Explanation

• FATF stands for Financial Action Task Force
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• The Financial Action Task Force (FATF) is the global money laundering and terrorist financing watchdog.
  
• The Financial Action Task Force (FATF) was founded in 1989

• One year is the tenure of FATF President Ship which rotates among member Countries

• FATF Headquarters is located in Paris

• FATF Members countries are 39
• FATF's Official languages are English and French