CURRENT AFFAIRS

2020

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

Financial Action Task Force in its 3rd and final plenary meeting under the Chinese Presidency of Xiangmin Liu retained Pakistan on the grey list till which month?

A	November 2020
B	December 2020
C	July 2020
D	October 2020

Explanation:

Detailed explanation-1: -Among these countries are the Philippines, Syria, Yemen, the United Arab Emirates, Uganda, Morocco, Jamaica, Cambodia, Burkina Faso, and South Sudan, and the tax havens of Barbados, Cayman Islands, and Panama.

Detailed explanation-2: -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.

Detailed explanation-3: -As a result, Pakistan has been taken out of the list of jurisdictions under increased monitoring, with immediate effect. This decision was taken during the FATF Plenary meeting held in Paris, France from 20-21 October 2022. Minister of State for Foreign Affairs/Chairperson National FATF Coordination Committee, Ms.

Detailed explanation-4: -NEW DELHI: Global terror-financing watchdog FATF on Friday announced Pakistan’s removal from its grey list, saying the country has largely completed its action plans on anti-money laundering and financing of terrorism.

There is 1 question to complete.