The Financial Action Task Force (FATF) is an inter-governmental body established in 1989. The objectives of the FATF are to set standards and promote effective implementation of legal, regulatory and operational measures for combating money laundering, terrorist financing and other related threats to the integrity of the international financial system, which all States and competent authorities as regards the fight against money laundering and terrorist financing, the financial institutions and other parties must observe.
The FATF has developed 
40 Recommendations (PDF, 1.13 MB) that are recognised as the international standard. They are regularly updated for taking into account the development of systems as regards money laundering and the financing of terrorism.
The FATF regularly monitors the progress of every Member State in order to guarantee that it observes these Recommendations. It assesses the general efficiency of their counter-measures as regards money laundering and terrorist financing techniques. There are mutual assessments.
Since June 2016, the General Administration of Treasury, represented by Virginia Di Marcoberardino, has become the leader of the Belgian delegation of the FATF.