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FATF identifies jurisdictions weak in fighting money laundering and:
AOnline cyber fraud
BNote counterfeiting
CTerrorist financing
DIncome tax evasion
Answer & Solution
Correct answer: C. Terrorist financing
1. FATF publishes lists of risky jurisdictions.
2. The concern is AML and CFT.
3. CFT means combating the financing of terrorism.
_Source: RBI Master Directions on Authorisation to operate a Payment System._
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