Financial Action Task Force is :
A wing under the Central Economic Intelligence Bureau
A division of Enforcement Directorate
A global money laundering and terrorist financing watchdog
A UN Anti-Corruption Agency
Answer is Right!
Answer is Wrong!
This question was previously asked in
UPSC CDS-2 – 2024
The Financial Action Task Force (FATF) is an intergovernmental policy-making body established in 1989. Its primary objectives are to set standards and promote effective implementation of legal, regulatory and operational measures for combating money laundering, terrorist financing and other related threats to the integrity of the international financial system. It is not part of India’s domestic agencies like CEIB or ED, nor is it a formal UN agency, although it works closely with the UN.