Q. The Financial Action Task Force is an inter-governmental body. What is the main purpose of this Task Force?
Answer: To combat money laundering and terrorist financing
Notes: The Financial Action Task Force (FATF) is an inter-governmental policymaking body that has a ministerial mandate to establish international standards for combating money laundering and terrorist financing.  India joined the Financial Action Task Force (FATF) as its 34th member in June 2010.

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