International groupings Flashcards
Financial action task force FATF
Intergovtl body estabd 1989, initiative of G7.
Policy-making body working to generate political will for national legislative and regulatory reforms in various areas. Imposes binding obligations on all UN member states
FATF Secretariat housed Act OECD headquarters in Paris
combat money laundering, terrorist financing. counter financing of proliferation of weapons of mass destruction and other related threats to the integrity of the international financial system.
Comprises 37 member jurisdictions and 2 regional organisations representing most financial centres. more than 200 countries and jurisdictions committed to implementing them.
Blacklist: Country is noncooperative. support terror funding and money laundering activities.
Grey list: country considered safe heaven for supporting terror funding and money laundering. Serves as a warning before entering blacklist.
Considered in the grey list may face:
Economic sanctions from IMF, World Bank, ADB.
Problem in getting loans from IMF, World Bank, ADB and other countries.
Reduction in international trade.
International boycott.
G7 countries
US Canada Japan
Uk France Germany Italy
G8
G7 + Russia
G20
G8 plus Turkey, European Union, Argentina, Brazil, South Korea, Mexico, China, Indonesia, Saudi Arabia Australia, India, South Africa
G20 guest countries
Norway, Netherlands, Spain, Kenya, Senegal, Vietnam, Singapore
ASEAN
Estb 1967; HQ Jakarta, Indonesia
3 pillars: Economic, political security, socio-cultural
10 Mya, Thai, Camb, Laos, Viet, Malasia, Singapore Indonesia, Brunei Philippines
SAARC
MBBS PAIN
Cotton- 4 Countries
Benin, Burkina Faso, Chad and Mali
World Cotton Day
Second World Cotton Day was observed on 7th October 2020.
The event is organised in collaboration with the Secretariats of the :
United Nations Food and Agriculture Organization (FAO)
The United Nations Conference on Trade and Development (UNCTAD)
The International Trade Centre (ITC) and the
International Cotton Advisory Committee (ICAC)
Vanilla countries in Indian Ocean
Mal Sy gone maad @ Mau rya
Maldives Seychelles Comoros Mayotte + Madagascar Mauritius reunion Island
Eurasian economic union EAEU
BARKK
Belarus Armenia Russia Kazakhstan Kyrgyzstan
13 OPEC countries
A UK VIGILANCES
Iran, Nigeria, Libya, Congo, UAE, Saudi Arabia, Iraq, Venezuela, Equatorial Guinea, Algeria, Angola, Gabon, Kuwait
SCO members
Kylie Kane PURChased TIsco
Kyrgyzstan, Kazakhstan, Pakistan, Uzbekistan, Russia, China, Tajikistan, India
16 RCEP countries
10 asean + 6 others JANSIC
Japan Australia New Zealand South Korea India China, also 10 Asean countries
Official languages of UN
FACERS
French, Arabic, Chinese, English, Russian, Spanish