FATF stands for the Financial Action Task Force, which is an intergovernmental organization established in 1989. Its primary goal is to develop policies to combat money laundering, terrorist financing, and other threats to the international financial system.
A. To ensure the monitoring of terrorist financing through international coordination
B. To impose sanctions on high-risk countries
C. To verify the identity of customers when they open accounts
D. To establish international trade rules
A. United Nations Security Council
B. International Criminal Police Organization (INTERPOL)
C. National financial intelligence units (FIUs)
D. World Bank
A. They can face economic sanctions and loss of trade privileges
B. They can be expelled from the UN
C. They can face military intervention
D. They can increase their international debt
A. Every year
B. Every two years
C. Every five years
D. Every decade
A. Financial Sanctions List
B. Blacklist of Non-Compliant Countries
C. High-Risk Jurisdictions List
D. Risk Monitoring List
A. Once a year
B. Twice a year
C. Every quarter
D. Every two years
A. Counter-terrorism financing
B. Anti-money laundering
C. Currency exchange regulation
D. Financial transparency
A. Recommendation 2
B. Recommendation 8
C. Recommendation 10
D. Recommendation 9
A. United States
B. Saudi Arabia
C. India
D. Japan
A. To define global financial regulations
B. To issue global trade agreements
C. To review compliance of member countries and issue recommendations
D. To regulate the exchange rates between different countries
