FATF Full Form In English
The Financial Action Task Force (FATF) is an intergovernmental organization established in 1989 to develop policies and set standards to combat money laundering, terrorist financing, and other threats to the international financial system. FATF monitors countries’ progress in implementing its recommendations and provides guidance to strengthen financial regulations worldwide. Its main aim is to promote transparency and protect the integrity of the global financial system.
FATF Full Form In Hindi
वित्तीय कार्रवाई कार्य बल (FATF) एक अंतर-सरकारी संगठन है जिसे 1989 में स्थापित किया गया था। इसका मुख्य उद्देश्य मनी लॉन्ड्रिंग (अवैध धन शोधन), आतंकवादी वित्तपोषण और अंतरराष्ट्रीय वित्तीय प्रणाली के अन्य खतरों से निपटने के लिए नीतियाँ विकसित करना और मानक निर्धारित करना है। FATF देशों की प्रगति की निगरानी करता है और वित्तीय नियमों को मजबूत बनाने के लिए मार्गदर्शन प्रदान करता है। इसका मुख्य लक्ष्य वैश्विक वित्तीय प्रणाली में पारदर्शिता और अखंडता को बनाए रखना है।
Read More: PVC KA Full Form In English And Hindi
Frequently Asked Questions
What does FATF do?
FATF sets international standards to prevent money laundering, terrorist financing, and other threats to the global financial system. It also monitors countries’ implementation of these standards.
When was FATF established?
FATF was established in 1989 by the G7 countries to combat financial crimes and promote secure financial practices worldwide.
Where is FATF headquartered?
The FATF Secretariat is located in Paris, France.
Which countries are members of FATF?
FATF has 40+ member countries, including major economies such as the United States, United Kingdom, India, and Germany.
How does FATF monitor countries?
FATF conducts peer reviews called Mutual Evaluations to assess how well countries comply with its recommendations and suggests improvements where necessary.
Why is FATF important?
FATF is important because it protects the integrity of the global financial system, helps prevent the misuse of financial systems for illegal activities, and promotes international cooperation.
Conclusion
The Financial Action Task Force (FATF) plays a vital role in safeguarding the global financial system. By setting standards to combat money laundering and terrorist financing, FATF ensures transparency, accountability, and international cooperation. Its efforts help countries strengthen their financial regulations and maintain economic security worldwide.
