2018
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Saudi Arabia
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China
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Canada
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Sri Lanka
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Detailed explanation-1: -When the FATF places a jurisdiction under increased monitoring, it means the country has committed to resolve swiftly the identified strategic deficiencies within agreed timeframes and is subject to increased monitoring. This list is often externally referred to as the “grey list”.
Detailed explanation-2: -FATF’s Stand: The FATF lauded “Pakistan’s significant progress” saying that the country had completed two action plans comprising a 34-point tasklist in the period since 2018. Pakistan has been removed from the list after four years.
Detailed explanation-3: -South Sudan. In June 2021, South Sudan made a high-level political commitment to work with the FATF to strengthen the effectiveness of its AML/CFT regime. South Sudan became a member of ESAAMLG in September 2022 and committed to undergo a mutual evaluation.
Detailed explanation-4: -Pakistan has been on the “grey list” of the Financial Action Task Force (FATF) since 2018 because of “strategic counter-terrorist financing-related deficiencies”. The removal decision was announced by FATF President T Raja Kumar at the end of a two-day meeting in Paris, France.