Proper noun
FATF
Initialism of Financial Action Task Force: an intergovernmental body established by the G7 Summit in 1989 to combat money laundering and (more recently) the financing of terrorism.
Countries that fall under the regime of the FATF could see a dampening effect on foreign direct investment because the financial system is seen as being under the influence of corrupt groups or individuals. Source: Internet
He said they tried to blackmail him for alleged election rigging, economic crisis, COVID-19, and even FATF (Financial Action Task Force) related legislation despite knowing the Indian efforts to put Pakistan in its blacklist. Source: Internet
A sub-group of the global terror financing watchdog FATF on Tuesday recommended continuation of Pakistan in the ‘Grey List’ for its failure to check terror funding. Source: Internet
Hafiz Saeed’s conviction is seen in New Delhi as a move to impress the FATF before a crucial session. Source: Internet
However, the government has taken note of the fact that the decision has been made on the eve of the FATF plenary meeting. Source: Internet
“Indeed, the International Country Risk Guide (ICRG) in their report to the FATF Plenary meetings in February, 2020 acknowledged that all timelines due have been met and some action items addressed even ahead of their timelines,” it added. Source: Internet