Current context: Srilanka has been removed from the Financial Action Task Force's grey list at the five-day plenary concluded in Paris.
a. Bangladesh
b. Sri Lanka
c. Iran
d. Pakistan
e. Turkey
- FATF has taken the decision due to new measures taken by the country on financial security against money laundering.
- Srilanka was included in the blacklist for the first time in 2011.
- By 2016, the country took several measures to ensure the financial security and was declared a cooperating state in 2016.
- Following its measures, Sri Lanka was put on a grey list from November 2017.
- It then brought a framework to enhance the Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) standard.
- In the same meeting, FATF warned Pakistan to control terror funding and avoid getting blacklisted.
- The FATF was established in 1989, is an inter-governmental body to combat terror financing, money laundering and related financial and cybercrimes.
Question:
Q.1 Which country was recently removed from the Financial Action Task Force's grey list at the five-day plenary concluded in Paris?a. Bangladesh
b. Sri Lanka
c. Iran
d. Pakistan
e. Turkey
