{"id":2305,"date":"2024-05-01T16:57:31","date_gmt":"2024-05-01T11:27:31","guid":{"rendered":"https:\/\/lotusarise.com\/qna\/?p=2305"},"modified":"2024-05-01T16:57:59","modified_gmt":"2024-05-01T11:27:59","slug":"q-with-reference-to-financial-action-task-force-fatf-which-of-the-following-statements-is-are-correct","status":"publish","type":"post","link":"https:\/\/lotusarise.com\/qna\/upsc\/q-with-reference-to-financial-action-task-force-fatf-which-of-the-following-statements-is-are-correct","title":{"rendered":"Q. With reference to \u2018Financial Action Task Force (FATF)\u2019, which of the following statements is\/are correct?"},"content":{"rendered":"\n<ol class=\"wp-block-list\">\n<li>India is\u00a0<strong>not<\/strong>\u00a0a full member of FATF but it has partial membership status of this organization.<\/li>\n\n\n\n<li>All permanent members of the Security Council\u00a0<strong>except China<\/strong>\u00a0are members of FATF.<\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\">Select the correct answer using the codes given below.<\/p>\n\n\n\n<ul class=\"mcq wp-block-list\">\n<li>1 only<\/li>\n\n\n\n<li>2 only<\/li>\n\n\n\n<li>Both 1 and 2<\/li>\n\n\n\n<li>Neither 1 nor 2<\/li>\n<\/ul>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\"><strong>Answer: d) Neither 1 nor 2<\/strong><\/p>\n<\/blockquote>\n\n\n\n<h5 class=\"wp-block-heading\" id=\"financial-action-task-force-fatf\">Financial Action Task Force (FATF):<\/h5>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/lotusarise.com\/financial-action-task-force-fatf-upsc\/\">FATF<\/a>\u00a0is an\u00a0<strong>inter-governmental policy-making<\/strong>\u00a0and\u00a0<strong>standard-setting bod<\/strong>y dedicated to\u00a0<strong>combating money laundering and terrorist financing.<\/strong><\/li>\n\n\n\n<li><strong>Objective<\/strong>: To\u00a0<strong>establish international standards<\/strong>, and to develop and promote policies, both at national and international levels,\u00a0<strong>to combat money laundering and the financing of terrorism.<\/strong><\/li>\n\n\n\n<li>It was\u00a0<strong>established in 1989 during the G7 Summit<\/strong>\u00a0in Paris to develop policies against money laundering.<\/li>\n\n\n\n<li>In 2001 its mandate expanded to include terrorism financing.<\/li>\n\n\n\n<li><strong>Headquarters: Paris, France.<\/strong><\/li>\n\n\n\n<li><a href=\"https:\/\/lotusarise.com\/financial-action-task-force-fatf-upsc\/\">FATF<\/a>\u00a0<strong>members include 39 countries,<\/strong>\u00a0including the United States,<strong>\u00a0India<\/strong>, China, Saudi Arabia, Britain, Germany, France, and the EU as such.<\/li>\n\n\n\n<li><strong>India became a member of FATF in 2010.<\/strong><\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Read more:&nbsp;<strong><a href=\"https:\/\/lotusarise.com\/financial-action-task-force-fatf-upsc\/\">Financial Action Task Force (FATF)<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Select the correct answer using the codes given below. Answer: d) Neither 1 nor 2 Financial Action Task Force (FATF): Read more:&nbsp;Financial Action Task Force (FATF)<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_kad_blocks_custom_css":"","_kad_blocks_head_custom_js":"","_kad_blocks_body_custom_js":"","_kad_blocks_footer_custom_js":"","_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"_kad_post_classname":"","footnotes":""},"categories":[1,3],"tags":[47],"years":[52],"class_list":["post-2305","post","type-post","status-publish","format-standard","hentry","category-upsc","category-prelims","tag-international-relations","years-52"],"acf":[],"taxonomy_info":{"category":[{"value":1,"label":"UPSC"},{"value":3,"label":"Prelims"}],"post_tag":[{"value":47,"label":"International Relations"}],"years":[{"value":52,"label":"2021"}]},"featured_image_src_large":false,"author_info":{"display_name":"LotusArise","author_link":"https:\/\/lotusarise.com\/qna\/author\/team-lotusarise"},"comment_info":0,"category_info":[{"term_id":1,"name":"UPSC","slug":"upsc","term_group":0,"term_taxonomy_id":1,"taxonomy":"category","description":"","parent":0,"count":1269,"filter":"raw","cat_ID":1,"category_count":1269,"category_description":"","cat_name":"UPSC","category_nicename":"upsc","category_parent":0},{"term_id":3,"name":"Prelims","slug":"prelims","term_group":0,"term_taxonomy_id":3,"taxonomy":"category","description":"","parent":1,"count":1251,"filter":"raw","cat_ID":3,"category_count":1251,"category_description":"","cat_name":"Prelims","category_nicename":"prelims","category_parent":1}],"tag_info":[{"term_id":47,"name":"International Relations","slug":"international-relations","term_group":0,"term_taxonomy_id":47,"taxonomy":"post_tag","description":"","parent":0,"count":79,"filter":"raw"}],"_links":{"self":[{"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/posts\/2305","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/comments?post=2305"}],"version-history":[{"count":0,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/posts\/2305\/revisions"}],"wp:attachment":[{"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/media?parent=2305"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/categories?post=2305"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/tags?post=2305"},{"taxonomy":"years","embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/years?post=2305"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}