The main function of the financial action task force ( FATE ) is to combat ----

The main function of the financial action task force ( FATE ) is to combat ---- Correct Answer Money laundering

The Financial Action Task Force (on Money Laundering) (FATF), also known by its French name, Groupe d'action financière (GAFI), is an intergovernmental organisation founded in 1989 on the initiative of the G7 to develop policies to combat money laundering. In 2001, its mandate was expanded to include terrorism financing.
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Related Questions

The question given belowconsists of a statement, followed by twoarguments numbered I and II. You haveto decide which of the arguments is a'strong' argument and which is a 'weak'argument.
Statement: Should women be allowedinto combat arms if they meet allstandards?
Arguments:
I. Yes, women have already provencompetence in combat – they havealready been exposed to combat in Iraqand Afghanistan, so it makes no senseto officially continue excluding them.
II. No, the average female is physicallyweaker than the average male.
If Arif works alone he will take 20 more hours to complete a task than if he works with Babu to complete the task. If Babu work alone, he will take 5 more hours to complete the task than if he works with Arif to complete the task. What is the ratio of the time taken by Arif to than taken by Babu if each of them works alone to complete the task?
The Asian Development Bank has approved a $285 million loan to finance a project to construct coal ports by Paradip and Madras Port Trusts. Courses of Action: I. India should use financial assistance from other international financial organisations to develop such ports in other places. II. India should not seek such financial assistance from the international financial agencies.
Statement : The Asian Development Bank has approved a $285 million loan to finance a project to construct coal ports by Paradip and Madras Port Trusts.

Courses of Action :
I. India should use financial assistance from other international financial organisations to develop such ports in other places.
II. India should not seek such financial assistance from the international financial agencies.
Hindustan Aeronautics Limited handed over the first two indigenously designed and manufactured light combat aircrafts to the Indian Air Force in 2016. What is the name of these new combat aircrafts?
Working together, Asha and Sudha can complete an assigned task in 20 days. However, if Asha worked alone and completed half the work and then Sudha takes over the task and completes the second half of the task, the task will be completed in 45 days. How long will Asha take to complete the if she worked alone ? Assume that Sudha is more efficient than Asha.
Statements : Government has spoiled many top ranking financial institutions by appointing bureaucrats as Directors of these institutions. Conclusions : a) Government should appoint Directors of the financial institutes taking into consideration the expertise of the person in the area of finance.
b) The Director of the financial institute should have expertise commensurate with the financial work carried out by the institute.
Directions : In each of the following questions a statement is given, followed by two conclusions. Give answer :

Statements : Government has spoiled many top ranking financial institutions by appointing bureaucrats as Directors of these institutions.

Conclusions :
I. Government should appoint Directors of the financial institutes taking into consideration the expertise of the person in the area of finance.
II. The Director of the financial institute should have expertise commensurate with the financial work carried out by the institute.
Read the following statements.
1. Financial statements are only interim reports.
2. Financial statements are prepared on the basis of realisable values.
3. The preparation of financial statements is not an ultimate aim.
4. Certain assumptions are necessary to prepare financial statements.
Which of the following combinations consists of all true statements?
Which of the following statements with regard to financial emergency in India is/are correct?
1. It is required to be approved by both the Houses of the Parliament within one month.
2. Once approved by both the Houses of the Parliament, it remains valid for six months.
3. Salary of any government official including the Supreme Court judges can be reduced during financial emergency.
4. During financial emergency, the executive authority of the Union shall extend to the giving of directions to any State to observe such, canons of financial propriety as may be specified in the directions.
Select the correct answer: