This paper provides a comprehensive study of the Financial Action Task Force (FATF) organization. FATF international organization prepares standards and policies to fight money laundering and terrorist financing. The paper focuses on FATF standards and recommendations on Anti Money Laundry and Counter Financing Terrorist AML/CFT, Afghanistan compliance with FAFT recommendations, and result-based management. The main purpose is to identify predominant obstacles that hinder the process of compliance and suggest a set of recommendations that serve as potential solutions. Money laundering and terrorist financing can occur through many different avenues in different sectors of the economy. The avenue keeps changing and renovating, particularly with the latest advancements and the internet. Therefore, it is more important than ever to know the changes that challenge compliance with standards. It is significantly essential for all countries especially the least developed ones comply with FATF recommendations to keep their financial system's integrity. Money laundering, terrorist financing, and smuggling continue threatening the security of the world. They result in sluggish economic development in most of the least developed and developing countries. Part of the reason is that most of the economic activities are informal in these countries. Afghanistan is one of the least developed countries, and now the fact of Taliban taking over Afghanistan and being the world's largest producer of opium, it will lose its financial integrity and pose danger to countries in the region and overseas. Therefore, it is significantly important to find the gaps that result in supporting illicit activities.