Financial Action Task Force (FATF)

The FATF 'Grey List' or 'Jurisdictions under Increased Monitoring' comprises countries that have:

MCQ

MCQ Answer

A. Successfully implemented all 40 Recommendations.

B. Significant strategic deficiencies in their AML/CTF regimes and have committed to rapidly address them. Correct

Explanation

Inclusion on the Grey List means the country is working with the FATF to implement an action plan.

C. Failed to pay their annual membership fees.

D. Been proven to fund terrorist organizations.

Correct Answer

Significant strategic deficiencies in their AML/CTF regimes and have committed to rapidly address them.

Practice More Financial Action Task Force (FATF) MCQs Discuss Report