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Global anti-money laundering watchdog the Financial Action Task Force (FATF) said on June 28, 2024, it had added Monaco to a “grey list” of countries subject to increased monitoring. File | Photo Credit: Reuters Global anti-money laundering watchdog the Financial Action Task Force (FATF) said on June 28 it had added Monaco to a “grey…
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The final evaluation report for the country will be published later. Singapore: Singapore: The Financial Action Task Force (FATF) on Friday adopted a mutual evaluation report that assesses the effectiveness of India’s anti-money laundering and countering the terrorist financing regime, a move the government termed a “significant milestone”. In its brief outcome statement at the…
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A session during the FATF plenary in Paris on February 22, 2023. Photo: fatf-gafi.org The Financial Action Task Force (FATF), the global money laundering and terrorist financing watchdog, has found that many countries are yet to fully implement its requirements aimed at preventing misuse of virtual assets and virtual asset service providers (VASPs). Virtual assets…
A general view of Dubai Downtown showing world’s tallest building Burj Al Khalifa, in Dubai United Arab Emirates. File | Photo Credit: Reuters The United Arab Emirates, home to the financial hub of Dubai, has been dropped from a global watchdog’s list of countries at risk of illicit money flows, a win for the nation…
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