FATF Flashcards
(49 cards)
When was FATF set up
1989
Who set up FATF
G7
Objective of FATF
Compact money laundering
When was the second object of FATF added
After 9/11 2001
Second objective of FATF
to fight against state sponsored terrorism
When was g7 set up
1975
Strength of FATF
39
- 37 counties
- 2 organisations
The organisations present in FATF
- Gulf cooperation council
2. European Commission
When did india become a member of FATF
2010
When did india for observer status
2006
When was gulf cooperation council set up
1981
Number of members in gulf cooperation council
6
HQ of gulf cooperation council
Riyadh, Saudi Arabia
Which is the topmost decision Making body of FATF
FATF plenary
When did the FATF issued the set of recommendations for the 1st time
1990
How many recommendations did FATF issue In 1990
40
When did FATF issue the 2nd set of recommendations
1996
When did FATF issue a 9 point recommendations
After 9/11 in 2003-04
When was the recent recommendation issues by FATF
2012
Primitive measures of FATF
- Call for action / non cop ration countries ( black list )
- Increased monitored Jurisdiction ( Grey list )
How many counties are in grey list
23 including turkey and Pakistan
Restriction for grey list counties
Restriction on access to finance from global finance institution
Countries on black list
North Korea and Iran
Why is North Korea and Iran in black list
They both are involved in secret nuclear weapons
