New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    What led to Russia's suspension from the Financial

    Action Task Force ( FATF) ?
    A Its failure to combat money laundering Correct Answer Incorrect Answer
    B Its involvement in terrorism financing Correct Answer Incorrect Answer
    C Its military invasion of Ukraine Correct Answer Incorrect Answer
    D Its lack of cooperation with global financial regulations Correct Answer Incorrect Answer

    Solution

    Explanation: According to The FATF; It suspended Russia's membership due to its " illegal, unprovoked and unjustified" military invasion of Ukraine. The actions were deemed to be in violation of the FATF's core principles, which aim to promote the safety, security, and integrity of the global financial system. The suspension highlights the importance of adhering to global standards and regulations.

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