FATF 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…

China moves against Pakistan in FATF, Turkey now the only supporter

China has joined India and United States in putting Pakistan on Grey list of the FATF (Financial Action Task Force). Both China and Saudi Arabia have joined US, India and other European countries sending stern messages to Pakistan against its actions of terror funding money laundering Highlights A Plenary session of the FATF is to 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…

FATF Plenary meet: Pakistan to be scrutinized

The six-day plenary meeting of FATF – Financial Action Task Force is to be held in Paris. It is a part of the FATF Week that is being celebrated between October 13 and October 18, 2019. The meeting is attended by representatives from 205 countries and jurisdictions all around the world. It includes IMF, UN, Read More…

SEBI new rule to impact foreign funds

The Securities and Exchange Board of India (SEBI) notified that only FPIs – Foreign Portfolio Investors located in FATF countries or managed by an enterprise based under FATF jurisdiction can deal in Participatory Notes. Participatory Notes are financial instruments required by investors to invest in Indian stock markets without being registered with SEBI. Effects of Read More…