June 23 , 2019
1888 days
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- Saudi Arabia has become the first Arab country to be granted full membership of the Financial Action Task Force (FATF).
- Saudi Arabia had obtained observer status in the Group in 2015.
FATF
- The FATF is the global body that sets standard for anti-money laundering and combating the financing of terrorism.
- It was formed in 1989. Headquarters is at Paris, France.
- It comprises 37-member jurisdictions and 2 regional organisations – The Gulf cooperation council and European Commission.
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