Tag: FATF

Attempts to question FATF’s credibility often reflect fear of scrutiny: India at UN

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Attempts to question FATF’s credibility often reflect fear of scrutiny: India at UN

India has said that attempts by countries to question the FATF’s credibility reflect their “fear of scrutiny” and asked these nations to stop exporting instability and prevent their territory from being misused for terrorism, in a veiled reference to Pakistan. India’s Permanent Representative to the UN, Parvathaneni Harish, made these remarks on Monday (June 29,…

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Anti-Terror Watchdog Praises India, Says Faces Serious Threat From…

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Anti-Terror Watchdog Praises India, Says Faces Serious Threat From…

India’s key money laundering risks, the report says, originate from illegal activities within the country Terror financing watchdog Financial Action Task Force (FATF) has said India has achieved a high level of technical compliance with its recommendations and taken significant steps to implement measures to tackle illicit finance. In a report released on Thursday, the…

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FATF adds Monaco, Venezuela to money laundering ‘grey list’

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FATF adds Monaco, Venezuela to money laundering ‘grey list’

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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Anti-Terror Watchdog Praises India’s Efforts In Combating Money Laundering

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Anti-Terror Watchdog Praises India’s Efforts In Combating Money Laundering

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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Many countries yet to fully implement steps to prevent misuse of virtual assets, says FATF

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Many countries yet to fully implement steps to prevent misuse of virtual assets, says FATF

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…

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