The Financial Action Task Force (FATF) is the international body that sets global risk-based standards on anti-money laundering, terrorist financing and financing proliferation of weapons of mass destruction (AML/CFT). It issues recommendations (FATF Recommendations) for adoption by individual jurisdictions, formal Interpretive notes on the recommendations, and related guidance and reports.

On June 21, 2019, the FATF announced that it had adopted an interpretive note (INR.15) to its recommendation on New Technologies to further clarify the applicability of the recommendations to virtual asset activities. It also issued guidance (guidance) to assist countries and businesses on their AML/CFT obligations under the FATF Recommendations regarding virtual asset activities.