Glossary of terms commonly used in the Wallet


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The FATF is the abbreviation for the Financial Action Task Force on Money Laundering. Also known as the Financial Action Task Force or GAFI, it was established in 1989 in response to the Economic Declaration held in Paris. The secretariat of the FATF is therefore located in Paris.


FRB stands for “Federal Reserve Board” and refers to the Board of Governors of the Federal Reserve System, which, under the FRS (Federal Reserve System), oversees the Federal Reserve Banks in major cities across the country and is positioned as the central bank of the United States.

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