QOTD-GK-The headquarters of the Financial Action Task Force (FATF) Secretariat is located in which of the following city?


2019-07-27 | Team PendulumEdu

Options:

   A. Rome, Italy

   B. Hague, Netherlands

   C. Paris, France

   D. New York, USA

Explanation:

 

Financial Action Task Force (FATF) is an inter-governmental policy-making body that was established in 1989. The FATF Secretariat is located in the OECD headquarters in Paris, France. The main objective of the FATF is to standards for the effective implementation of policies to combat money laundering, terrorist financing, and other related financial threats. Currently, there are 39 members in the organization, out of which 2 are regional organizations. India is also a member of the FATF. The FATF monitors the progress of the measures taken by its members. The FATF Plenary is the decision making the body of the FATF which meets three times a year.

Hence, C is the correct answer.

International organizations like UN agencies, FATF, regional organizations like ASEAN, BIMSTEC, etc. are relevant to study as one would find one or more questions related to these organizations in the exams like UPSC CSE, UPSC CDS, State PCS, SSC CGL, SSC MTS, SSC CHSL, IBPS SO, etc. Try and attempt free mock tests at PendulumEdu. One-to-one sessions by PendulumEdu are very helpful to students as they can ask any exam-related doubt or take psychological help from our experts.

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