The Financial Action Task Force (FATF) is an international organisation that sets global standards for combating money laundering, terrorist financing, and other financial crimes. Established in 1989, FATF develops and promotes policies to protect the integrity of the global financial system by encouraging countries to implement effective legal, regulatory, and operational measures. FATF's recommendations are widely recognised and followed by governments and financial institutions worldwide to prevent the misuse of the financial system by criminals. 

In the financial crime compliance space, FATF provides the framework that organisations use to develop their Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) programs. Compliance with FATF guidelines is critical for institutions to meet international regulatory standards and avoid penalties. 

For more information about FATF, you can visit their official website: www.fatf-gafi.org.