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PRESS RELEASE ON FINANCIAL ACTION TASK FORCE (FATF) HIGH RISK AND OTHER MONITORED JURISDICTION-OCTOBER 21, 2021(DATED -16.11.2021)
Updated on:16th Nov, 2021
The Financial Action Task Force (FATF) is an inter-governmental body established in 1989 by the Ministers of its Member jurisdictions. The objectives of the FATF 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 the integrity of the international financial system. The FATF monitors the progress of its members in implementing necessary measures, reviews money laundering and terrorist financing techniques and counter-measures, and promotes the adoption and implementation of appropriate measures globally. The FATF's decision making body, the FATF Plenary, meets three times a year and updates these statements, which may be noted etc.,
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