Financial Action Task Force
- Company typePrivate
- Founded1989
- HeadquartersParis, France
- Headcount—
- GTM typeB2B
- OfferingServices
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.
Financial Action Task Force firmographics
Firmographics- 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
Financial Action Task Force industry classification
Industry- 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
Where Financial Action Task Force is headquartered
LocationHeadquarters
- HQ city
- Paris
- HQ country
- France
- HQ region
- Europe
Offices2 records
Markets served
Financial Action Task Force business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Others
Revenue model
- 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.
- 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
Financial Action Task Force product offering
Product offeringCore 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
Companies that use Financial Action Task Force
Customer profileNamed customers1 record
Segments1 record
Ideal customer profiles1 record
Financial Action Task Force technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Financial Action Task Force partnerships and signals
Strategic signalPartnerships
15 partnerships are on record, tiered core.
- International Monetary Fund (IMF)coreThe 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 BankcoreThe 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)coreFATF 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 UnitscoreThe 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.
- G20coreFATF 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.
- OECDcoreThe 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)coreAPG 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)coreCFATF 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)coreEAG 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)coreESAAMLG 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)coreGABAC 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)coreGAFILAT 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)coreGIABA 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)coreMENAFATF 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)coreMONEYVAL 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
Financial Action Task Force competitors and assessment
Company assessmentBroad 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
Financial Action Task Force social profiles
Digital presenceFinancial Action Task Force financial estimates
Financial estimateRevenue estimate
Valuation estimate
Financial Action Task Force leadership team
Management profileNumber of profiles
Profiles3 records
Financial Action Task Force funding detail
Funding detailFunding overview
Funding rounds
Investors
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Financial Action Task Force M&A and investment
M&A and investmentM&A
Investments
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Frequently asked questions about Financial Action Task Force
What does Financial Action Task Force do?
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.
Is Financial Action Task Force a public or private company?
Financial Action Task Force is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was Financial Action Task Force founded?
Financial Action Task Force was founded in 1989.
Where is Financial Action Task Force based?
Financial Action Task Force is headquartered in Paris, France, in the Europe region.
How does Financial Action Task Force make money?
Two revenue lines are on record. Member Contributions are the primary driver. The others are OECD Secretariat Services.
Who are Financial Action Task Force's main competitors?
Broad incumbents on record are Financial Stability Board (FSB), World Bank, International Monetary Fund (IMF), Organisation for Economic Co-operation and Development (OECD) and United Nations Office on Drugs and Crime (UNODC). European Banking Authority (EBA) is listed as a regional player. Direct peers are International Organization of Securities Commissions (IOSCO), Basel Committee on Banking Supervision (BCBS) and Egmont Group of Financial Intelligence Units. Wolfsberg Group is listed as an emerging player.
Does Financial Action Task Force have an API?
No public API is recorded for Financial Action Task Force.
What industry is Financial Action Task Force in?
Financial Action Task Force's product category is Financial Regulatory Standards Setting. Its primary akta.pro industry code is BPAIAAAB, Central Government Policy, Strategy & Performance (incl. OMB-style functions), with a secondary code of BPAGAKAH, International Grantmaking & Development Foundations. Its NAICS code is 9281 and its SIC code is 8888.