FATF (Financial Action Task Force) is an intergovernmental organization consisting of over 40 countries, including the USA and the UK, and over 30 organizations, including the World Bank and the IMF.
FATF's purpose is to combat money laundering issues, but it has expanded its mandate to protect the financial system. The FATF achieves its intent by issuing "recommendations" on what countries should do about these issues. This video creates a clear picture of what FATF is all about.
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