Money Laundering Current Affairs, GK & News
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 ..
Month: Current Affairs - October, 2020
Category: International Current Affairs
Topics: Asia Pacific Group • FATF • FATF blacklist • Money Laundering • Pakistan • Terrorism
China moves against Pakistan in FATF, Turkey now the only supporter
China has joined India and United States in putting Pakistan on Grey list of the FATF (Financial Action Task Force). Both China and Saudi Arabia have joined US, India and other European countries sending stern messages to Pakistan against its actions of terror funding money laundering Highlights A Plenary session of the FATF is to ..
Month: Current Affairs - February, 2020
Category: International Current Affairs
Topics: Black Lists • China-Pakistan • FATF • FATF member • FATF Plenary • FATF-Pakistan • Grey List • India- Pakistan • Money Laundering • Terrorism
JSW Steel Ltd permitted to acquire Bhushan Power & Steel Ltd
Mumbai-based Indian steel making company, JSW Steel Ltd recently approved permission from the National Company Law Appellate Tribunal on Monday (NCLAT) to acquire Bhushan Power & Steel Ltd. While JSW steel is to acquire the firm for Rs 19,700 crore, it would be immuned from the acts of former promoters of the Bhushan Power, as ..
Topics: Enforcement Directorate • JSW Steel Ltd • Money Laundering • National Company Law Appellate Tribunal • Supreme court
Migrants can change address by giving self-declaration
The government has allowed migrants to change address on Aadhaar by giving self declaration. It will help them open bank account and promote financial inclusion. The changes were made by amending the Prevention of Money-laundering (Maintenance of Records) Rules as per the gazette notification issued on 13 Nov. This move will allow an individual to ..
Topics: Aadhaar • Biometrics • Economy • Financial inclusion • Financial services • Government of India • Identification • Identity documents of India • India • Know Your Customer • Money Laundering • National identification numbers
FATF Plenary meet: Pakistan to be scrutinized
The six-day plenary meeting of FATF – Financial Action Task Force is to be held in Paris. It is a part of the FATF Week that is being celebrated between October 13 and October 18, 2019. The meeting is attended by representatives from 205 countries and jurisdictions all around the world. It includes IMF, UN, ..
Month: Current Affairs - October, 2019
Category: International Current Affairs
Topics: China-Pakistan • FATF • FATF Plenary • India China • India China bilateral relations • India- Pakistan • Money Laundering