Topic: Security challenges and their management in border areas; linkages of organized crime with terrorism; Money-laundering and its prevention
4) The Financial Action Task Force (FATF) has become the spearhead against global efforts combating the financing of terrorism (CFT). Analyse the basis for FATF’s growing effectiveness in the fight against terrorist finance and how it helps India to deal with cross-border terrorism. (250 Words)
Why this question?
It is in news. Recently, the FATF Plenary was held in February 2018. Moreover, it’s directly related to syllabus. Also when we are worried about dealing with Pakistan, FATF has an important solution. Important question for Mains.
Key demand of the question:
In two parts, analyse reasons for FATF’s increasing effectiveness and how it helps India.
Analyse: By dividing answer into two parts as demanded by question. Further divide into sub-parts.
Structure of Answer:
In the introduction, write about role the illicit money is playing in financing terrorism and how it’s affecting peace around the world. Then write about FATF’s role.
Immediately after introduction, briefly write about FATF – mainly objectives.
In the body, there should be TWO main parts: First part about reasons for increasing effectiveness of FATF; Second part about how it helps India. In the reference article, it’s written about punishing Pakistan. Use the argument in your answer from India’s perspective.
In the conclusion, write about the need for institution and bodies like FATF today and why international community should strengthen them.