Page 4 - Fatf

Fast-tracking of status on cryptocurrency assets may be in works

India, like many other countries, is currently not FATF-compliant on crypto assets

Pakistan 'lacks effectiveness' on four goals linked to FATF: Report

The Asia-Pacific Group of the FATF, a global watchdog for terror financing and money laundering, has rated Pakistan's level of effectiveness as low' on 10 out of 11 international goals on anti-money laundering and combating the financing of terror, a media report said on Tuesday. Asia-Pacific Group (APF), the Sydney-based regional affiliate of the Financial Action Task Force (FATF), released an update as of September 2 on the rating of its regional members suggesting that Pakistan had a moderate level of effectiveness' on only one out of 11 outcomes, reported Dawn. Under this immediate outcome', Pakistan extends international cooperation on appropriate information, financial intelligence, and evidence and facilitates action against criminals and their assets. A 15-member joint delegation of FATF and APG paid an onsite visit to Pakistan from August 29 to September 2 to verify the country's compliance with a 34-point action plan committed with FATF at the highest level in June 2018, t

FATF team quietly completes on-site visit to Pakistan, says report

A high-level team of the global money laundering and terrorist financing watchdog FATF quietly concluded a five-day visit to Pakistan during which it held meetings with the relevant authorities and verified steps taken by the country to fulfil conditions to exit the grey list, according to a media report. The findings of the 15-member Financial Action Task Force (FATF) team would be discussed and reviewed in the next meeting of the FATF, scheduled in Paris in October. Pakistan has been on the grey list of the Paris-based FATF since June 2018 for failing to check money laundering, leading to terror financing, and was given a plan of action to complete it by October 2019. Since then, the country continues to be on that list due to its failure to comply with the FATF mandates. The positive outcome of the on-site team's findings would allow Pakistan to finally come clean over deficiencies in the system to curb money laundering and terror financing, The Express Tribune newspaper reporte

Asia Pacific Group removes Russia's observer status over Ukraine war

The decision to remove Russia's status was taken last month in Malaysia during the annual meeting of the APG

Singapore's T Raja Kumar appointed president of Financial Action Task Force

T. Raja Kumar of Singapore has been appointed as the president of Financial Action Task Force (FATF), the anti-money laundering watchdog

Canara Robeco MF halts inflows from UAE investors after nation's scrutiny

This was done after FATF added UAE to the Grey List

FATF: West backs India's call to prosecute Pakistan-based terrorists

India's call at FATF for investigation and prosecution of 30 terrorist leaders in Pakistan was strongly backed by the Western nations, a news report said

Pak working closely with FATF to schedule early on-site visit: Minister

Pakistan said it was working closely with the FATF to schedule an early on-site visit to verify the progress made by the country in countering financing of terrorism and money-laundering

Pakistan stays on FATF 'Grey List' subject to on-site verification

Pakistan will continue to be on the "Grey List" of countries under increased monitoring of the Financial Action Task Force (FATF)

FATF set to review Pakistan for money laundering, terrorist financing

Financial Action Task Force (FATF), a global watchdog tasked with combatting money laundering and terrorist financing, is all set for its strategic review of Pakistan

Pakistan launches diplomatic effort to get out off FATF grey list: Report

Pakistan has launched a massive diplomatic effort to get off the grey list of global money laundering and terrorist financing watchdog FATF, a media report said on Tuesday. Pakistan has been on the grey list of the Paris-based Financial Action Task Force (FATF) since June 2018 for failing to check money laundering, leading to terror financing, and was given a plan of action to complete it by October 2019. Since then, the country continues to be on that list due to its failure to comply with the FATF mandates. Pakistan needs the votes of Turkey, China, and Malaysia to get off the list, and all three countries have assured the Pakistani authorities of full support for the purpose, the News International reported. The decision on Pakistan's status on the list will be taken during the current meeting being held from June 14 to 17 in Berlin, Germany, official sources were quoted by The News International on Tuesday. According to sources, during the recent visits of Prime Minister Shehb

Consultation paper on digital assets may not lead to cryptocurrency policy

The government has also raised concern over complying with Financial Action Task Force (FATF) guidelines and discussed it with other countries, according to an official

FM reaffirms India's commitment to fighting terror financing; lauds FATF

FM Nirmala Sitharaman has reaffirmed India's commitment to fighting money laundering and terrorist financing as she appreciated the role of FATF global network in safeguarding the financial system.

Pakistan pares down terrorist numbers in PoK to convince FATF

With an aim to exit the grey list of the Financial Action Task Force (FATF), Islamabad is planning to reduce the number of terrorists in Pakistan occupied Kashmir (PoK), according to security sources.

Decoded: Why the next FATF review is critical for India

The evaluation of India by the Financial Action Task Force (FATF) could start by the end of the year

KYC-AML rule breach led to lens on Paytm Payments Bank: Sources

Analysts expect Paytm's business to be affected owing to the ban

Investments via UAE to face more scrutiny after FATF grey list inclusion

FATF grey list inclusion hurts its attractiveness for investors

Pakistan remains on FATF grey list for failing to meet some of its targets

The plenary on Friday decided against exonerating Pakistan from the category despite the country meeting 32 out of 34 action points, the Dawn newspaper reported on Saturday

FATF retains Pakistan on terror financing grey list over non-compliance

FATF has retained Pak on its terrorism financing grey list and asked Islamabad to address at the earliest the remaining deficiencies in its financial system, according to a media report on Saturday.

Illicit money flows: UAE set to be placed on FATF's 'gray list'

Just a few votes to the contrary can result in a jurisdiction getting added to the list of nations under increased monitoring