Terror Financing Networks — Prelims Questions

Which of the following bodies is primarily responsible for setting international standards to combat money laundering and terror financing?

Consider the following statements regarding the Unlawful Activities (Prevention) Act (UAPA), 1967: 1. Section 17 of UAPA specifically criminalizes the raising of funds for terrorist acts. 2. The 2019 amendment to UAPA allowed the central government to designate individuals as terrorists. 3. UAPA provisions for attachment of property linked to terrorism require prior approval from the concerned state government. Which of the statements given above is/are correct?

Which of the following is NOT a typical 'red flag' indicator for potential terror financing in banking transactions?

Consider the following statements regarding the distinction between Terror Financing and Money Laundering: 1. Terror financing always involves funds derived from illicit sources, whereas money laundering can involve legitimate funds. 2. The primary objective of terror financing is to conceal the illicit purpose of funds, while money laundering aims to conceal the illicit origin of funds. 3. UN Security Council Resolution 1373 primarily focuses on combating money laundering, while FATF Recommendation 5 specifically addresses terror financing. Which of the statements given above is/are correct?

Which of the following agencies is India's central national agency responsible for receiving, processing, analyzing, and disseminating information relating to suspicious financial transactions?