Q. Consider the following statements:
Which of the given above statement/s is/are incorrect?
Q. निम्नलिखित कथनों पर विचार कीजिए:
उपर्युक्त कथनों में से कौन-सा/से सही नहीं है/हैं?
Explanation
Statement 1 is correct. The Financial Action Task Force (FATF) is an inter-governmental body established in 1989 during the G7 Summit in Paris.
Statement 2 is correct. Its Secretariat is located at the Organisation for Economic Cooperation and Development (OECD) headquarters in Paris.
Statement 3 is incorrect. Countries that are considered safe haven for supporting terror funding and money laundering are put in the FATF grey list. This inclusion serves as a warning to the country that it may enter the blacklist. Considered in the grey list countries may face economic sanctions from IMF, World Bank and ADB.
व्याख्या: