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Regarding the terror financing, consider the following statements:
1. Ransom money paid to a terrorist organisation to secure one's business is not considered terror funding, according to the Supreme Court.
2. The mandate of the Financial Action Task Force was extended to include terrorist funding in 2001.
Which of the statements given above is/are correct?
  • a)
    1 only
  • b)
    2 only
  • c)
    Both 1 and 2
  • d)
    Neither 1 nor 2
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
Regarding the terror financing, consider the following statements:1. R...
Extortion money paid to a terrorist organisation to protect one’s business is not terror funding, the Supreme Court has said in a judgment.
  • With this, Supreme Court granted bail to a Jharkhand coal transporter who had paid huge amounts to the Tritiya Prastuti Committee (TPC), a breakaway faction of the CPI (Maoist).
  • The Financial Action Task Force on Money Laundering (FATF) has made recommendations to members relating to counter terrorism financing (CTF). It has created a Blacklist and Greylist of countries that have not taken adequate CTF action.
  • FATF is an intergovernmental organisation founded in 1989 on the initiative of the G7 to develop policies to combat money laundering. In 2001, its mandate was expanded to include terrorism financing.
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Regarding the terror financing, consider the following statements:1. Ransom money paid to a terrorist organisation to secure ones business is not considered terror funding, according to the Supreme Court.2. The mandate of the Financial Action Task Force was extended to include terrorist funding in 2001.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?
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Regarding the terror financing, consider the following statements:1. Ransom money paid to a terrorist organisation to secure ones business is not considered terror funding, according to the Supreme Court.2. The mandate of the Financial Action Task Force was extended to include terrorist funding in 2001.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about Regarding the terror financing, consider the following statements:1. Ransom money paid to a terrorist organisation to secure ones business is not considered terror funding, according to the Supreme Court.2. The mandate of the Financial Action Task Force was extended to include terrorist funding in 2001.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Regarding the terror financing, consider the following statements:1. Ransom money paid to a terrorist organisation to secure ones business is not considered terror funding, according to the Supreme Court.2. The mandate of the Financial Action Task Force was extended to include terrorist funding in 2001.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?.
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