Anti-Money Laundering Current Affairs - 2020

FATF’s Asia Pacific Group keeps Pakistan on ‘Enhanced Follow-up List’

Financial Action Task Force (FATF) Asia Pacific group has kept Pakistan in its ‘Enhanced Follow Up’ list. The organisation had downgraded Pakistan status from “regular follow-up” to “enhanced follow up”. The Asia-pacific group of FATF submitted its report called “Follow up report on mutual evaluation of Pakistan”. In the report, it was highlighted that the Read More…

India trains Nepali officers in AML and CFT

Government of India is training officers of Government of Nepal on ‘Anti Money Laundering (AML) and Countering Financing of Terrorism (CFT)’ in India at the Regional Centre of National Academy of Customs, Indirect Taxes and Narcotics (NACIN) in Bengaluru. The course is divided into three batches. This is the second group of 18 Nepali officers Read More…

Sri Lanka removed from FATF’s Grey List

Sri Lanka has been removed from ‘Grey List’ of Financial Action Task Force (FATF) following the new measures taken by the country on financial security. The word ‘Grey List’ identified by FATF refers to a jurisdiction with strategic Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) deficiencies. Key Highlights The announcement regarding removal of Read More…

What is ‘goAML’ launched by UAE?

The United Arab Emirates (UAE) has become 1st country in Gulf to launch new anti-money laundering platform called ‘goAML’ (Anti-Money Laundering). It is a one-stop solution, launched by UAE to crack down on organised financial crimes. All about goAML Developer: It is the new anti-money laundering platform was launched by UAE’s Financial Intelligence Unit (FIU) Read More…