Economics · International Organizations
Consider the following statements with reference to the implications of being placed on the Financial Action Task Force (FATF) grey list: Statement-I: Jurisdictions placed under enhanced monitoring by the FATF often witness increased risk perception among global investors, which can adversely affect cross-border capital flows. Statement-II: Grey-listed countries are subjected to mandatory international financial sanctions, leading to legally binding restrictions on foreign investment and trade. Which one of the following is correct with respect to the above statements?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Statement-I is incorrect, but State ment-II i s correct
- 2Statement-I is correct, but Statement-II is incorrect✓
- 3Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-I
- 4Both Statement-I and Statement-II are correct and Statement-II explains Statement-I
Correct answer
Statement-I is correct, but Statement-II is incorrect
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