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.

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