Explanation

• The FATF is an intergovernmental organization on the initiative of the G7 to develop policies to combat money laundering.
• The FATF was founded in 1989.
• The Financial Action Task Force is also known by its French name "Groupe d'action Financiere (GAFI)".
• FATF has maintained the FATF blacklist and the FATF greylist since 2000.
• Turkey and Israel are also members of FATF.
• FATF had 39 full members, comprising 37 member jurisdictions and 2 regional organizations as of 2019.

Additional Information 

• Some important members of FATF are following:-
  • India
  • United States
  • Japan
  • Australia
  • Belgium
  • Brazil
  • Austria
  • Canada
  • China
  • Finland
  • France
  • Germany
  • Denmark
  • Greece