Stay updated with breaking news from Financial Task Force. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Human rights defenders in Zimbabwe have called on the government to withdraw the Private Voluntary Organisations (PVO) Amendment Bill from the scheduled parliamentary processes with immediate effect.
The European Parliament last week passed a nonbinding resolution condemning the deterioration of human rights and freedoms in Hong Kong, and called for a review of the territory’s WTO membership. The resolution signals Hong Kong’s diminishing role as a non-sovereign entity. What is most striking is the dead silence of the territory’s leadership. Anxiety and insecurity best describe the mood of the ruling elite as they contemplate the end of Hong Kong’s glory days as a financial hub. In the past, senior Hong Kong officials were quick to criticize the West for its hypocrisy and failings ...
HK in trouble as it loses autonomy By Joseph Tse-hei Lee 李榭熙 Once a world-class territory for entrepreneurs and investors, Hong Kong is now in trouble. Its full integration into the Chinese autocratic system began with the implementation of the National Security Law last year. Proclaiming to safeguard security without deterring investment, Beijing has imposed a top-down authoritarian rule, dictated public discourse with state-run media, and replaced civil service professionals with ideological loyalists and independent judges with pliable cronies. The new security regime authorizes the...
Pakistan presents report on implementation of FATF recommendations Published On Over the last two years, Pakistan has made significant progress to address many legislative gaps ISLAMABAD (Dunya News) – Pakistani authorities on Monday have presented an implementation report on the recommendations of the Financial Task Force (FATF) during a virtual meeting. The three-day virtual plenary session of the Financial Action Task Force, during which Pakistan s performance in terms of measures taken against money laundering and terror funding will be reviewed once again, commenced on Monday. Sou...
Illegal Wildlife Trade: What Banks Must Do Author: Erik Stretz, Fico Principal Consultant The FATF released their report on ‘Money Laundering and the Illegal Wildlife Trade’ a topic that has been sitting on the side-lines for a long time, overshadowed by more prominent criminal ventures, such as drug trafficking. Although the market pales compared to the vast sums moved in the drug space, it’s still the 4 th most lucrative trade. Billions of dollars are made at the cost of our natural environment and the economical longevity of the affected countries and regions. Now, one might think th...