Topic: FATF blacklist

Turkey’s New bill to monitor civil society groups

The Turkish Parliament recently passed the act called “Preventing Financing of Proliferation of Weapons of Mass Destruction”. The bill would increase the monitoring of civil society groups. About...

December 29, 2020

FATF: Pakistan to remain on “Grey List”

On October 24, 2020, the Financial Action Task Force voted for Pakistan to remain under “grey list” of the organisation. The decision was taken as Pakistan failed to...

October 24, 2020

RBI bans FDI establishments from Mauritius-Reasons, Causes, Impacts

The Reserve Bank of India recently said that companies cannot set up Foreign Direct Investment from Mauritius. The apex bank has also banned FDI from jurisdictions similar to...

October 8, 2020

Pakistan blacklisted by Asia-Pacific Group of FATF for its failure to comply with terror funding standards

The Asia-Pacific Group (APG) of the Financial Action Task Force (FATF) is a global watchdog for terror financing and money laundering. It has recently put Pakistan in the...

August 24, 2019

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,...

June 28, 2019

Pakistan could be blacklisted by FATF

Pakistan Foreign Minister Shah Mahmood Qureshi said that Pakistan could be blacklisted by the Financial Action Task Force because of ‘lobbying by India’ after estimating that the country...

April 6, 2019

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...

December 13, 2018

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,...

February 26, 2018