When (FATF) was established by the G-7 Summit that was held in Paris?
Correct answer: B. 1989
- A. 1981
- B. 1989
- C. 1991
- D. 1995Preparing For College Admissions Tests
Explanation
The Financial Action Task Force was created in 1989 at the G7 Summit in Paris to combat money laundering and later terrorist financing. It is an intergovernmental policy-making body rather than a UN specialised agency.
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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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