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    Question

    What is the role of the Financial Action Task Force

    (FATF) in the context of global financial regulations?
    A Promoting open trade agreements among countries Correct Answer Incorrect Answer
    B Establishing taxation policies for global economies Correct Answer Incorrect Answer
    C Setting standards to combat money laundering and terrorist financing Correct Answer Incorrect Answer
    D Regulating national stock exchanges Correct Answer Incorrect Answer
    E Providing financial aid to underdeveloped countries Correct Answer Incorrect Answer

    Solution

    The FATF is an inter-governmental body that sets international standards to combat money laundering, terrorist financing, and other financial crimes, thereby protecting the integrity of the global financial system.

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