Financial Action Task Force

Huge impact of CAs on businesses can save the world: Julia Penny of ICAEW

In a Q&A, the head of the apex body of chartered accountants in the UK discusses the challenge of sustainability and other issues her tribe faces across the globe

Why FATF removing Pakistan from 'grey list' has miffed India so much

FATF started out with 16 developed countries as members and added 12 by 1992. It has since expanded to the current list of 39 members

FATF called for enhanced due diligence on Myanmar following blacklist: RBI

Earlier in February 2020, Democratic People's Republic of Korea (DPRK) and Iran was put on blacklist by the anti-terror financing and anti-money laundering watchdog

S Africa moves laws to avoid being grey-listed by financing watchdog

The South African government has introduced some urgent changes to its laws to avoid the country being grey-listed by the Financial Action Task Force (FATF), the global money laundering and terrorist financing watchdog. As a policy-making body, the Paris-based 200-member FATF works to generate the necessary political will to bring about national legislative and regulatory reforms in these areas. The Minister of Finance has tabled General Laws (Anti-Money Laundering and Combating Terrorism Financing) Amendment Bill in Parliament, which will now follow the process of public comments, convening hearings, making amendments and passing the Bill. A statement released by the Treasury said that this demonstrated the commitment of the South African government to Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT) and addressing the deficiencies identified by FATF's Mutual Evaluation Report (MER) of South Africa, which was published in October 2021. When enacted into law, it

What is PMLA Act? Money laundering, law statement and objectives

What is the Prevention of Money Laundering act and how does it affect a nation? Read this article to understand money laundering, the PMLA act, objectives of the PMLA act, FATF and everything

Singapore's T Raja Kumar appointed president of Financial Action Task Force

T. Raja Kumar of Singapore has been appointed as the president of Financial Action Task Force (FATF), the anti-money laundering watchdog

Canara Robeco MF halts inflows from UAE investors after nation's scrutiny

This was done after FATF added UAE to the Grey List

Decoded: Why the next FATF review is critical for India

The evaluation of India by the Financial Action Task Force (FATF) could start by the end of the year

Frontier of warfare? Wrong to securitise civil society discourse

Creating suspicion about civil society undermines its robustness and contribution to nation building

Mauritius closer to exiting grey list as FATF sees progress on action plan

Inter-governmental body has now authorised its delegates to visit the island nation for an on-site inspection of the progress made

FATF to evaluate India's mechanism to deal with financial crimes this year

The FATF, the global body against money laundering and terror financing, is likely to carry out an evaluation of India's established mechanism to deal with such financial crimes later this year.

Mauritius' plans to exit FATF grey list hits coronavirus roadblock

The country was put on the list of jurisdictions that require increased monitoring in February

Bank of Mauritius approaches RBI to clear the air on NBFC impasse

Bank of Mauritius has written to its Indian counterpart, explaining the mechanism by which investments are greenlighted via the country, and highlighted importance of Mauritius as an investment hub

RBI refuses a dozen licences to NBFCs with investments from Mauritius

PE, VC funds domiciled in the island nation on the radar

Sebi relaxes guidelines for investment through non-FATF countries

Move to benefit investors from countries and regions like Mauritius, Cayman Islands who are eyeing Category-I licence

Uncharted path: Experts seek light-touch norms to regulate cryptocurrency

Experts say what will also play on the minds of policymakers is the potential upside of taxing the cryptocurrency trade.

Pak banks may lose biz if Imran govt doesn't implement FATF plan: Moody's

In a report, Moody's Investors Service said the announcement is credit negative for Pakistani banks

Tweak in Companies Act may allow Indian unlisted firms to list abroad

Currently, Indian companies tap foreign capital mostly through American depository receipts or global depository receipts

Why Pak could be blacklisted by FATF on money laundering, terror financing

According to FATF, if Pakistan fails to meet the implementation of the 27-point plan, the country could be blacklisted

Pakistan set to be included on terror-financing watchlist from June

This, upon withdrawal of objections by China and GCC countries