Tag: Financial Action Task Force

FATF praises India’s anti-money laundering, terror financing system

September 19, 2024 admin

The Financial Action Task Force said improvements in the system were required to protect the non-profit sector from terror abuse. File | Photo Credit: Reuters Global anti-money laundering and terror financing body, Financial Action Task Force (FATF), launched its much-awaited mutual evaluation report on India, saying the county’s systems were “effective” but “major improvements” were…

World

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

June 28, 2024 admin

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…

World

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

March 30, 2024 admin

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…

World

UAE dropped from FATF’s financial crime watch list

February 23, 2024 admin

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…

World