Current context: Global Watchdog for terror financing FATF (Financial Action Task Force) has sent 150 questions to Pakistan seeking more clarifications from Pakistan on actions taken against madrassas.
a. 1993, Germany
b. 1990, New York
c. 1989, Paris
d. 1985, Geneva
- The FATF has told Pakistan to take action against madrassas belonging to proscribed outfits, with report submitting deadline by 8th January.
- However, Pakistan has already submitted a report in past with detail step taken by the government to curb terrorism and money laundering.
- FATF warned Pakistan to comply with 22 points in the list of 27 questions or else it will be blacklisted. Of which, Pakistan on 6th Dec submitted a report comprising of 22 questions.
- If Pakistan is blacklisted then Capital inflow will freeze and Investments will decrease as per IMF. If Blacklisted, Pakistan will become a 3rd country to be blacklisted after North Korea and Iran.
Question:
Q.1 FATF, an intergovernmental body founded to combat money laundering, terrorist financing and other related threats to the integrity of the international financial system, was founded in?a. 1993, Germany
b. 1990, New York
c. 1989, Paris
d. 1985, Geneva
