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…

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…

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…

National Coordination Center – A database of Maoists

The Government of India is planning to set up a National Coordination Center (NCC) that will function as a data bank of Maoists. It will act as a synergy point for anti – Maoist operations and intelligence gathering. Key features of the NCC It will create a strategy for security agencies to counter support received Read More…

FATF report on money laundering: slams Pakistan for terror funding

The Asia – Pacific Group of FATF (Financial Action Task Force) slammed Pakistan as the later failed to take actions against terror groups. On 5th October, 2019, the group published report on Money Laundering and terror financing in Pakistan. Key statements of the report The watchdog reported that Pakistan failed to implement the UNSC (United Read More…