Concept:The Financial Action Task Force (FATF) is an inter-governmental body that sets international standards to prevent money laundering and terrorist financing.
Explanation:FATF was founded in 1989 by the G7 countries.
Its role is to strengthen legal, regulatory, and operational measures against financial crimes.
It issues 40 Recommendations, which are the global benchmark for anti-money laundering and counter-terrorist financing efforts.
FATF monitors member countries through regular evaluations and can place non‑compliant nations on a grey list or blacklist.
Its headquarters is in Paris, France.
FATF is not a wing of the Central Economic Intelligence Bureau, a division of the Enforcement Directorate, or a UN agency.
Therefore, it is correctly called a global watchdog for money laundering and terrorist financing.
Answer:Option C: A global money laundering and terrorist financing watchdog.