Page 9 - Fatf

US, UK voice concern at FATF meet over Pak inaction against terror funding

India's stand at the FATF Plenary and other related discussions have always been consistent regarding Pakistan

Global money-laundering watchdog launches crackdown on cryptocurrencies

Countries will be compelled to register, supervise cryptocurrency-related firms, which will have to carry out detailed checks on customers & report suspicious transactions

FATF team suggests steps on de-listing Pak from grey list in 2019: Report

The report includes 40 recommendations which were segregated in 11 outcomes performance benchmarks

Significant beneficial ownership rules: A net cast too wide and too soon

While their aim of curbing money laundering and terror funding is laudable, the manner in which the Rules are being implemented may counteract the govt's ease of doing business initiatives

India congratulates China on FATF post, hopes balanced approach by Beijing

India today congratulated China for becoming the vice chair of the Financial Action Task Force (FATF), a global body mandated to combat terror financing, and hoped Beijing would "uphold and support" the objective of the watchdog in a balanced and objective way. In its plenary meeting in Paris on Friday, the FATF extensively deliberated on ways to combat terror financing and money-laundering but did not put Pakistan on its international terror-financing watch list. It gave Islamabad time till June to prepare an action plan against terror groups operating from Pakistan. "Congratulations to China on its election as Vice President of Financial Action Task Force at the #FATF plenary mtg. on 23 February 2018. We remain hopeful that China would uphold & support the objectives & standards of FATF in a balanced, objective, impartial & holistic way," MEA spokesperson Raveesh Kumar tweeted. China, Pakistan's all-weather ally, has repeatedly blocked efforts by India, the US and the ..