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Financial Act Task Force (FATF) Statement I is correct - : It is an inter-governmental body that was established in 1989 during the G7 Summit in Paris in 1989. Statement II is correct - : The FATF revises the blacklist regularly, adding or deleting entries. In 2022, Iran and the Democratic People's Republic of Korea (DPRK) are under High-risk Jurisdiction or black list. Statement III correct -: It is an inter-governmental policymaking body. It assesses the strength of a country’s anti-money laundering and anti-terror financing frameworks, however, it does not go by individual cases. Its Secretariat is located at the Organisation for Economic Cooperation and Development (OECD) headquarters in Paris. The FATF currently has 39 members including two regional organisations - the European Commission and Gulf Cooperation Council. India is a member of the FATF. Lists under FATF: Grey List: Countries that are considered safe haven for supporting terror funding and money laundering are put in the FATF grey list. This inclusion serves as a warning to the country that it may enter the blacklist. Black List: Countries known as Non-Cooperative Countries or Territories (NCCTs) are put in the blacklist.
What does "Infrastructure lending" include as a part of the project finance package as per RBI guidelines for NBFCs?
Under the RBI’s guidelines, what is the maximum exposure to an individual borrower for UCBs with Tier 1 capital?
Which of the following statements about the primary market is/are correct?
1)The primary market is where new securities are issued and sold for t...
Marketable securities are primarily:
What category did India achieve in the FATF Mutual Evaluation?
Which bank received the highest rank in the RBI's 2023 list of Domestic Systemically Important Banks (DSIBs)?
Which of the following statements about mutual funds is/are accurate?
1. Open-ended mutual funds allow investors to buy and sell units at any tim...
Which of the following are the benefits of a centralised risk management structure?
A. it is independent from operations and business unit ...
A banking company has to submit to Reserve Bank under Section 25(1) of the Banking Regulation Act, a return regarding its assets in India. The frequency...
Identify the item from the list below that is typically not considered a current asset due to its nature: