FATF was established by G-7 summit held in ________ on 1989?
Correct answer: C. Paris
- A. London
- B. Brussels
- C. Paris
- D. Washington
Explanation
The Financial Action Task Force was created at the July 1989 G7 summit in Paris to combat money laundering. Its name reflects its original focus on financial crime and later terrorist financing.
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About International Organizations
International Organizations covers the purposes, headquarters, membership, structure and major functions of bodies such as the United Nations, WHO, UNESCO, IMF, World Bank, WTO, OIC, SAARC and NATO. It distinguishes their fields, such as health, finance, trade, security and regional cooperation, along with notable treaties and offices.
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