The Financial Action Task Force (FATF) is the global money laundering and terrorist financing watchdog that sets international standards aimed at preventing these illegal activities. The FATF has developed the FATF Recommendations, or FATF standards, with more than 200 countries and jurisdictions committed to their implementation. The FATF monitors countries through ongoing rounds of peer reviews called Mutual Evaluations, to ensure that FATF Standards are implemented appropriately and hold countries that do not comply accountable.