Financial Action Task Force on Money Laundering
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 ..
During an interactive session at the Raisina Dialogue 2020, on Thursday 16th January 2020 the United Kingdom (UK) foreign and commonwealth office director for South Asia, Gareth Bayley on the context of Pakistan being on the edge of being blacklisted ..
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 Enhanced Expedited Follow Up List (Blacklist) for its failure to meet its ..
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 ..
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 ..
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 could suffer $10 billion loss annually if it remains in the watchdog’s ..