G20 Anti-Corruption Working Group meeting

About:

• Its primary goal is to prepare “comprehensive recommendations for consideration by leaders on how the G20 could continue to make practical and valuable contributions to international efforts to combat corruption”.
• The ACWG has led the G20 anti-corruption efforts coordinating the collective and national actions taken by its members.
• The ACWG actively works with the World Bank Group, the OECD, the UNODC, the IMF, the FATF, as well as with the Business 20 (B20) and the Civil Society 20 (C20).

Q1) What is FATF and its purpose?

The Financial Action Task Force (FATF) leads global action to tackle money laundering, terrorist and proliferation financing. The FATF researches how money is laundered and terrorism is funded.

Source: Three day Anti-Corruption Working Group meeting under G20 India Presidency concludes at Tehri

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