Current Affairs Exam  >  Current Affairs Questions  >  With reference to the Financial Action Task F... Start Learning for Free
With reference to the Financial Action Task Force’s (FATF), consider the following statements:
1. FATF is a Paris based UN watchdog.
2. Philippines and Malta are the only countries in the recent grey list published by FATF.
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 'A'. Can you explain this answer?
Verified Answer
With reference to the Financial Action Task Force’s (FATF), cons...
The Financial Action Task Force’s (FATF) plenary session ended its five-day deliberation and put out the list of countries that it has identified to have “strategic deficiencies”.
  • The Paris based UN watchdog that looks after issues like terrorism financing, money laundering and the flow of black money at the global level has retained Pakistan in the list of countries with “strategic deficiencies”. The list is generally referred to as the “grey list”.
  • The grey listing by FATF shows that the issue of money laundering and consequent funding of illicit activities is fast spreading to other countries as well. The latest grey list includes countries like the Philippines, Malta, South Sudan and Haiti.
  • The 39 member grouping works in close coordination with the UN Security Council which evaluates countries for commitment to anti-money laundering and countering the financing of terrorism (AML/CFT).
Pakistan
  • The FATF has noted that Pakistan has made progress in addressing several of the issues that the watchdog has been raising in its plenary sessions. However, Pakistan failed to implement the most crucial of the 27 action items: to act against terror masterminds facing UN sanctions.
  • The latest move from FATF is expected to keep Pakistan under pressure to come clean on its links with the UN-designated terror masterminds Hafiz Saeed, the chief of Lashkar-e-Taiba and Masood Azhar, chief of Jaish-e-Mohammad. Both LeT and JeM are a threat to India as well as to Afghanistan.
  • Hence only statement 1 is correct.
View all questions of this test
Explore Courses for Current Affairs exam

Similar Current Affairs Doubts

Top Courses for Current Affairs

With reference to the Financial Action Task Force’s (FATF), consider the following statements:1. FATF is a Paris based UN watchdog.2. Philippines and Malta are the only countries in the recent grey list published by FATF.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 'A'. Can you explain this answer?
Question Description
With reference to the Financial Action Task Force’s (FATF), consider the following statements:1. FATF is a Paris based UN watchdog.2. Philippines and Malta are the only countries in the recent grey list published by FATF.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 'A'. 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 With reference to the Financial Action Task Force’s (FATF), consider the following statements:1. FATF is a Paris based UN watchdog.2. Philippines and Malta are the only countries in the recent grey list published by FATF.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 'A'. 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 With reference to the Financial Action Task Force’s (FATF), consider the following statements:1. FATF is a Paris based UN watchdog.2. Philippines and Malta are the only countries in the recent grey list published by FATF.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 'A'. Can you explain this answer?.
Solutions for With reference to the Financial Action Task Force’s (FATF), consider the following statements:1. FATF is a Paris based UN watchdog.2. Philippines and Malta are the only countries in the recent grey list published by FATF.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 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for Current Affairs. Download more important topics, notes, lectures and mock test series for Current Affairs Exam by signing up for free.
Here you can find the meaning of With reference to the Financial Action Task Force’s (FATF), consider the following statements:1. FATF is a Paris based UN watchdog.2. Philippines and Malta are the only countries in the recent grey list published by FATF.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 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of With reference to the Financial Action Task Force’s (FATF), consider the following statements:1. FATF is a Paris based UN watchdog.2. Philippines and Malta are the only countries in the recent grey list published by FATF.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 'A'. Can you explain this answer?, a detailed solution for With reference to the Financial Action Task Force’s (FATF), consider the following statements:1. FATF is a Paris based UN watchdog.2. Philippines and Malta are the only countries in the recent grey list published by FATF.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 'A'. Can you explain this answer? has been provided alongside types of With reference to the Financial Action Task Force’s (FATF), consider the following statements:1. FATF is a Paris based UN watchdog.2. Philippines and Malta are the only countries in the recent grey list published by FATF.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 'A'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice With reference to the Financial Action Task Force’s (FATF), consider the following statements:1. FATF is a Paris based UN watchdog.2. Philippines and Malta are the only countries in the recent grey list published by FATF.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 'A'. Can you explain this answer? tests, examples and also practice Current Affairs tests.
Explore Courses for Current Affairs exam

Top Courses for Current Affairs

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev