Question

With reference to 'Financial Action Task Force (FATF)', which of the following statements is/are correct?

1. India is not a full member of FATF but it has partial membership status in this organization
2. All permanent members of the Security Council except China are members of FATF.

Select the correct answer using the codes given below.  

Options

• 1 only

• 2 only

• Both 1 and 2

• Neither 1 nor 2

Answer 1

Both 1 and 2

Explanation:

Since 2010, India has been a full member of the FATF, as have all of the permanent Security Council members, including China.