Which country became a full member of the Financial Action Task Force (FATF), an international body set up to combat money laundering, terrorist financing and other threats to the international financial system recently (December 2018)?

BANKING GENERAL KNOWLEDGE

Please wait while the activity loads.
If this activity does not load, try refreshing your browser. Also, this page requires javascript. Please visit using a browser with javascript enabled.

If loading fails, click here to try again

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	Myanmar
B	Sri Lanka
C	Pakistan
D	Israel

Explanation:

Detailed explanation-1: -Paris, 10 December 2018-Israel becomes a full member of the FATF with immediate effect, following the publication of its Israel’s measures to fight money laundering and the financing of terrorism and proliferation.

Detailed explanation-2: -Over 200 jurisdictions around the world have committed to the FATF Recommendations through the global network of nine FATF-Style Regional Bodies (FSRBs) and FATF memberships.

Detailed explanation-3: -Following review, the FATF now also identifies the Democratic Republic of the Congo, Mozambique, and Tanzania. The FATF welcomes the progress made by these countries in combating money laundering and terrorist financing, despite the challenges posed by COVID-19.

There is 1 question to complete.