In March 2022, The FATF added which country to its increased monitoring list, also known as the grey list?

  • A. Saudi Arabia
  • B. Turkey
  • C. UAE
  • D. Egypt

Correct Answer: C. UAE

With just two unmet targets out of 34 action points, the Financial Action Task Force (FATF) has retained Pakistan on its terrorism financing grey list and asked the country to address the remaining deficiencies in its financial system as soon as possible. The FATF added the United Arab Emirates to its increased monitoring list, also known as the grey list, of countries with inadequate controls over terrorism financing. The watchdog also decided to appoint. Raja Kumar of Singapore as its next president for a fixed two-year term.

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