Tag: FATF
17 Results
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No KYC disclosure on purchase of jewellery, precious stones below Rs 2 lakh
This is a requirement of FATF (Financial Action Task Force) Dealers in Precious Metals and Precious Stones (DPMS) to carry out KYC and Customer Due Diligence only when they conduct such big cash transactions.
January 9, 2021 -
In yet another U-turn, Pakistan denies sheltering fugitive underworld don Dawood Ibrahim
The Pakistan government has released a statement on Sunday over the media reports which claimed Dawood to be sheltered in the country by terming such reports as ‘baseless and misleading’.
August 23, 2020 -
Pakistan reveals most wanted fugitive Dawood Ibrahim’s whereabouts, imposes financial sanctions
It has released a list of 88 banned terror groups as part of its efforts to wriggle out of tough financial sanctions.
August 22, 2020 -
Mr Trump in India
US President and Prime Minister Narendra Modi were able to convey a robust message to the west of the Radcliffe Line, thanks largely to their personal chemistry.
February 28, 2020 -
Colour of Pakistan
The signal from the Paris conference of the Financial Action Task Force (FATF) is a fairly robust indictment of Islamabad’s game of playing footsie with terrorists.
February 24, 2020 -
Pak must crack down on terrorists for successful talks with India: White House ahead of Trump visit
Donald Trump and First Lady Melania Trump will lead a 12-member American delegation to Ahmedabad, Agra and New Delhi on February 24 and 25.
February 22, 2020 -
Pak to stay on FATF ‘grey list’, may fall into ‘blacklist’ on failure to deliver on 8 points by June
The FATF in October last decided to keep Pakistan on its 'Grey' list for failure to curb funnelling of funds to terror groups Lashkar-e-Taiba, Jaish-e-Mohammed and others.
February 21, 2020 -
Pakistan likely to stay on FATF’s ‘grey list’ despite intense lobbying
The plenary session of FATF will be held in Paris on Friday.
February 19, 2020 -
Terror groups continue to get funds from supporters, says FATF ahead of decision on Pak
Without naming Pakistan, the FATF said in a statement that terrorists use various methods to gain financing, including using social media to identify new followers and to solicit financial or other forms of material support.
February 18, 2020 -
‘Don’t interfere’: India slams Turkey as President Erdogan backs Pak’s stand over Kashmir
Notwithstanding India's objection, Turkish President Recep Tayyip Erdogan on Friday once again raked up the Kashmir issue, vowing that Ankara will support Pakistan's stand as it is a matter of concern to both the countries.
February 15, 2020 -
Saeed in the dock
The Lahore anti-terrorism court has sentenced the man to imprisonment for five-and-a-half years and a fine of Rs 15,000 in each of the two cases.
February 14, 2020 -
India cautious on Pakistan court’s conviction of Hafiz Saeed
“We have seen media reports that a court in Pakistan has sentenced UN-designated and internationally proscribed terrorist Hafiz Saeed in terror financing case. It is part of a long-pending international obligation of Pakistan to put an end to support for terrorism,” sources in the government said.
February 13, 2020 -
Black & Grey
There has also been a certain softening of stance on the part of the Western powers, notably the US, the UK, Germany, and France, indeed the four nations that were the initial sponsors of Pakistan’s grey-listing.
January 28, 2020 -
Not meeting FATF obligations will be devastating for Pakistan: US
The anti-terror financing body had, in October last, warned Pakistan of strong action if it fails to take measures on terror financing and money laundering by February 2020.
January 25, 2020 -
FATF may remove Pakistan from ‘grey list’ in its upcoming review meeting
The news comes after Pakistan Prime Minister Imran Khan met United States President Donald Trump in Davos this week
January 24, 2020 -
‘Exercise utmost caution’: India issues travel advisory for Turkey amid strained ties
The development comes after India decided to give a cold shoulder to its ties with Turkey after Istanbul backed Pakistan over the Kashmir issue at the UNGA session last month and at the FATF meet in Paris earlier this month.
October 23, 2019 -
Pressure on Pak to act on terror after FATF ‘black list’ warning: Army Chief Bipin Rawat
The global watchdog for terror financing and money laundering had on Friday warned Pakistan of blacklisting it if it fails to take complete measures on terror financing and money laundering by February 2020.
October 19, 2019