Other International Bodies

The Financial Action Task Force (FATF) comprises 40 members, including member countries such as Luxembourg, associate members, and observer organisations. Further details on the FATF-style regional bodies (FSRBs) and FATF observer organisations are provided below.

FATF Associate Members


FATF-Style Regional Bodies (FSRBs) are organisations that implement the FATF’s international standards for combating money laundering, terrorist financing, and proliferation financing at a regional level. They bring together multiple countries within a geographical area to assess national frameworks, support the implementation of FATF standards, and strengthen interstate cooperation. Together, the FATF and FSRBs form a global network covering over 200 jurisdictions, ensuring coordinated action against financial crime worldwide.

List of FSRBs:

 

FATF Observer Organisations


Below is a non-exhaustive list of organisations holding observer status with the Financial Action Task Force (FATF).

The Basel Committee on Banking Supervision (BCBS) is the global standard-setter for prudential banking regulations and provides a forum for regular cooperation on banking supervision. It comprises 45 members, including central banks and banking supervisory authorities from 28 jurisdictions.

The Council of Europe brings together 46 member states, representing 700 million citizens. Its mission is to promote democracy, human rights, and the rule of law across Europe and beyond.

The Egmont Group is an international network of Financial Intelligence Units (FIUs) that facilitates cooperation and information exchange to combat money laundering and terrorist financing. It plays a critical role in the global fight against financial crime.

The European Central Bank (ECB) is an EU institution at the core of the Eurosystem and the Single Supervisory Mechanism (SSM). It carries out its missions in close cooperation with national central banks (within the Eurosystem) and national supervisors (within the SSM), particularly in banking supervision.

The World Bank provides technical assistance to countries to strengthen their AML/CFT capacities and conducts compliance assessments against international standards, often in collaboration with the International Monetary Fund (IMF). These assessments help countries identify gaps and improve their systems. The World Bank also promotes cross-border cooperation in combating money laundering and terrorist financing.

The International Monetary Fund (IMF) delivers technical assistance and assessments to help countries enhance their AML/CFT/PF frameworks. With decades of experience in these areas, the IMF has contributed to the development of global AML/CFT/PF measures and their implementation in member countries.

The Organisation for Economic Co-operation and Development (OECD) is a strategic forum and hub for data, analysis, and best practices in public policy. It aims to promote policies designed to improve economic and social well-being worldwide.

The Organisation for Security and Co-operation in Europe (OSCE) works to advance stability, peace, and democracy for over one billion people in its region. It achieves this through political dialogue based on shared commitments and practical fieldwork that delivers lasting impact. Its activities span a broad range of security issues, implemented through field operations and projects across the OSCE region.

The United Nations (UNODC – United Nations Office on Drugs and Crime) mandate covers a wide range of interconnected issues, including:

  • Drugs and Health: Emphasising prevention, treatment, and care for drug use, while strengthening international law enforcement cooperation to combat illicit drug trafficking.
  • Organised Crime and Trafficking: Combating human trafficking (including through the Blue Heart Campaign), smuggling of migrants, firearms trafficking, and illicit markets.
  • Corruption: Promoting effective legal, policy, and institutional frameworks to counter corruption and money laundering, often serving as the guardian of the United Nations Convention against Corruption (UNCAC).
  • Terrorism Prevention: Assisting member states in developing rule-of-law-based judicial responses to terrorism.
  • Crime Prevention and Criminal Justice Reform: Advocating for fair, effective, and human rights-compliant criminal justice systems, including work on prison reform and violence prevention.
  • The UNODC’s work is guided by rule-of-law-based mandates. It collects and analyses data to highlight trends, informing evidence-based action and enabling the identification of critical needs.
Selected UNODC Publications (Non-Exhaustive List):

 

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