Founded in 1989, the Financial Action Task Force (FATF) is an inter-governmental body whose purpose is to set international standards for combating Money Laundering (ML), Terrorist Financing (TF), and other related threats to the integrity of the international financial system. While FATF has 39 official members and jurisdictions, it depends on the support of nine FATF-style regional bodies (FSRBs) to ensure that its policies extend to all corners of the world.