Question : Which of the following bodies is primarily concerned with maintaining the integrity of the international financial system?
Option 1: IMF
Option 2: FATF
Option 3: AIIB
Option 4: ADB
Correct Answer: FATF
Solution : The correct answer is FATF .
The Financial Action Task Force (FATF) is an intergovernmental organisation founded in 1989 by the G7 to develop policies aimed at preventing money laundering and ensuring the integrity of the international financial system. The FATF Secretariat is based in Paris, and the decision-making body of the organisation is the FATF Plenary, which convenes three times annually.
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