1687General KnowledgeMedium
FATF was established by G-7 summit held in ________ on 1989?
ABrussels
BParis
CLondon
DWashington
Correct answer
B. Paris
Explanation
The Financial Action Task Force (FATF) can be seen as the international standard-setter in the fight against terrorist financing and money laundering. It was established in 1989, by a Group of Seven (G-7) Summit held in Paris.