Tag: Financial Action Task Force

FATF asks Myanmar to act against cyber scam threats, protect trafficking victims

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FATF asks Myanmar to act against cyber scam threats, protect trafficking victims

The ED said that India played a key role in the development of revised FATF standards. | Photo Credit: AP The Financial Action Task Force (FATF), following the conclusion of its plenary meeting on June 19, called on Myanmar to take appropriate action against fraud and cyber scam networks, and protect the victims of trafficking…

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

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

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…

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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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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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