world_organizations hard True/False

FATF's 'call for action' identifies jurisdictions with significant strategic deficiencies in AML/CFT regimes that pose risks to the international financial system, recommending counter-measures such as enhanced due diligence or restrictions on financial transactions.

  1. True
  2. False

Answer: True

The 'call for action' (often called the 'blacklist') is FATF's strongest tool to address non-cooperative jurisdictions. Counter-measures may include prohibiting correspondent banking relationships or requiring enhanced scrutiny of transactions, incentivizing reforms to meet international AML/CFT standards.

Topic Financial Action Task Force
Exam Relevance Banking, UPSC, SSC
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