2023
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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37
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39
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47
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49
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Detailed explanation-1: -Membership. The FATF has 39 members, including two regional organizations (the Gulf Cooperation Council and the European Commission). Additionally, it has 9 associate members, tasked with enforcing its mandate on a regional basis.
Detailed explanation-2: -To achieve global implementation of the FATF Recommendations, the FATF relies on a strong global network of FATF-Style Regional Bodies (FSRBs), in addition to its own 39 members.
Detailed explanation-3: -As of February 2023, the FATF has reviewed 125 countries and jurisdictions and publicly identified 98 of them. Of these 98, 72 have since made the necessary reforms to address their AML/CFT weaknesses and have been removed from the process.
Detailed explanation-4: -The 40+9 Recommendations, together with their interpretative notes, provide the international standards for combating money laundering (ML) and terrorist financing (TF). The FATF revised the 40 and IX Recommendations. The revision of the FATF Recommendations was adopted and publised in February 2012.