Sri Lanka removed from FATF’s Grey List

Sri Lanka has been removed from ‘Grey List’ of Financial Action Task Force (FATF) following the new measures taken by the country on financial security. The word ‘Grey List’ identified by FATF refers to a jurisdiction with strategic Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) deficiencies. Key Highlights The announcement regarding removal of ..

Month: Current Affairs - October, 2019

Category: International Current Affairs

Topics: Anti-Money Laundering • FATF • Grey List • Sri lanka • Terror Financing

FATF report on money laundering: slams Pakistan for terror funding

The Asia – Pacific Group of FATF (Financial Action Task Force) slammed Pakistan as the later failed to take actions against terror groups. On 5th October, 2019, the group published report on Money Laundering and terror financing in Pakistan. Key statements of the report The watchdog reported that Pakistan failed to implement the UNSC (United ..

Month: Current Affairs - October, 2019

Category: Defence Current Affairs

Topics: FATF • Jaish-E-Mohammed • Lashkar-e-Taiba • Money Laundering • Pakistan terrorism • Terror Financing • Terrorism • UNSC

Pakistan blacklisted by Asia-Pacific Group of FATF

The Asia Pacific Group (APG) of the Financial Action Task Force (FATF) has put Pakistan in Enhanced Expedited Follow Up List (Blacklist) for its failure to meet its standards. Decision in this regard was taken at FATF APG plenary meeting held in Canberra, Australia. Reasons for blacklisting: FATF APG has found that Pakistan was non-compliant ..

Month: Current Affairs - August, 2019

Topics: APG • Asia Pacific Group • Asia-Pacific region • Enhanced Expedited Follow Up List • FATF • Financial Action Task Force • International • Money Laundering • Pakistan • Terror Financing

Terror Monitoring Group for Jammu and Kashmir

The Union Home Ministry has announced setting up of a Terror Monitoring Group (TMG) to ensure synergised and concerted action against terror financing and terror-related activities in Jammu and Kashmir. Mandate of the Terror Monitoring Group Taking action against hardcore sympathisers among government employees including teacher’s etc providing overt or covert support to such activities. ..

Month: Current Affairs - April, 2019

Topics: CBDT • CBI • CBIC • Central Board of Direct Taxes • Central Board of Indirect Taxes and Customs • ED • Enforcement Directorate • IB • Intelligence Bureau • Jammu and Kashmir • NIA • Terror Financing • Terror Monitoring Group • Union Home Ministry

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