Q. With reference to Financial Action Task Force (FATF) consider the following statements:
1.It is an international watchdog for financial crimes such as money laundering and terror financing.
2.India is not a member of FATF.
3.It’s headquarter is at Vienna, Austria.
Select the correct statement using the code given below:
Answer: B
Notes:
Statement 1: Financial Action Task Force (FATF) is an international watchdog for financial crimes such as money laundering and terror financing.
Statement 2: The statement is incorrect. FATF currently has 39 members. India is a member country.
Statement 3: The FATF Secretariat is located at the OECD headquarters in Paris.