GK Question

technology medium mcq

Which international body sets standards for anti-money laundering in virtual asset services?

  1. FATF
  2. IMF
  3. World Bank
  4. BIS

Answer: FATF

Financial Action Task Force (FATF) sets global AML/CFT standards including Travel Rule for VASPs. Countries implement through domestic laws. Critical for cross-border crypto compliance.

Topic Crypto Regulation
Exam Relevance Banking, UPSC, SSC