FATF was established in 1989 on the initiative of which organization?
A. UNO
B. EU
C. G7
D. ASEAN
FATF established in 1989 on the initiative of the G7 States
The Financial Action Task Force, also known by its French name, Groupe d’action financiรจre, is an intergovernmental organisation established in 1989 on the initiative of the G7 to develop policies to combat money laundering. In 2001, its mandate was extended to include terrorism financing.ย
