Economics · International Organizations
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 treaties directly enforceable in all member countries without domestic legislation. How many of the above statements are correct?
- 1Only one
- 2Only two✓
- 3All three
- 4None
Correct answer
Only two
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