The question asks to identify the correct description of the Financial Action Task Force, often abbreviated as FATF.
The Financial Action Task Force (FATF) is an independent intergovernmental body that sets international standards and develops policies to combat global money laundering and terrorist financing. Its primary goal is to protect the integrity of the global financial system by implementing regulatory, legal, and operational measures against these financial crimes.
Key aspects of the Financial Action Task Force include:
Therefore, the most fitting description of the Financial Action Task Force is that it serves as a global money laundering and terrorist financing watchdog.
| List-I (Organization) | List-II (Year of Formation) |
| A. European Union | 1. 1994 |
| B. Asia-Pacific Economic Cooperation (APEC) | 2. 1967 |
| C. Association of Southeast Asian Nations (ASEAN) | 3. 1989 |
| D. Free Trade Area of the Americas (FTAA) | 4. 1993 |
What is the primary purpose of NATO's newly announced mission, Baltic Sentry?
Consider the following statements with reference to BRICS:
1. Recently, Nigeria has been admitted as "partner country" of BRICS grouping.
2. It is the 15th BRICS partner country.
3. It represents about 40% of the global population.
Which of the above statements is/are correct?
Which country was recently admitted as a partner country of the BRICS bloc?
Which country has announced its withdrawal from the World Health Organization (WHO)?
Consider the following statements with reference to South Asian Free Trade Area (SAFTA):
1. Recently, Solvent Extractors’ Association of India urged the central government to regulate the surge of refined soybean and palm oil imports from Nepal citing ‘Rule of Origin’ norm’s violation.
2. It aims to reduce trade barriers and promote economic cooperation among SAARC member states.
Which of the above statements is/are correct?