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Asked in a 1998 paperFairly easy

Financial Action Task Force (FATF) was founded in which year?

Correct answer: B. 1989

  • A. 1998
  • B. 1989
  • C. 1979
  • D. 1997

Explanation

FATF was established in 1989 at the Paris summit of the G7 to combat money laundering. Its mandate was later expanded to include terrorist financing and proliferation 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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