It is Financial Action Task Force (FATF)-style regional body for Asia-Pacific region to develop policies to combat money laundering and terror financing.

• It is inter-governmental organisation founded in 1997 in Bangkok, Thailand.
• It consists of 41 member jurisdictions as its members. It also has number of observer jurisdictions and international/regional observer organisations.

The Asia Pacific Group (APG) of the Financial Action Task Force (FATF) has put Pakistan in Enhanced Expedited Follow Up List (Blacklist) for its failure to meet its standards. 

Financial Action Task Force (FATF) is an inter-governmental body established in 1989 on the initiative of the G7. Its Secretariat is housed at the OECD headquarters in Paris.

FATF maintains two different lists of countries: 

• Black List: Countries with strategic deficiencies in anti-money laundering / countering the financing of terrorism measures. FATF calls for action on these countries with counter-measures.
• Grey List: Countries with strategic AML/CFT deficiencies that have not made sufficient progress in addressing the deficiencies or have not committed to an action plan.