2018
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Syria
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Pakistan
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Iran
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Iraq
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Detailed explanation-1: -Pakistan is off the ‘grey list’ of the Financial Action Task Force (FATF) after four years, a development that has been welcomed across the country. What does that mean? Let’s start with FATF.
Detailed explanation-2: -Q. Which country has been recently added to the Grey List of ‘Financial Action Task Force’? Notes: Paris-based Financial Action Task Force has added the UAE in its Grey List.
Detailed explanation-3: -Twelve countries are in the grey list, namely: Bahamas, Botswana, Cambodia, Ethiopia, Ghana, Pakistan, Panama, Sri Lanka, Syria, Trinidad and Tobago, Tunisia and Yemen. What as FATF ‘grey list’ and ‘blacklist’?
Detailed explanation-4: -Countries and territories in the grey list are Albania, Barbados, Burkina Faso, Cambodia, Cayman Islands, Democratic Republic of the Congo, Gibraltar, Haiti, Jamaica, Jordan, Mali, Morocco, Mozambique, Panama, Philippines, Senegal, South Sudan, Syria, Tanzania, Turkey, Uganda, United Arab Emirates and Yemen.
Detailed explanation-5: -Further, Myanmar has been added to the list of High-Risk Jurisdictions subject to a Call for Action in the October 2022 FATF plenary. In this regard, FATF has called on its members and other jurisdictions to apply enhanced due diligence measures proportionate to the risk arising from Myanmar.