GS3 · 15 marks · 250 words
In what ways does the Financial Action Task Force (FATF) shape the creation of global standards for combating money laundering and terrorist financing? Suggest measures to strengthen its functioning.
Answered by 2 toppers · CSE 2024
Syllabus: Challenges to internal security through communication networks, role of media and social networking sites in internal security challenges, basics of cyber security; money-laundering and its prevention.
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From all 2 answers · about 230 words.
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The toppers’ answers
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Laundering and its prevention, hawala, benami and shell entities, the PMLA and the FATF, financial crime.
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