Financial Action Task Force (FATF) Current Affairs, GK & News

Financial Action Task Force (FATF)

The Financial Action Task Force (FATF) is an inter-governmental policymaking body that has a ministerial mandate to establish international standards for combating money laundering and terrorist financing.  India joined the Financial Action Task Force (FATF) as its 34th member in June 2010. At present FATF has 36 members comprising of 34 countries and two organizations ..

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Weapons of Mass Destruction and their Delivery Systems (Amendment) Bill

On August 1, 2022 “Weapons of Mass Destruction and their Delivery Systems (Amendment) Bill 2022” was passed by Parliament. The bill seeks to ban funding of weapons of mass destruction. Bill has been directed by External Affairs Minister S Jaishankar. It was passed in Rajya Sabha through a voice vote. It was approved in Lok ..

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T Raja Kumar: President of Financial Action Task Force (FATF)

T. Raja Kumar of Singapore was recently appointed as the president of anti-money laundering watchdog, Financial Action Task Force(FATF). Highlights Raja Kumar has replaced Marcus Pleyer. He will discharge his service for next two years. He will focus on: Improving asset recovery Enhancing the effectiveness of global anti-money laundering & counter-terrorist financing measures. He has ..

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FATF adds Turkey to Grey List; Pak retained

Global terror financing watchdog, Financial Action Task Force (FATF), retained Pakistan on the ‘Grey List of countries’. Key Points This time, the watchdog had added three new countries namely Turkey, Jordan & Mali, to the Grey List. As per FATF, there was no question of blacklisting Pakistan for now as Pakistan is cooperating and only ..

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