Tag: FATF

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

Posted on By admin
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…

Read More “Anti-Terror Watchdog Praises India, Says Faces Serious Threat From…” »

Nation

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

Posted on By admin
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…

Read More “FATF adds Monaco, Venezuela to money laundering ‘grey list’” »

World

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

Posted on By admin
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…

Read More “Anti-Terror Watchdog Praises India’s Efforts In Combating Money Laundering” »

Nation

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

Posted on By admin
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…

Read More “Many countries yet to fully implement steps to prevent misuse of virtual assets, says FATF” »

World