Financial Action Task Force (FATF)

The Financial Action Task Force (FATF) is an intergovernmental organization that sets global standards for combating money laundering, terrorist financing, and other financial crimes. Its recommendations significantly impact the cryptocurrency industry, particularly the "Travel Rule" which requires virtual asset service providers to share sender and recipient information for transactions above certain thresholds. FATF guidelines influence how countries regulate crypto exchanges, wallets, and DeFi platforms.