Asia/Pacific Group on Money Laundering Current Affairs, GK & News

Saudi Arabia becomes first Arab country to get FATF membership

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 the Middle East and North Africa (MENA) arm of the FATF group. Its full FATF ..

Topics: Asia/Pacific Group on Money Laundering • Corporate crime • Crime • FATF blacklist • Financial Action Task Force on Money Laundering • Financial regulation • Money Laundering • OECD • Organizations • Task forces • Tax Evasion • Terrorism financing

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IDBI Bank launches paperless account opening facility for NRIs

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 bank. NRIs will now be able to open account in IDBI Bank without submitting paper ..

Topics: Asia/Pacific Group on Money Laundering • Business law • Corporate crime • Crime • Financial Action Task Force on Money Laundering • Financial regulation • IDBI Bank • Money Laundering • OECD • Politically exposed person • Tax Evasion • Terrorism financing

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

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 of UN-designated terrorist organisations is blocked. It has the power to publicly name countries not ..

Topics: Asia/Pacific Group on Money Laundering • Crime • FATF blacklist • Financial Action Task Force on Money Laundering • Financial regulation • Law • Law by country • Money Laundering • OECD • Task forces • Tax Evasion

China elected as vice-president of Financial Action Task Force

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 Cooperation Review Group until June 2018 for compliance of Anti-Money Laundering and Combating Finance of ..

Topics: Asia/Pacific Group on Money Laundering • Crime • Economy • FATF blacklist • Financial Action Task Force on Money Laundering • Financial regulation • Law by country • Money Laundering • OECD • Tax Evasion • Terrorism

India inks agreement with EAG to counter terrorist financing

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 the 15th Plenary Meeting of the Eurasian Group (EAG) on Combating Money Laundering and Financing ..

Month: Current Affairs - January, 2012

Topics: Asia/Pacific Group on Money Laundering • Business law • Corporate crime • Crime • EAG • Financial Action Task Force on Money Laundering • Financial regulation • Inter-Governmental Action Group against Money Laundering in West Africa • Money Laundering • OECD • Tax Evasion • Terrorism financing