FATFFinancial Action Task Force
An intergovernmental body setting standards against money laundering, terrorist financing and proliferation financing.
What does it mean?
English expansion: Financial Action Task Force
An intergovernmental body setting standards against money laundering, terrorist financing and proliferation financing.
How is this concept used?
FATF develops international standards for combating money laundering, terrorist financing and proliferation financing. Countries put these standards into their own frameworks. Reading a FATF publication helps explain the policy context, but a publication is not a wallet-specific screening result.
Documented examples
Documented example
India: 2024 mutual evaluation
FATF published India’s mutual evaluation on 19 September 2024, reviewing AML/CFT measures and their effectiveness. This is a real example of FATF assessing a national system against its standards.
Source publication: · Source checked:
Documented example
South Africa: 2025 monitoring decision
FATF’s 24 October 2025 statement removed South Africa from increased monitoring after action-plan progress. This dated follow-up decision illustrates how FATF reviews national AML/CFT reforms.
Source publication: · Source checked:
Connection to a wallet report
A reference to FATF in an educational article explains the source of a concept. It does not mean FATF reviewed a particular wallet or endorsed a screening product.
A common misconception
A FATF reference should not be presented as a certificate for an application or its users.
Related reading
- CDD · Customer Due Diligence
- CFT · Countering the Financing of Terrorism
- Virtual-asset rules: legislation and implementation
Put the explanation in context
When you need a wallet report, open the application and follow its normal account and scan process.
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