Global anti-money laundering watchdog the Financial Action Task Force (FATF) said on June 28, 2024, it had added Monaco to a “grey list” of countries subject to increased monitoring. File | Photo Credit: Reuters Global anti-money laundering watchdog the Financial Action Task Force (FATF) said on June 28 it had added Monaco to a “grey … Read more
An international watchdog said Friday that it was removing the United Arab Emirates from its so-called gray list of countries that don’t take full measures to combat money laundering and terrorism financing. The announcement was made by the Paris-based Financial Action Task Force following its meeting in the French capital. The FATF welcomed the UAE‘s … Read more
Government agencies have expedited efforts to further strengthen the anti-money laundering and counter-terror financing frameworks in view of the coming Financial Action Task Force (FATF) assessment of India in the fourth round of mutual evaluations expected later this year. It is learnt that the Financial Intelligence Unit is organising meetings with representatives from sectors like … Read more
The decision came after 4 years of efforts on curbing terror financing, 34 point action plan The decision came after 4 years of efforts on curbing terror financing, 34 point action plan Four years after it was placed on the “grey list” and penalised with severe financial strictures by the Financial Action Task Force, Pakistan … 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
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
The Financial Action Task Force (FATF) has retained kept Pakistan on its grey list and added its ally Turkey to the list, in a double blow for Islamabad which depended on Ankara’s support to avoid entry into the blacklist earlier. Jordan and Mali were also added to the grey list. FATF denied that it acted … Read more
Pakistan’s anti-corruption watchdog has established an anti-money laundering and terror financing cell to check financial crimes and illegal transfer of resources as the country struggled to exit from the FATF‘s grey list. The Paris-based Financial Action Task Force (FATF) placed Pakistan on the grey list in June 2018 and asked Islamabad to implement a plan … Read more
ISLAMABAD: Pakistan‘s controversial Interior Minister Brigadier (retired) Ijaz Shah, who is known for his links with terrorist groups, has threatened opposition parties of attacks by the Taliban. Pakistan Opposition has sought the interior minister’s resignation and said such statements “validate” the allegations of supporting terrorists, being levelled against the country by the world, Dawn reported. … Read more
NEW DELHI: Pakistan‘s failure to fulfil six key obligations of the FATF, including action against two of India’s most wanted terrorists Maulana Masood Azhar and Hafiz Saeed, and the sudden disappearance of more than 4,000 terrorists from its official list will most likely lead to its continuation in the ‘grey list’ of the Global money … Read more