Q. The 40+9 recommendations are related to which among the following organizations/ bodies?
Answer: Financial Action Task Force
Notes: The 40+9 Recommendations are related to the Financial Action Task Force (FATF). The FATF is an intergovernmental body that sets international standards to prevent money laundering and terrorist financing. The 40+9 Recommendations are the international standards for combating these illegal activities.
The FATF first issued its Forty Recommendations in 1990. In 2004, the FATF published the Ninth Special Recommendations (SR). These recommendations further strengthened the international standards. In February 2012, the FATF revised the 40 and IX Recommendations. The revised recommendations integrated the SR on terrorist financing with measures against money laundering. The revised recommendations covered issues such as the financing of weapons of mass destruction.
The FATF Recommendations are not binding in the way a law or contract would be.
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