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The Financial Action Task Force (FATF) is the international group that sets rules for the fight against funding terrorism and laundering money. It was set up in 1989 at a meeting of the Group of Seven (G-7) in Paris. At the summit, it was agreed that money laundering was becoming a bigger threat to the banking system and financial institutions, so the FATF was created to come up with and promote national and international policies that would help get rid of this threat. FATF Recommendations, also called FATF Standards, make sure that there is a coordinated global response to stop organised crime, corruption, and terrorism. They help the police find the money of people who sell illegal drugs, trafficking people, and do other bad things. FATF wants to invite countries to join that follow these recommendations.