Asia/Pacific Group on Money Laundering

Saudi Arabia becomes first Arab country to get FATF membership

Created: June 28, 2019

Saudi Arabia has become the first Arab country to be granted full membership of Financial Action Task Force (FATF) following its Annual General Meeting at Orlando in Florida, USA. Since November 2004, Saudi Arabia has been a founding member of ..

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IDBI Bank launches paperless account opening facility for NRIs

Created: April 20, 2019

IDBI Bank has launched the ‘NRI-Insta-Online’ account-opening process for Non-Resident Indians (NRIs) residing in Financial Action Task Force (FATF) member countries. The person will not be required to furnish physical documents and KYC proofs for opening an account with the ..

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Israel becomes a full member of Financial Action Task Force (FATF)

Created: December 13, 2018

Israel has recently become a full member of the Paris-based Financial Action Task Force (FATF), the global financial watchdog on money laundering, terror financing and other threats to the international financial system. The FATF is empowered to ensure that financing ..

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China elected as vice-president of Financial Action Task Force

Created: February 26, 2018

China has been elected as the vice-president of the Financial Action Task Force (FATF) at the plenary meeting in Paris on February 23, 2018. In its plenary meeting, the FATF placed Pakistan under “grey list” to monitoring in its International ..

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India inks agreement with EAG to counter terrorist financing

Created: January 9, 2012

India signed an agreement with the Eurasian Group (EAG) to inter-alia enhance cooperation in the areas of money laundering and terrorist financing. The Cabinet had approved the agreement earlier this month. A six-member Indian delegation led by Dr Mathew attended ..

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