Question

Q45. The “Global Money Laundering Report” is published by

• A. a) Reserve Bank India
• B. b) International Monetary Fund
• C. c) World Bank
• D. d) Financial Action Task Force

Answer 1

The correct option is D d) Financial Action Task Force

ans : D
Since 1989, the FATF has led efforts to counter the abuse of the international financial
system by criminals. Over the years, governments, intergovernmental and multi-lateral
organisations, the private sector and academics have made great progress in understanding
the threats of money laundering (ML) and terrorist financing (TF) and the measures to be
taken to make the abuse of the financial system for ML/TF purposes more difficult.