FATF Current Affairs - 2019

Category Wise PDF Compilations available at This Link

Pakistan blacklisted by Asia-Pacific Group of FATF

The Asia Pacific Group (APG) of the Financial Action Task Force (FATF) has put Pakistan in Enhanced Expedited Follow Up List (Blacklist) for its failure to meet its standards. Decision in this regard was taken at FATF APG plenary meeting held in Canberra, Australia. Reasons for blacklisting: FATF APG has found that Pakistan was non-compliant Read More…

Month:  Categories: International

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Saudi Arabia becomes 1st Arab country to get full FATF membership

Saudi Arabia has become 1st Arab country to be granted full membership of Financial Action Task Force (FATF) following FATF’s Annual General Meeting held in Orlando, Florida in United States (US). Saudi Arabia and FATF Background: Since November 2004, Saudi Arabia has been a founding member of Middle East and North Africa (MENA) arm of Read More…

Month:  Categories: International

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UNSC Resolution on Terror Financing

The United Nations Security Council (UNSC) has unanimously adopted a French-drafted resolution which ordered countries worldwide to step up the fight against terrorism financing by ensuring they have laws that make it a serious crime to fund terrorist acts. UNSC Resolution This resolution is the first stand-alone measure dedicated specifically to counter the financing of Read More…

Month:  Categories: International

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FATF keeps Pakistan in Grey List for Failing to Stop Terror Financing

The Financial Action Task Force (FATF) condemning the Pulwama Terror Attack has decided to continue the ‘Grey’ listing of Pakistan for its failure to stop funding of terrorist groups such as Jaish-e-Mohammad, Lashkar-e-Taiba and Jamat-ud-Dawa. Why FATF has decided to continue Pakistan in Grey List? The statement issued by FATF states that Pakistan should continue Read More…

Month:  Categories: International

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Pakistan action against terror funding not satisfactory: Asia Pacific Policy Group

According to review by Asia Pacific Policy Group on Money Laundering (APPG), Pakistan’s recent action against terror financing, particularly on  legal front were found to be “unsatisfactory” despite it was placed on the Financial Action Task Force (FATF) grey list in February 2018 for failing to curb terror funding. APPG examines cases of all countries Read More…

Month:  Categories: International

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RBI prohibits investments in non-cooperative countries and territories

The Reserve Bank of India (RBI) has prohibited Indian entities from making direct investments in any entity located in Non-Cooperative Countries and Territories (NCCT) as identified by Financial Action Task Force (FATF). The prohibition is for aligning instructions under FEMA (Foreign Exchange Management Act) with the objectives of the FATF. At present, there is no Read More…

Month:  Categories: Defence & Security

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India seeks help of US and European countries to crack terror fund trail from Pakistan

India has approached United States (US) and select European countries part of the Financial Action Task Force (FATF) to crack terror fund trail details of the Al Rehmat Trust from Pakistan. Al Rehmat Trust is financer of terrorist outfit Jaish-e-Mohammad (JeM) which had carried out the attack at the Pathankot airbase (in Punjab) in January Read More…

Month:  Categories: Defence & Security

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