The Financial Action Task Force (FATF) conducts mutual evaluations of its member countries to assess their compliance with its standards. Which one of the following sectors is NOT evaluated during such reviews? |ForumIAS

Q. The Financial Action Task Force (FATF) conducts mutual evaluations of its member countries to assess their compliance with its standards. Which one of the following sectors is NOT evaluated during such reviews?

[A] Banking and financial institutions

[B] Law enforcement and judicial systems

[C] Public procurement processes

[D] Regulatory frameworks for non-profit organizations

Answer: C

Notes:

Explanation – The Financial Action Task Force (FATF) conducts mutual evaluations to assess the compliance of its member countries with anti-money laundering (AML) and counter-terrorist financing (CFT) standards. Public procurement processes are not evaluated during FATF mutual evaluations.

Source: AIR

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