FATF

Laundering) (FATF) is an intergovernmental organization founded in 1989 on the initiative of the G7 to develop policies to combat money laundering. In 2001 its mandate expanded to include terrorism financing. It monitors progress in implementing the FATF Recommendations through "peer reviews" ("mutual evaluations") of member countries. The FATF Secretariat is housed at the OECD headquarters in Paris. Since 2000, to fight money laundering and terror financing the FATF maintains the current list of nations: FATF blacklist (formally called the "Call for action") and the "FATF greylist" (formally called the '"Other monitored jurisdictions").