Which of the following are recognized FATF-style regional bodies?

• A. Council of Europe and Asian Development Bank
• B. Financial Action Task Force of Southeast Asia
• C. Eurasian Group and Caribbean Financial Action Task Force
• D. Office of Financial Compliance and Eastern European Development Group

Answer: (C)

The correct answer is based on the recognition that the Eurasian Group and the Caribbean Financial Action Task Force are indeed acknowledged as FATF-style regional bodies. These organizations function similarly to the Financial Action Task Force (FATF) and are focused on combating money laundering and terrorist financing within their respective regions.

The Eurasian Group, which includes countries in Eastern Europe and Central Asia, works to implement international standards on combating money laundering and terrorist financing. Meanwhile, the Caribbean Financial Action Task Force operates in the Caribbean region with the same purpose, providing a framework for cooperation and information sharing among member countries. Their alignment with FATF standards and objectives makes them legitimate regional bodies recognized by FATF.

In contrast, the other options either include organizations that do not specifically serve as FATF-style regional bodies or do not have the same recognized function in terms of combating money laundering and terrorist financing. While the Council of Europe and the Asian Development Bank are significant organizations, they do not primarily focus on anti-money laundering as their main mission. The Financial Action Task Force of Southeast Asia does exist but is not as widely recognized as the other two options in the same manner as the Eurasian Group and the Caribbean Financial Action Task Force. Lastly, the Office of Financial Compliance and the