Correct Answer:
B. FATF
Combating terror financing is a critical global challenge, requiring specialized international bodies. The Financial Action Task Force (FATF) is an intergovernmental organization established specifically to set international standards and promote effective implementation of legal, regulatory, and operational measures for combating money laundering and terrorist financing. Therefore, terror-financing jurisdiction falls under its purview.
- UNSC (United Nations Security Council) primarily focuses on maintaining international peace and security, addressing terrorism broadly but not setting financial standards.
- The IMF (International Monetary Fund) deals with global monetary cooperation and financial stability, not directly terror financing.
- Transparency International is dedicated to fighting global corruption, which is distinct from terror financing.