Such international organizations as the International Monetary Fund, the World Bank and the Basle Committee on Banking Supervision have also developed an array of principles and guides.
Because of the transnational nature of money laundering, the G-7 Summit in Paris decided in July 1989 to establish the Financial Action Task Force (FATF), in a bid to examine the cooperative results with respect to combating money laundering through banks and the financial system, to improve laws and rules in AML and measures, and to strengthen preventive AML measures through multi-lateral judiciary assistance.