CSS - PMS - General Knowledge (G.K)
Organizations - FATF
Is FATF itself a court that prosecutes individuals?
A. Yes, it issues prison sentences
B. Yes, it is part of the ICC
C. Only in Europe
D. No
Correct Answer: D
FATF is a standard-setting and monitoring body, not a criminal court.
CSS - PMS - General Knowledge (G.K)
Organizations - FATF
What are FATF Recommendations?
A. Trade tariffs
B. Binding criminal judgments
C. Military rules
D. International standards for combating financial crime risks
Correct Answer: D
The FATF Recommendations form the core global AML/CFT standards.
CSS - PMS - General Knowledge (G.K)
Organizations - FATF
What is FATF's main purpose?
A. Set international standards against money laundering, terrorist financing and proliferation financing
B. Set global interest rates
C. Run criminal trials
D. Control air traffic
Correct Answer: A
FATF develops and promotes standards for financial integrity.
CSS - PMS - General Knowledge (G.K)
Organizations - FATF
Where is the FATF Secretariat based?
A. Paris, France
B. Brussels, Belgium
C. Geneva, Switzerland
D. New York, United States
Correct Answer: A
The FATF Secretariat is hosted at the OECD headquarters in Paris.
CSS - PMS - General Knowledge (G.K)
Organizations - FATF
In what year was FATF established?
A. 1989
B. 1971
C. 1945
D. 2001
Correct Answer: A
FATF was established by the G7 in 1989.
CSS - PMS - General Knowledge (G.K)
Organizations - FATF
What does FATF stand for?
A. Financial Audit Treaty Foundation
B. Finance and Trade Facility
C. Federal Anti-Terrorism Forum
D. Financial Action Task Force
Correct Answer: D
FATF is the Financial Action Task Force.