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What is the primary aim of combating Money Laundering and Terrorism Financing?
  • a)
    To ensure the legitimate sources of income are not disguised.
  • b)
    To support the growth of virtual assets like cryptocurrencies.
  • c)
    To enhance the efficiency of non-financial sectors.
  • d)
    To provide financial support to terrorist organizations.
Correct answer is option 'A'. Can you explain this answer?
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What is the primary aim of combating Money Laundering and Terrorism F...
The primary aim of combating Money Laundering and Terrorism Financing is to ensure that illegally obtained proceeds are not disguised to appear as if they originated from legitimate sources. This crucial objective underpins efforts to curb financial crimes and disrupt funding to illicit activities, including terrorism. By preventing the concealment of unlawful proceeds, authorities aim to maintain the integrity of financial systems and uphold transparency in financial transactions, ultimately contributing to global security and stability.
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What is the primary aim of combating Money Laundering and Terrorism Financing?a)To ensure the legitimate sources of income are not disguised.b)To support the growth of virtual assets like cryptocurrencies.c)To enhance the efficiency of non-financial sectors.d)To provide financial support to terrorist organizations.Correct answer is option 'A'. Can you explain this answer?
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What is the primary aim of combating Money Laundering and Terrorism Financing?a)To ensure the legitimate sources of income are not disguised.b)To support the growth of virtual assets like cryptocurrencies.c)To enhance the efficiency of non-financial sectors.d)To provide financial support to terrorist organizations.Correct answer is option 'A'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about What is the primary aim of combating Money Laundering and Terrorism Financing?a)To ensure the legitimate sources of income are not disguised.b)To support the growth of virtual assets like cryptocurrencies.c)To enhance the efficiency of non-financial sectors.d)To provide financial support to terrorist organizations.Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the primary aim of combating Money Laundering and Terrorism Financing?a)To ensure the legitimate sources of income are not disguised.b)To support the growth of virtual assets like cryptocurrencies.c)To enhance the efficiency of non-financial sectors.d)To provide financial support to terrorist organizations.Correct answer is option 'A'. Can you explain this answer?.
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