What is the main objective of FATF?
Correct answer: C. Stop terror financing
- A. Combat terrorism
- B. Place counties in the black lists.
- C. Stop terror financing
- D. None of these
Explanation
FATF works to prevent money laundering and the financing of terrorism, with terrorist financing being the closest option given. Its role is broader than merely placing countries on blacklists, which are a consequence of non-compliance rather than its main objective.
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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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