Consider the following statements about Financial Action Task Force (FATF), which is in news frequently 1) FATF is an inter governmental policy making body established in 1989 with ministerial mandate to establish international standards for combating mon

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Q: 75 (Current Affairs-JAN/2017)
Consider the following statements about Financial Action Task Force (FATF), which is in news frequently
1) FATF is an inter governmental policy making body established in 1989 with ministerial mandate to establish international standards for combating money laundering and terrorist financing.
2) Its objectives are to set standards and promote effective implementation of legal, regulatory and operational measures for combating money laundering, terrorist financing and other related threats to integrity of international financial system.
3) Currently, it comprises two regional organisations and 35 member jurisdictions, including India, UK, US, China and the European Commission.
Which of the above statements is/are not correct?

question_subject: 

Current Affairs

stats: 

0,41,120,10,15,95,41

keywords: 

{'financial action task force': [0, 0, 1, 2], 'inter governmental policy making body': [0, 0, 0, 1], 'international financial system': [0, 0, 0, 1], 'international standards': [0, 0, 1, 2], 'fatf': [0, 0, 1, 2], 'ministerial mandate': [0, 0, 0, 1], 'european commission': [0, 0, 1, 1], 'standards': [0, 0, 2, 6], 'regional organisations': [0, 0, 0, 1], 'operational measures': [0, 0, 0, 1], 'money laundering': [0, 0, 1, 2], 'member jurisdictions': [0, 0, 0, 1], 'objectives': [2, 1, 4, 11], 'terrorist financing': [0, 0, 0, 1], 'integrity': [2, 0, 1, 7]}