FATF: GK, General Studies and Current Affairs

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 comply with all the 27 parameters set by the FATF. It has completed only 21. Earlier, the asia-pacific group of FATF submitted a report titled “Follow up ..

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 Mauritius as they do not comply with the norms set by Financial Action Task Force (FATF). Highlights Mauritius was recently listed in grey list of the FATF. ..

Grey list trouble: Pakistan approves four FATF-related bills

The lower house of the Parliament of Pakistan unanimously passed four bills related to the tough conditions set by the global money laundering and terrorist financing watchdog FATF. Earlier,  two such bills were passed in July and another one was passed in the first week of August. How significant for Pakistan? In 2018, the FATF ..

FATF Asia-Pacific blacklists Pakistan for terror funding

The International Terror Watchdog for Terror Funding, the Financial Action Task Force (FATF) has blacklisted the nation of Pakistan for various non-compliances and non-enforcements of international terror controls and safeguards. What has happened? The FATF has been placed in the blacklist of the FATF’s Asia Pacific Group (APG) for the violations and the non-compliance of ..