The Financial Action Task Force (FATF) is an intergovernmental body that was established to address challenges to the integrity of the global financial system, including money laundering and the funding of terrorism.
A nation that has committed to resolving strategic shortcomings in its anti-money laundering (AML) and counter-terrorism financing (CTF) regimes is signaled by being put on the FATF grey list.
However, the economics, governance, and foreign relations of a country are all significantly impacted by its placement on the grey list.
