Financial Action Task Force — Prelims Strategy

Prelims Strategy

For Prelims preparation, focus on memorizing key facts: FATF establishment (1989), India's membership (2010), current grey/black list countries, and basic organizational structure. Create a timeline of major FATF developments including mandate expansion post-9/11, India's membership, and recent guidance updates.

Practice elimination techniques by understanding common traps: confusing grey list with black list, India's membership timing, and legal vs. soft power nature of FATF recommendations. Stay updated on current affairs, particularly Pakistan's grey-listing status, new FATF guidance, and India's compliance measures.

Use acronyms for the 40 Recommendations categories and memorize specific article numbers from PMLA 2002. Focus on factual accuracy for names, dates, and institutional details as UPSC tests precision in international organization questions.