world_organizations hard MCQ

Which FATF initiative identifies jurisdictions with strategic deficiencies in their anti-money laundering and counter-terrorist financing regimes, subjecting them to increased monitoring?

  1. Blacklist
  2. Grey List
  3. White List
  4. Red List

Answer: Grey List

The 'Grey List' (officially: Jurisdictions under Increased Monitoring) includes countries committed to addressing AML/CFT deficiencies within agreed timeframes. Being listed can affect international financial transactions and reputation, incentivizing reforms to meet FATF standards.

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