Recently Financial Action Task Force (FATF) in its report said, India should aim to reduce the number of pending trials in money laundering cases by making major changes to increase the capacity of the court system, and potentially the capability of the Enforcement Directorate (ED). In this context which of the following is/are correct regarding FATF?
1. It is an intergovernmental organization.
2. It was founded on the initiative by BRICS
3. It was founded to develop policies to combat money laundering and to maintain certain interest.