The Financial Action Task Force (FATF) is an international organization that aims to develop and promote policies, on a national and international level, designed to combat money laundering and the financing of terrorism. Since its establishment, the organization has been leading the effort in the adoption and implementation of measures to prevent criminals from abusing the financial system. Israel was accepted as a full member of the FATF in 2018, after holding observer status for the two years. The FATF's 2018 Evaluation Report found that Israel was among the top three most of effective countries in terms of counter-money laundering.