Page 28 - Terror Financing News Today

Foreign Minister Shah Mahmood Qureshi said there was 'no room' for Pakistan to remain on the FATF's 'grey list,' citing the country's implementation of 26 of the global body's 27 points of action to combat money laundering and terrorist financing.

NEW DELHI: The Financial Action Task Force (FATF) on Friday retained Pakistan on its grey list for failing to check money laundering, leading to terror financing, and asked Islamabad to investigate and prosecute senior leaders and commanders of UN-designated terror groups, including Hafiz Saeed and Masood Azhar.

SRINAGAR: Paris based international terror-financing watchdog, Financial Action Task Force (FATF) has retained Pakistan in its grey list and given it additional six tasks to move out of the status, reports said.

Will fully cooperate and implement FATF's new action plan in 12 months: Pak minister after country retained on 'grey list'

Read more about Malta placed on global money laundering watchdogs grey list for monitoring on Business Standard. A watchdog on the lookout for money laundering and terror financing said Friday it has placed the tiny Mediterranean island nation of Malta on a list for increased monitoring

Qureshi questions FATF’s decision to keep Pakistan on its increased monitoring list after the country completed 26 out of the 27 points.

Turkey adds crypto firms to money laundering, terror financing rules.   | Photo Credit: AFP Last month Turkeys central bank banned the use of cryptoassets for payments on the grounds such transactions were risky (Subscribe to our Todays Cache newsletter for a quick snapshot of top 5 tech stories. Click here to subscribe for free.) Turkey added cryptocurrency trading platforms to the list of firms covered by anti-money laundering and terrorism financing regulation, it said in a presidential dec...

In a setback for Islamabad, the United Kingdom in its new amended regulations on money laundering and terror financing has listed Pakistan under high-risk states. Pakistan is listed under 21 'high-risk third countries', which includes North Korea, Syria, Zimbabwe, Syria and Yemen.  The 'Amendment of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017' has the amendment with the new list which includes Pakistan. The reg...

UK puts Pakistan on 'high risk' states over money laundering, terror financing - Pakistan is listed under 21 "high-risk third countries", which includes North Korea, Syria, Zimbabwe, Syria, Yemen.

UAE businesses that must register in anti-money laundering systems Web Report/Dubai (Wam file photo used for illustrative purpose) The deadline for non-financial businesses is March 31; failure to register could result in closure. The Ministry of Economy (MoE) has listed the businesses that need to register in the anti-money laundering systems before March 31. ALSO READ: These include real estate agents, gold dealers, auditors, and service providers for companies. Referred to as designated non-...