Which statement is false, if any?

Which statement is false, if any?

FATF refers to Financial Action Task Force.

U$.$S$.$ ranks lower than Australia on the Basel AML Index in $2023.$

As of today $(2024),$ a U$.$S$.$ calendar year company can set up any cryptocurrency at cost and test it for impairment annually.

In hyperinflationary situations, the reporting currency of the parent must be designed as the functional currency.

All are true.