2019
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The Financial Action Task Force (FATF) has recently decided to keep which country on grey list for failing to curb terror funding?
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Iraq
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North Korea
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Iran
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Pakistan
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Explanation:
Detailed explanation-1: -The Democratic Republic of the Congo In October 2022, the DRC made a high-level political commitment to work with the FATF and GABAC to strengthen the effectiveness of its AML/CFT regime.
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: -As of November 2022, only three countries were on the FATF blacklist: North Korea, Iran, and Myanmar. The FATF has been characterized as effective in shifting laws and regulations to combat illicit financial flows.
There is 1 question to complete.