what is the role of the financial action task force
Financial Action Task Force on Money Laundering The Financial Action Task Force (on Money Laundering) (FATF), also known by its French name, Groupe d'action financiÃ¨re (GAFI), is an intergovernmental organization founded in 1989 on the initiative of the G7 to develop policies to combat money laundering. In 2001 its mandate expanded to include terrorism financing. It monitors progress in implementing the FATF Recommendations through "peer reviews" ("mutual evaluations") of member countries. The FATF Secretariat is housed at the OECD headquarters in Paris.
United States Department of State The Executive Branch and the U.S. Congress have constitutional responsibilities for U.S. foreign policy. Within the Executive Branch, the Department of State is the lead U.S. foreign affairs agency, and its head, the Secretary of State, is the President's principal foreign policy advisor. The Department advances U.S. objectives and interests in the world through its primary role in developing and implementing the President's foreign policy. It also provides an array of important services to U.S. citizens and to foreigners seeking to visiernational crime, foreign military training programs, the services the Department provides, and moreâ€”are paid for by the foreign affairs budget, which represents little more than 1% of the total federal budget. As stated by the Department of State, its purpose includes: