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FATF
What is FATF
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Latest Updates on FATF
Iran seeks help from India to shed FATF's blacklisted country tag: Official
India has assured support to Iran on sharing technical knowledge and expert advice through the EAG, he said.
 "Iran seeks help from India to shed FATF's blacklisted country tag: Official")
FATF changes grey listing criteria to focus on nations posing greater risk
The global anti-money laundering watchdog noted that the impact of illicit financial flows is felt most strongly by the least developed nations
 "FATF changes grey listing criteria to focus on nations posing greater risk")
India seeks FATF oversight for online gaming to curb money laundering risks
If the FATF includes the sector within the AML/CFT framework, gaming platforms would need to adhere to KYC norms and report suspicious transactions, including identifying their beneficial owners
 "India seeks FATF oversight for online gaming to curb money laundering risks")
India's gems, jewellery sector vulnerable to money laundering: FATF
The report said there were approximately 1,75,000 DPMS (dealers of precious metals and stones) in the country
 "India's gems, jewellery sector vulnerable to money laundering: FATF")
India to adopt nuanced approach to deal with at risk NPOs after FATF report
As regards the abuse of NPOs for terror financing, Agarwal said the scope for NPOs being misused is very less in India because there is a cap on cash donations
 "India to adopt nuanced approach to deal with at risk NPOs after FATF report")
India should establish clear obligations for domestic PEPs: FATF
Global body says non-profit sector requires protection from terror
 "India should establish clear obligations for domestic PEPs: FATF")
ED gets max tip offs for money laundering from media, social sites: FATF
A team of FATF experts drawn from agencies belonging to Russia, UAE, USA, Brazil, United Kingdom, South Africa and Japan conducted the 'on-site' review as they were in India between Nov 6-24, 2023
 "ED gets max tip offs for money laundering from media, social sites: FATF")
FATF praises India's PMLA, terror financing; asks to improve prosecution
The report said India implemented such an anti-money laundering (AML) and combating financing of terror (CFT) system that was effective in many respects
India pitches for more info sharing on cross-border payments at FATF
At present, under the Travel Rules of FATF, data relating to the name of the sender, recipient, and the country of origin is recorded in any cross-border financial transactions
 "India pitches for more info sharing on cross-border payments at FATF")
Govt pitches for more disclosures on cross-border payments with FATF
Currently, the Travel Rules of Financial Action Task Force under which data relating to name of sender and recipient and the country of origin is recorded in any cross-border financial transactions
 "Govt pitches for more disclosures on cross-border payments with FATF")
Crime watchdog FATF to release mutual evaluation report of India on Sep 19
Financial Action Task Force had in June adopted the mutual evaluation report on India and placed the country in the "regular follow-up" category -- the highest rating given by the global watchdog
Decoded: Buna-Raast connectivity project between Pakistan-Arab world
Raast is Pakistan's first instant payment system, which operates similarly to India's flagship project: Unified Payments Interface (UPI)
 "Decoded: Buna-Raast connectivity project between Pakistan-Arab world")
FATF calls on India to boost scrutiny of politicians' bank accounts
The recommendation is part of a FATF review of India's anti-money laundering systems that began in 2023
Singapore gets tough on casinos in new measures to check terrorism funding
The new threshold for due diligence checks was among the measures laid out in Singapore's updated National Strategy for Countering the Financing of Terrorism
 "Singapore gets tough on casinos in new measures to check terrorism funding")
'India Inc can cut paperwork to raise overseas funds with good FATF rating'
The global crime watchdog, FATF on Friday adopted mutual evaluation report on India and placed the country in "regular follow-up" category
 "'India Inc can cut paperwork to raise overseas funds with good FATF rating'")
High level of technical compliance, but follow-up needed: FATF on India
Finmin says it demonstrates the overall stability and integrity of the financial system
 "High level of technical compliance, but follow-up needed: FATF on India")
UAE poised to exit global watchdog FATF's 'grey list' after reform push
The UAE is expected to come off the list on Feb. 23, which is the final day of the FATF plenary in Paris, the people said. No final decisions have been made
 "UAE poised to exit global watchdog FATF's 'grey list' after reform push")
RBI gives clarity to 'politically exposed persons' term to meet FATF norms
They are individuals entrusted with prominent public functions by a foreign country, including the heads of states or governments
 "RBI gives clarity to 'politically exposed persons' term to meet FATF norms")
FATF removes offshore tax haven Cayman Islands from its 'grey list'
In its review published on October 27, FATF has added Bulgaria to the grey list
 "FATF removes offshore tax haven Cayman Islands from its 'grey list'")
Updating the tax haven debate
In a comprehensive analysis of black money, R Vaidyanathan's book explores the intricacies of its generation, the impact of tax havens, and the role of global initiatives
 "Updating the tax haven debate")
