Page 4 - Latest Updates on FATF
Pakistan unlikely to exit 'grey' list of terror funding watchdog till June
The FATF's Plenary and Working Group meetings, scheduled to be held from February 21 to 26 in Paris, is all set to decide on Pakistan's grey list status
 "Pakistan unlikely to exit 'grey' list of terror funding watchdog till June")
Non-FATF area investors can't have 'significant influence' in NBFCs: RBI
The Reserve Bank on Friday said investors from non 'Financial Action Task Force' complaint jurisdictions can only hold less than 20 per cent of the voting power in India-based NBFCs.
 "Non-FATF area investors can't have 'significant influence' in NBFCs: RBI")
India grants UAE investment licence with easier norms on compliance
Category-I licence implies lower compliance burden and investment restrictions, simplified KYC norms and documentation requirements
 "India grants UAE investment licence with easier norms on compliance")
Mauritius war on money laundering gets it closer to exiting FATF grey list
Grey list may have created negative perception among pension, endowment and SWFs. RBI too rejected applications for NBFC licences recently, as investment was routed via Mauritius
FATF Grey List: Why Pakistan must introspect on its efforts to check terror
Pakistan is unlikely to exit the Financial Action Task Forces (FATF) grey list as it has been unable to comply with six of the 27 points in the global watchdogs action plan, according to reports
 "FATF Grey List: Why Pakistan must introspect on its efforts to check terror")
Pak fails to fulfill 6 key FATF mandates, may not to exit grey list: Report
"The country will succeed in exiting the FATF's grey list by June next year," The Express Tribune reported, quoting diplomatic sources.
 "Pak fails to fulfill 6 key FATF mandates, may not to exit grey list: Report")
Pakistan unlikely to exit Financial Action Task Force's grey list: Report
Pakistan might remain on the grey list of the FATF as it has been unable to comply with six of the 27 points in the global watchdog's action plan, a media report said on Wednesday
RBI's stand on FDI from Mauritius to slow down PE inflows in NBFCs
Some $1-1.5 billion annual inflows in NBFC space likely to be impacted with RBI move
 "RBI's stand on FDI from Mauritius to slow down PE inflows in NBFCs")
FATF to decide about Pakistan's exclusion status from grey list this month
A virtual meeting of the FATF plenary scheduled for October 21-23 will decide if Pakistan should be excluded from its 'grey list'
Singapore topples Mauritius in FPI race aided by growth in equity assets
String of regulatory setbacks have hurt Mauritius in the past two years
 "Singapore topples Mauritius in FPI race aided by growth in equity assets")
India-focused funds may soon get fast approval from Mauritius regulator
Mauritius' financial services regulator was busy in taking steps to exit FATF's grey and black list
Ahead of FATF meet, Pak continues to treat 21 dreaded terrorists as VIPs
Sources said that the international community is concerned about the hypocrisy of Pakistan which is pretending to take action against terrorists but is funding them
 "Ahead of FATF meet, Pak continues to treat 21 dreaded terrorists as VIPs")
Pak's Oppn-dominated Senate blocks another FATF-related anti-terror bill
Thirty-one members voted in favour of the bill on terror financing while 34 opposed it
Pak passes bill to regulate cooperative societies against terror financing
The lower house suspended the rules to pass the bill without sending it to the relevant standing committee. The bill will amend the Cooperative Societies Act, 1925
Dawood Ibrahim is not, has never been our citizen, says Dominican govt
Dawood Ibrahim is wanted in India to face the law of the land for carrying out serial blasts in Mumbai in 1993, in which scores of people were killed and injured
 "Dawood Ibrahim is not, has never been our citizen, says Dominican govt")
Jeopardising govt's efforts, Pak senate rejects two FATF-linked bills
Senate has rejected two bills related to the tough conditions set by the FATF, jeopardising efforts to escape from being blacklisted by the global money laundering and terrorist financing watchdog.
Pak admits Dawood Ibrahim living in Karachi; imposes financial sanctions
Islamabad has for years denied that it has sheltered Dawood, responsible for the 1993 Mumbai serial blasts, along with other terrorists
Pak adds curbs on Hafiz Saeed, Masood Azhar, Dawood to avoid FATF blacklist
Seeking to wriggle out of the FATF's grey list, Pakistan has imposed financial sanctions on 88 terror groups and their leaders, including Hafiz Saeed, Masood Azhar and Dawood Ibrahim
Pak submits draft report on terror funding to FATF ahead of plenary: Report
In June 2018, Pakistan was placed in the grey list by the FATF and has been retained in that category since then
Pakistan's lower house approves four FATF-related bills after consensus
Pakistan Parliament's lower house on Wednesday passed four bills related to the tough conditions set by the global money laundering and terrorist financing watchdog FATF
