FATF MCQ

Some important MCQ on FATF

1. FATF is an intergovernmental founded in which year?


Ans 1989


2.FATF IS A Initiative of —-?


Ans. G7 summit


3. How many recommendations in FATF?


Ans. 40 on Money Laundering in 1990


09 On Terrorist Financing in 2001


4. President of FATF is a senior official appointed by?


Ans. FATF Plenary


5. FATF President is appointment for how many period?


Ans. For one year


6. Financial year period of FATF President?


Ans. 1st July to 30th June


7. Where is headquarter of FATF?


Ans . Paris ( France)


8.what are the official language of FATF?


Ans. English & French


8. What are the full fledged members of FATF?


Ans. 37(35+2)
35 countries members
02 Regional organisation


9. What are the two regional organisation of FATF?


Ans. 1. EU. European union


2. Gulf corporation council


10. What are the observers of FATF ?


Ans. Israel & Saudi Arabia


11.How many lists are published by FATF?


Ans. 1. Black List -Non-cooperating countries


2. Grey List - High risk& Non cooperative countries


12. Recently Pakistan is listed on which list of FATF?


Ans. Grey List of FATF


13. How many regional FATF?


Ans. 8


14. FATF plenary meets how many times in a year?


Ans. Three times in per year


15.FATF added a new technology term to the vast money laundering lexicon,that is called?


Ans. Cuckoo smurfing


16. What are the initiatives from FATF?


Ans. 1. FIN Tech. 2. Reg Tech


17. When did India became full time membership of FATF?


Ans. Since 2010


18. India is as ————country member of FATF?


Ans . As 34th



19. What are the FATF public document ?


Ans. 1. FATF Public statement


2. Improving Global AML/CFT Complacence


20. FATF Public documents are issued how many times in a year ?


Ans. 3 times in a year


21. What are the typology studies conducted by FATF ?


Ans. 1. Football sector(2009)

2.Free trade zone (2010)

3. Legal professionals (2013)

4.NPO&The Diamond sector(2014)


5. Another area recently on Corruption


22. FATF cell is set up by —-in india ?


Ans. Ministry of finance


23. In india FATF Cell is functioning under which ?


Ans. The department of Economic affairs in ministry of finance


24. When was adopted at a ministerial meeting on the current mandate of FATF 2012-2020. ?
Ans. April 2012


25. 4th Round of mutual Evaluations joint FATF/APG&EAG. Mutual Evacuation of India. What are the tentative dates on site visit?


Ans. In February/March 2021


FATF. - Financial Action Task Force
APG - Asia Pacific Group
EAG - Euro Asian Group