Economics · Economy

With reference to the Financial Action Task Force (FATF), consider the following statements: I. FATF is an intergovernmental body that sets global standards to combat money laundering and terrorist financing. II. FATF maintains a 'grey list' of countries under increased monitoring and a 'black list' of high-risk jurisdictions. III. FATF recommendations are legally binding on all member countries. How many of the above statements are correct?