Page-2 of Terrorism financing Current Affairs, GK & News
International terror financing watchdog, the Financial Action Task Force (FATF) has decided to keep Pakistan on its grey list, despite India’s push to blacklist it in the aftermath of Pulwama terror attack. The decision was recently taken at the end of week-long meetings by the FATF in Paris. The Paris-based FATF stated that Pakistan has ..
Topics: Ahl-i Hadith • Crime • Financial Action Task Force on Money Laundering • Financial regulation • Lashkar-e-Taiba • Money Laundering • OECD • Organizations • Pulwama attack • Tax Evasion • Terrorism • Terrorism financing
India has approached United States (US) and select European countries part of the Financial Action Task Force (FATF) to crack terror fund trail details of the Al Rehmat Trust from Pakistan. Al Rehmat Trust is financer of terrorist outfit Jaish-e-Mohammad (JeM) which had carried out the attack at the Pathankot airbase (in Punjab) in January ..
Money laundering is the process by which large amounts of illegally obtained is given the appearance of having originated from a legitimate source. So basically, all the ways to convert the black money into white money are Money laundering. But in Money laundering, the black money must involve a predicate crime such as the violation of Indian Penal Code, ..
Topics: Asset forfeiture • Crime • Financial Action Task Force on Money Laundering • Financial regulation • Law • Law by country • Money Laundering • Prevention of Money Laundering Act • Task forces • Tax Evasion • Tax in India • Terrorism • Terrorism financing
The RBI has asked all banks to generate a Unique Customer Identification Code (UCIC) for each of their customers. Objective: The Unique Identification Code will fortify Know Your Customer (KYC), Anti-Money Laundering (AML) and Combating the Financing Of Terrorism (CFT) instruments. Since it will take a long time to generate entire KYC Registry, banks are ..
Month: Current Affairs - June, 2012
India signed an agreement with the Eurasian Group (EAG) to inter-alia enhance cooperation in the areas of money laundering and terrorist financing. The Cabinet had approved the agreement earlier this month. A six-member Indian delegation led by Dr Mathew attended the 15th Plenary Meeting of the Eurasian Group (EAG) on Combating Money Laundering and Financing ..
Topics: Asia/Pacific Group on Money Laundering • Business law • Corporate crime • Crime • EAG • Financial Action Task Force on Money Laundering • Financial regulation • Inter-Governmental Action Group against Money Laundering in West Africa • Money Laundering • OECD • Tax Evasion • Terrorism financing