[JAN] FATF (if not covered in class)

Question 1

Estd when?By whom?
What?
HQ where?

Answer 1

• established in 1989 on the initiative of the G7.
• policy-making body
• HQ: Paris

Question 2

Roles & functions

Answer 2

• combat money laundering
• combat terrorist financing

-counter the financing of proliferation of weapons of mass destruction
[COMBAT MONEY LAUNDERING ; TERRORIST FINANCING]

Question 3

What is blacklist?

Answer 3

These countries support terror funding and money laundering activities

Question 4

What is graylist?

Answer 4

considered safe haven for supporting terror funding and money laundering