Perfection IAS

Financial Action Task Force

Consider the following statements with reference to the Financial Action Task Force (FATF):

  1. The Financial Action Task Force (FATF) is an inter-governmental body established in 1989 by the Ministers of its Member jurisdictions.
  2. The FATF's decision making body, the FATF Plenary, meets two times per year.

Which of the statement(s) given above is/are correct?

A
Only 1
B
Only 2
C
Both 1 and 2
D
Neither 1 nor 2
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