Multiple Choice Questions on Consider the following statements FATF is a non governmental body It is an initiative of G20 nations........... for UPSC Civil Services Examination (General Studies) Preparation

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Multiple Choice Questions

Consider the following statements FATF is a non governmental body It is an initiative of G20 nations...........

India and the world Indo-West Asia
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    Consider the following statements:

    1. FATF is a non governmental body.
    2. It is an initiative of G20 nations.
    3. It works for combating money laundering, terrorist financing .

    Which of the statements given above is/are correct? 

    1 and 2 only

    Incorrect Answer

    1 and 3 only

    Incorrect Answer

    3 only

    Correct Answer

    All of the above

    Incorrect Answer
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    Explanation:

    Explanation

    •  The Financial Action Task Force (FATF) is an inter-governmental body established in 1989 on the initiative of the G7.
    • The objectives of the FATF are to set standards and promote effective implementation of legal, regulatory and operational measures for combating money laundering, terrorist financing and other related threats to the integrity of the international financial system.

    By: Dr.Dharminder Singh
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