CURRENT AFFAIRS

2022

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which country stayed on FATF ‘Grey List’ Subject to On-site Verification?
A
Russia
B
Pakistan
C
Bangladesh
D
Sri Lanka
Explanation: 

Detailed explanation-1: -Pakistan stays on FATF ‘Grey List’ subject to on-site verification | Business Standard News.

Detailed explanation-2: -As per the October 21, 2022 FATF public statement, Democratic Republic of the Congo, Mozambique and Tanzania have now been added to this list of Jurisdictions under Increased Monitoring while Nicaragua and Pakistan have been removed from this list based on review by the FATF.

Detailed explanation-3: -With Pakistan’s exit from the grey list, Islamabad can now also try to get financial aid from the International Monetary Fund (IMF), the World Bank, the Asian Development Bank (ADB) and the European Union (EU), to boost its cash-strapped economy.

Detailed explanation-4: -UPSC Mains. 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.

There is 1 question to complete.