Islamabad [Pakistan], October 8 (ANI): Despite Pakistan's assurances to Financial Action Task Force (FATF) of controlling terrorist groups, it was found that Lashkar-e-Taiba's (LeT) international operational commander Sajid Mir's had a role in the killing of a Swedish cartoonist in Sweden early this month.
The use of cryptocurrencies for illicit activities from ransom money, money laundering and funding for terrorist activities continues unabated. The tightening regulation does not appear to be making enough of a difference yet. Over the past eighteen months, the Covid crisis appears to have made matters worse as the authorities shifted their focus to fighting the pandemic.
FATF will fail in its duty if it delays blacklisting Pakistan for its terror sponsorship, says expert
Islamabad [Pakistan], October 1 (ANI): Pakistan, which is on the Financial Action Taken Force (FATF) grey list must be brought under the black list for state sponsoring terror. Fabien Baussart, writing in The Times of Israel said that FATF will fail in its duty if it delays blacklisting Pakistan for its terrorist sponsorship.
By Pragya KaushikaNew Delhi [India], September 3 (ANI): With the Taliban takeover of Afghanistan and a renewed threat of terrorism, the Parliamentary Standing Committee on External Affairs is expected to discuss measures to counter global terrorism at regional and international levels at a meeting scheduled on Friday.
While a travel rule would be a 'game changer', both Home Affairs and Austrac believe more technology development is required before the rule is implemented. The Department of Home Affairs on Friday said it agrees with submissions from industry that government currently does not have the technological capability for implementing a travel rule for cryptocurrencies.
Islamabad [Pakistan], August 4 (ANI): Pakistan opposition slammed the federal government of Imran Khan over its failure to remove the country from Financial Action Task Force's (FATF) grey list. Pakistan Peoples Party (PPP) MNA and former prime minister Raja Pervez Ashraf asked the federal government to tell the National Assembly about the only condition which Pakistan had not so far fulfilled to come out of the FATF grey list, reported Dawn.
THE EU has started a war against bitcoin and other cryptocurrencies but the bloc is set to miserably fail, a political commentator has recently claimed. Companies that transfer bitcoin or other crypto assets must collect details of senders and recipients to help authorities crack down on dirty money, EU policymakers said on Tuesday in the latest efforts to impose regulation on the sector.
July 20 (Reuters) - Companies that transfer bitcoin or other cryptoassets must collect details of senders and recipients to help authorities crack down on dirty money, EU policymakers proposed on Tuesday in the latest efforts to tighten regulation of the sector. The law proposed by the European Commission, the EU executive, would apply what is known as the travel rule to crypto transactions to make them traceable.
By Pragya KaushikaNew Delhi [India], July 18 (ANI): The External Affairs Minister S Jaishankar on Sunday credited the Narendra Modi government for ensuring Pakistan is included in Financial Action Task Force's (FATF) grey list. Jaishankar, during virtually addressing BJP leaders' training program on the foreign policy of the Modi government, said that while trying to have a cordial relation with neighbours it was ensured that terrorism is treated as a global issue and not just a problem faced by a few countries.
MANILA, July 1 (Reuters) - Philippine authorities will "work unceasingly" to assure compliance with recommendation from a global money laundering watchdog and exit its "grey list" on or before 2023, the central bank governor said on Thursday. Being added to the grey list of the Financial Action Task Force (FATF) does not automatically mean imposition of countermeasures, central bank Governor Benjamin Diokno told a regular news conference.
DUBAI, June 30 (Reuters) - More than 500,000 firms in the United Arab Emirates (UAE) must disclose their ultimate owners from Wednesday or face penalties, as the Middle East financial hub tries to avoid inclusion on a dirty money watchlist. However, under legislation passed last year beneficial and legal ownership data will only be disclosed to the government and not publicly accessible.
Brussels [Belgium], June 29 (ANI): Terming the fight against terrorism and money laundering as its top priorities, the European Union has urged Pakistan to follow the steps outlined by the Financial Action Task Force (FATF). The EU remarks come days after the UN-affiliated watchdog announced retaining Pakistan on its 'grey list' as it failed to investigate and prosecute the senior leaders of United Nations-designated terror groups.
LOCAL financial services firms are being told to have regard to a decision by an international watchdog to add Malta to a money laundering ‘grey list’. The Financial Action Task Force confirmed Malta was now under increased monitoring and was working with the country to address ‘strategic deficiencies’ in its regime to counter money laundering, terrorist financing and proliferation financing.
PARIS (Reuters) -A global dirty money watchdog said on Friday it had added European Union member Malta to its "grey list" of countries under increased monitoring, and kept Pakistan on the list despite progress on tackling terrorism financing. The Financial Action Task Force (FATF) also said that Haiti, the Philippines and South Sudan were added to its grey list, and that Ghana had been removed after the country had made progress.
PARIS, June 25 (Reuters) - Global money laundering and terrorist financing watchdog FATF said on Friday that Ghana was no longer under its increased monitoring process but said other nations were now on that list. "The FATF congratulated Ghana for the significant progress it has made," the Financial Action Task Force said in a statement, adding that Haiti, Malta, the Philippines and South Sudan were "new jurisdictions subject to increased monitoring".
Paris [France], June 25 (ANI): In a setback to Pakistan, the Financial Action Task Force (FATF), a global terror financing watchdog, on Friday retained the country on its "grey list". Continuation on the 'grey list' for Pakistan means that it will not get any respite in trying to access finances in the form of investments and aid from international bodies including the International Monetary Fund (IMF).
Tel Aviv [Israel], June 25 (ANI): Pakistan has deliberately left loopholes in small savings accounts to help financing terrorist groups, many of whom enjoy the patronage of the state to dodge the Financial Action Task Force (FATF) scrutiny. The FATF has been asking Pakistan to comply with international standards and rules of anti-money laundering and anti-terrorist financing laws and regulations.
VALLETTA, June 23 (Reuters) - Malta has been put on a grey list by the world's money laundering and terrorist financing watchdog (FATF), Prime Minister Robert Abela said on Wednesday, in a move which could seriously damage the island's economy. Speaking at news conference, Abela said he thought the decision was "unjust" and promised to push ahead with planned reforms aimed at tackling financial wrongdoing.
Notabene and Elliptic launch a ready-to-use solution that complies with FATF Recommendations to virtual asset service providers (VASPs) and financial institutions (FIs) VASPs and FIs can automate the exchange of counterparty information during cryptoasset transactions securely and privately LONDON and NEW YORK, June 16, 2021 /PRNewswire/ -- Notabene, a fast-growing FATF Travel Rule solution provider, has integrated with Elliptic, the global leader in cryptoasset risk management and blockchain analytics.