Financial Action Task Force Current Affairs, GK & News
Pakistan to remain on Grey List of FATF
The Global anti-terrorism watchdog Financial Action Task Force (FATF) decided to maintain Pakistan into Grey List till June 2021 on February 25, 2021. Key Facts This decision by the FATF was taken in the light of country’s failure to fully comply with the 27-point action plan of to combat the terrorism. This decision was taken ..
Month: Current Affairs - February, 2021
Category: International Current Affairs
Topics: Communist terrorism • FATF Grey list • Financial Action Task Force • Pakistan • UNSC resolution • UNSC resolution 1267
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 ..
Month: Current Affairs - August, 2020
Category: International Current Affairs
Topics: FATF • Financial Action Task Force • Financial Action Task Force on Money Laundering • Grey List • Pakistan • Parliament of Pakistan
Pakistan gets another extension on FATF Grey List despite failure to act against terror groups
During the 3rd & and the last Plenary and Working Groups Meeting of the Global anti-money laundering watchdog Financial Action Task Force (FATF) for the current FATF plenary year on 24th June 2020, Pakistan again managed to escape from entering the ‘Blacklist’ despite its continuing failure to act against terrorist organizations. The FATF plenary and Working ..
Month: Current Affairs - June, 2020
Category: International Current Affairs
Topics: China • FATF Plenary • FATF-Pakistan • Financial Action Task Force • Germany • Pakistan
22nd Financial Stability and Development Council meeting chaired by Finance Minister
On May 28, 2020, the Union Finance Minister Nirmala Sitaraman chaired Financial Stability and Development Council meet. Highlights The meeting reviewed current domestic and global economic situation, financial vulnerabilities issues, liquidity of Micro financial institutions, Non-Banking Financial corporations, regulatory responses, etc. The council noted that COVID-19 posed a great threat to the global financial system ..
Month: Current Affairs - May, 2020
Category: Economy & Banking Current Affairs
Topics: COVID-19 • Financial Action Task Force • IBBI • nirmala sitaraman • PFRDA • Pranab Mukherje • Raghuram Rajan • Reserve Bank of India (RBI) • Securities and Exchange Board of India (SEBI)
Pakistan Sponsoring Terror: United Kingdom
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 by the Financial Action Task Force (FAFT) said that Islamabad should do more by taking ..
Month: Current Affairs - January, 2020
Topics: FAFT • Financial Action Task Force • Financial Action Task Force on Money Laundering • Islamabad • Pakistan • Raisina Dialogue 2020 • United Kingdom