Anti-Terror Finance Watchdog: The Financial Action Task Force is an inter-governmental organization established in 1989 to fight money laundering, terrorist financing and other related threats to the reliability of the international financial system. The FATF comprises 39 members including two regional organisations, the European Commission and Gulf Cooperation Council. India is a member of the FATF consultations and its Asia Pacific Group. The FATF (Financial Action Task Force) on Monday (17.02.2020) said several terrorist groups are being benefitted from funds raised through illegal activities and from supporters worldwide in spite of the international terror financing watchdog tightening the standards on flow of money.
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