATF Mandate.
• Egmont Group of Financial Intelligence UnitscoreOthers · 1 January 1989The Egmont Group of Financial Intelligence Units is an observer to FATF and works on matters related to combating money laundering and financing of terrorism and proliferation.
• G20coreStrategic or Co-development Partner · 1 January 1989FATF participates in G20 meetings of Finance Ministers and Central Bank Governors. Since 2016, the FATF Executive Secretary, as G20 Deputy, supports the President for the task force.
• OECDcoreOthers · 1 January 1989The OECD provides Secretariat services to FATF. The Secretariat is located at the OECD Headquarters in Paris. The OECD is used as the channel for FATF services and contributes to FATF's work.
• Asia/Pacific Group on Money Laundering (APG)coreStrategic or Co-development Partner · 1 January 1989APG is one of 9 FATF-Style Regional Bodies (FSRBs) that are Associate Members of FATF. APG conducts mutual evaluations of its member jurisdictions and promotes implementation of FATF standards in the Asia/Pacific region.
• Caribbean Financial Action Task Force (CFATF)coreStrategic or Co-development Partner · 1 January 1989CFATF is an Associate Member of FATF and FATF-Style Regional Body that promotes implementation of FATF standards in the Caribbean region through mutual evaluations and follow-up processes.
• Eurasian Group (EAG)coreStrategic or Co-development Partner · 1 January 1989EAG is an Associate Member of FATF and FATF-Style Regional Body promoting implementation of FATF standards in Eurasian region through mutual evaluations.
• Eastern and Southern Africa Anti-Money Laundering Group (ESAAMLG)coreStrategic or Co-development Partner · 1 January 1989ESAAMLG is an Associate Member of FATF and FATF-Style Regional Body promoting implementation of FATF standards in Eastern and Southern Africa.
• Action Group against Money Laundering in Central Africa (GABAC)coreStrategic or Co-development Partner · 1 January 1989GABAC is an Associate Member of FATF and FATF-Style Regional Body promoting implementation of FATF standards in Central Africa through mutual evaluations.
• Financial Action Task Force of Latin America (GAFILAT)coreStrategic or Co-development Partner · 1 January 1989GAFILAT is an Associate Member of FATF and FATF-Style Regional Body promoting implementation of FATF standards in Latin America through mutual evaluations and follow-up processes.
• Inter Governmental Action Group against Money Laundering in West Africa (GIABA)coreStrategic or Co-development Partner · 1 January 1989GIABA is an Associate Member of FATF and FATF-Style Regional Body promoting implementation of FATF standards in West Africa through mutual evaluations.
• Middle East and North Africa Financial Action Task Force (MENAFATF)coreStrategic or Co-development Partner · 1 January 1989MENAFATF is an Associate Member of FATF and FATF-Style Regional Body promoting implementation of FATF standards in Middle East and North Africa through mutual evaluations.
• Committee of Experts on the Evaluation of Anti-Money Laundering Measures (MONEYVAL)coreStrategic or Co-development Partner · 1 January 1989MONEYVAL is an Associate Member of FATF and FATF-Style Regional Body promoting implementation of FATF standards in Europe (Council of Europe members) through mutual evaluations.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Financial Stability Board (FSB): International body monitoring the global financial system and recommending regulatory policies; shares FATF's intergovernmental membership, G20 linkage, and standards-setting orientation in adjacent financial-integrity domains.
• World Bank: International financial institution partnering with FATF on AML/CFT/CPF capacity building and country assessments. Comparable in intergovernmental status, governance structure, and member-driven funding model.
• International Monetary Fund (IMF): International financial institution that conducts country-level AML/CFT assessments through the Financial Sector Assessment Program and provides technical assistance, directly complementing FATF's standard-setting and mutual evaluation work.
• Organisation for Economic Co-operation and Development (OECD): Intergovernmental policy organization headquartered in Paris that hosts the FATF Secretariat and shares an overlapping governance and standards-setting mandate. OECD Anti-Bribery Convention and broader economic governance work parallel FATF's role as a global standard-setter.
• United Nations Office on Drugs and Crime (UNODC): UN entity with overlapping mandate on money laundering, terrorist financing, and crime. UNODC's role as a global policy and capacity-building body on illicit finance makes it a direct functional peer.

Regional players

• European Banking Authority (EBA): EU-level AML/CFT supervisor and standards body whose work is calibrated to FATF Recommendations. Comparable function at a regional (EU) level, with overlapping member jurisdictions.

Direct peers

• International Organization of Securities Commissions (IOSCO): Global standards-setter for securities regulation, with a similar structure of member authorities, mutual recognition mechanisms, and consensus-driven standard-setting across more than 130 jurisdictions.
• Basel Committee on Banking Supervision (BCBS): International standards-setting body for banking regulation that, like FATF, sets global standards adopted by national regulators and operates through consensus-based governance hosted at the BIS.
• Egmont Group of Financial Intelligence Units: Observer organization to FATF and a global network of Financial Intelligence Units focused on combating money laundering and terrorist financing. Operationally adjacent to FATF and shares the intergovernmental networking model.

Emerging players

• Wolfsberg Group: Association of global banks that publishes AML/CFT frameworks and private-sector guidance. Complementary rather than competitive, but functions as an adjacent private-sector standard-setter that informs FATF's work with the financial industry.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xtwitter.com/FATFNews
• YouTubeyoutube.com/@TheFATF
• LinkedInlinkedin.com/company/financial-action-task-force-fatf-

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Financial Action Task Force