The Financial Action Task Force (FATF) primarily monitors which global issue?
A
Climate finance
B
Money laundering and terror financing
C
Trade tariffs
D
Currency exchange rates
Correct Answer: Option B — Money laundering and terror financing
Explanation:
The Financial Action Task Force is an intergovernmental body that sets standards and monitors compliance regarding money laundering and terrorist financing, with countries placed on grey or black lists for non-compliance.