4.With reference to Financial Action Task Force (FATF), cons | The Open Academy

4.With reference to Financial Action Task
Force (FATF), consider the following statements:
1. The FATF was established in 2008 by G-20,
to prevent organized crime, corruption and
terrorism.
2. The FATF blacklist is a list of countries that
the organisation considers non-cooperative in
the global effort to combat money laundering
and the financing of terrorism.
3. Presently, North Korea is the only country on
the FATF black list.