Q. ‘This international organization sets international standards that aim to prevent these illegal activities and the harm they cause to society. To set standards and promote effective implementation of legal, regulatory, and operational measures for combating money laundering, terrorist financing, and other related threats to the integrity of the international financial system.’
Which of the following institution has been described in the excerpt given above?
Q. ‘This international organization sets international standards that aim to prevent these illegal activities and the harm they cause to society. To set standards and promote effective implementation of legal, regulatory, and operational measures for combating money laundering, terrorist financing, and other related threats to the integrity of the international financial system.’
Which of the following institution has been described in the excerpt given above?
The correct option is D Financial Action Task Force
Explanation:
The Financial Action Task Force (FATF) is the global money laundering and terrorist financing watchdog. The inter-governmental body sets international standards that aim to prevent these illegal activities and the harm they cause to society.
The objective of the FATF is to set standards and promote effective implementation of legal, regulatory, and operational measures for combating money laundering, terrorist financing, and other related threats to the integrity of the international financial system.
Explanation:
The Financial Action Task Force (FATF) is the global money laundering and terrorist financing watchdog. The inter-governmental body sets international standards that aim to prevent these illegal activities and the harm they cause to society.
The objective of the FATF is to set standards and promote effective implementation of legal, regulatory, and operational measures for combating money laundering, terrorist financing, and other related threats to the integrity of the international financial system.
