# FATF

> The Financial Action Task Force. The global standard-setter for anti-money-laundering and counter-terrorist-financing rules.

Canonical URL: https://fudfomo.co/glossary/fatf
Source: What The Block! Dictionary v1.0 (last updated 2026-04-25), browsable at https://wtb.fudfomo.co.

## Definition

FATF, the Financial Action Task Force, is an inter-governmental body that sets the global standards for fighting money laundering and terrorist financing. Member countries are expected to translate its recommendations into local law.

In crypto, FATF guidance is what introduced concepts like the Travel Rule and the definition of a Virtual Asset Service Provider. National regulators look to FATF when shaping their own rules.

## Regulatory context

FATF does not enforce rules itself. Its grey-list and black-list of non-compliant countries can have significant economic impact.

## Related terms

- [AML](https://fudfomo.co/glossary/aml): Anti-money laundering. The rules and checks that stop crypto being used to hide the origin of dirty money.
- [KYC](https://fudfomo.co/glossary/kyc): Know Your Customer. The identity checks an exchange runs before letting you trade.
- [Travel Rule](https://fudfomo.co/glossary/travel-rule): A regulation that requires crypto firms to share sender and recipient information when transferring above a threshold.
- [VASP](https://fudfomo.co/glossary/vasp): Virtual Asset Service Provider. A FATF term for any business that handles crypto on behalf of customers.

## See the full catalogue

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