What is FATF (Financial Action Task Force)?

Question

An investor has decided to purchase a fixed interest bond at issue which offerscoupons of 5% per annum, payable half-yearly. The bond will be redeemed at 110% in
10 years’ time.The investor pays income tax at 30% and capital gains tax at 20%.Calculate the price per £100 nominal if the investor is to obtain a yield of 6% perannum.
(Total 6 marks)

Answer 1

The Financial Action Task Force (FATF) is an inter-governmental body established in 1989 by the Ministers of its Member jurisdictions.
The objectives of the FATF are to set standards and promote effective implementation of legal, regulatory and operational measures for combating money laundering, terrorist financing and other related threats to the integrity of the international financial system.
In year 2006, Indian has become a full-fledged member of Financial Action Task Force (FATF), an inter-governmental body, responsible for setting global standards on anti-money laundering (AML) and combating the financing of terrorism (CFT).