Financial Action Task Force
Recently, Financial Action Task Force (FATF), at its 5-day plenary decided to keep Pakistan on the Grey List. Consider the following statements about the FATF:
- The Financial Action Task Force (FATF) is an inter-governmental body established in 1989 during the Group of Seven (G-7) Summit in Paris.
- Countries that are considered safe haven for supporting terror funding and money laundering are put in the FATF black list.
Choose the correct answer from the codes given below:
Both 1 and 2
Neither 1 nor 2