Has it convicted leaders of terror groups and introduced anti-terror funding laws in line with international requirements? What is the top priority of the Financial Action Task Force? Is India a member? How did it react to the decision? Has it convicted leaders of terror groups and introduced anti-terror funding laws in line with international … Read more
Russia has been barred from participating in future projects of global terror financing and money laundering watchdog Financial Action Task Force (FATF). Addressing a press conference in Paris, FATF chairperson T Raja Kumar said the move comes in the wake of Moscow’s invasion of Ukraine. Kumar said Russia’s actions continued to violate FATF’s core principles, … Read more
Reuters ISLAMABAD October 21, 2022 21:12 IST Updated: October 21, 2022 21:13 IST Reuters ISLAMABAD October 21, 2022 21:12 IST Updated: October 21, 2022 21:13 IST “Pakistan had addressed technical deficiencies to meet the commitments of its action plans regarding strategic deficiencies that the FATF identified in June 2018 and June 2021,” FATF president T. … Read more
New Delhi is closely monitoring the FATF decision as a reprieve for Pakistan reflects improvement in the country’s ties with Washington New Delhi is closely monitoring the FATF decision as a reprieve for Pakistan reflects improvement in the country’s ties with Washington Pakistan is expected to be taken off the Financial Action Task Force grey … Read more
Japan is expected to enact new rules on money transfers to prevent the use of crypto for money laundering, according to local news agency Nikkei. The changes will bring Japan up-to-date with Financial Action Task Force (FATF) recommendations. An amendment to the Act on Prevention of Transfer of Criminal Proceeds will be introduced in the … Read more
Asia-Pacific Group released an update on the rating of its regional members suggesting that Pakistan had a ‘moderate level of effectiveness’ on only one out of 11 outcomes, the media report said. Asia-Pacific Group released an update on the rating of its regional members suggesting that Pakistan had a ‘moderate level of effectiveness’ on only … Read more