Financial Action Task Force is :

Correct option is C

The correct answer is (c) A global money laundering and terrorist financing watchdog. The Financial Action Task Force (FATF) is an international organization established in 1989 to combat money laundering, terrorist financing, and other related threats to the international financial system. It sets global standards and works to promote the effective implementation of legal, regulatory, and operational measures for combating money laundering, terrorist financing, and other related crimes. The FATF monitors the progress of its member countries in implementing these standards and provides recommendations for improving their systems.
Information Booster: ● The FATF is an intergovernmental body with members including over 200 jurisdictions globally, coordinated through a network of FATF-style regional bodies. ● It issues recommendations (known as the FATF Standards) that countries should follow to prevent and combat money laundering and terrorist financing. ● The FATF has a "grey list" and a "black list" for countries that are deficient in their anti-money laundering and counter-terrorist financing measures. ● India is a member of the FATF, and compliance with FATF standards is critical for international trade and economic relations. ● The FATF collaborates with other international organizations, such as the United Nations, the World Bank, and the International Monetary Fund (IMF), to strengthen global anti-money laundering efforts. ● The FATF conducts periodic mutual evaluations of member countries to assess their compliance with FATF standards.