Question
Under the PMLA, the FATF whose recommendations
influenced the Act stands for what?Solution
The Financial Action Task Force (FATF) is an inter-governmental body that sets international standards to combat money laundering and terrorist financing. India's enactment and subsequent amendments of the Prevention of Money Laundering Act were influenced by the FATF recommendations and India's commitment to align its framework with international standards. Compliance with FATF standards is important for India's standing in the global financial system. The Act reflects these international anti-money-laundering norms.
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Every day, 140 adults visit a park solely for walking. Additionally, 18% of the adults come exclusively to accompany their children, while 54% visit onl...
A student was required to calculate 9/20 of a number, but by mistake he calculated 11/20 of it. His answer exceeded the correct one by 65. Find the number.
