Page-4 of FATF Current Affairs, GK & News
UNSC Resolution on Terror Financing
The United Nations Security Council (UNSC) has unanimously adopted a French-drafted resolution which ordered countries worldwide to step up the fight against terrorism financing by ensuring they have laws that make it a serious crime to fund terrorist acts. UNSC Resolution This resolution is the first stand-alone measure dedicated specifically to counter the financing of ..
Month: Current Affairs - April, 2019
Topics: Al-Qaeda • FATF • France • Islamic State • Pulwama Terror Attack • Terror Financing • Terrorism • United Nations Security Council • UNSC
FATF keeps Pakistan in Grey List for Failing to Stop Terror Financing
The Financial Action Task Force (FATF) condemning the Pulwama Terror Attack has decided to continue the ‘Grey’ listing of Pakistan for its failure to stop funding of terrorist groups such as Jaish-e-Mohammad, Lashkar-e-Taiba and Jamat-ud-Dawa. Why FATF has decided to continue Pakistan in Grey List? The statement issued by FATF states that Pakistan should continue ..
Month: Current Affairs - February, 2019
Topics: current account deficit • FATF • Financial Action Task Force • Grey List • International Monetary Fund • Jaish-e-Mohammad • Jamat-ud-Dawa. • Lashkar-e-Taiba • Pakistan • Pulwama terrorist attack • terror financing risk assessment
Pakistan action against terror funding not satisfactory: Asia Pacific Policy Group
According to review by Asia Pacific Policy Group on Money Laundering (APPG), Pakistan’s recent action against terror financing, particularly on legal front were found to be “unsatisfactory” despite it was placed on the Financial Action Task Force (FATF) grey list in February 2018 for failing to curb terror funding. APPG examines cases of all countries ..
Month: Current Affairs - September, 2018
Topics: Asia Pacific Policy Group • FATF • Grey List • International Organisations • Pakistan • Terror Funding • Terrorism
RBI prohibits investments in non-cooperative countries and territories
The Reserve Bank of India (RBI) has prohibited Indian entities from making direct investments in any entity located in Non-Cooperative Countries and Territories (NCCT) as identified by Financial Action Task Force (FATF). The prohibition is for aligning instructions under FEMA (Foreign Exchange Management Act) with the objectives of the FATF. At present, there is no ..
Month: Current Affairs - January, 2017
Topics: Banking • Business • Current Affairs - 2017 • Economy • FATF • FEMA • National • RBI
India seeks help of US and European countries to crack terror fund trail from Pakistan
India has approached United States (US) and select European countries part of the Financial Action Task Force (FATF) to crack terror fund trail details of the Al Rehmat Trust from Pakistan. Al Rehmat Trust is financer of terrorist outfit Jaish-e-Mohammad (JeM) which had carried out the attack at the Pathankot airbase (in Punjab) in January ..
Month: Current Affairs - August, 2016
Topics: FATF • India-US • National • Terrorism • Terrorism financing