An independent inter-governmental body that develops and promotes policies to protect the global financial system against money laundering, terrorist financing and the financing of proliferation of weapons of mass destruction. The FATF Recommendations are recognised as the global anti-money laundering (AML) and counter-terrorist financing (CFT) standard. The FATF is also referred to by its French or Spanish acronym, GAFI, or Grupo de Acción Financiera Internacional. In June 2013, the FATF issued a paper called “International Best Practices – Targeted Financial Sanctions Related to Terrorism and Terrorist Financing (Recommendation 6)”. Recommendation 6 of the FATF Recommendations requires member countries to implement the targeted financial sanctions regimes to comply with the UNSCRs related to the prevention and suppression of terrorism and terrorist financing. The Paper, which supersedes the Best Practices Paper of October 2003, as revised in June 2009, sets out non-binding guidance based on updates in relevant UNSCRs and in response to challenges faced by countries in the implementation of Recommendation 6. It seeks to assist countries in developing and implementing targeted financial sanctions to prevent and suppress terrorist financing in accordance with the relevant UNSCRs and in a manner consistent with these fundamental principles, through a robust and transparent targeted financial sanctions regime. See: www.fatf-gafi.org