United Nations, June 30 (IANS) India has defended the international anti-terrorism funding organisation against attacks on it by Pakistan saying it was motivated by fear of scrutiny. Calling the Financial Action Task Force (FATF) “an indispensable pillar of the global counterterrorism financing and anti-money laundering architecture”, India’s Permanent Representative P Harish said on Monday, “Attempts to question its credibility often reflect fear of scrutiny rather than genuine process-…
Latest Anti-Money Laundering News & Updates
Windhoek, June 23 (IANS) Namibia has been removed from the Financial Action Task Force’s (FATF) list of jurisdictions under increased monitoring, commonly known as the grey list, after completing reforms to strengthen its anti-money laundering and countering the financing of terrorism and proliferation framework, Finance Minister Ericah Shafudah said on Tuesday. Speaking at an event in Windhoek, Shafudah said Namibia’s removal from the list on June 19 was a major national milestone, reflecting p…
Kathmandu, June 20 (IANS) Nepal has remained on the Financial Action Task Force’s (FATF) list of jurisdictions under increased monitoring, commonly known as the “grey list”, although the Nepali government has been taking several measures to address concerns raised by the global anti-money laundering watchdog.Nepal was placed on the FATF grey list in February 2025 after the watchdog identified shortcomings in the country’s anti-money laundering and counter-terrorist financing framework.Since then…
Mumbai, May 13 (IANS) State Bank of India is exploring new-age technology such as “Behavioural Biometrics” to strengthen cybersecurity systems and prevent hacking attempts, the bank’s Managing Director Ashwini Tewari said on Wednesday.Speaking to reporters on the sidelines of an event here, Tewari said the country’s largest lender is closely evaluating advanced digital security tools as cyber threats continue to evolve rapidly in the banking sector.“State Bank of India is looking into …
New Delhi, April 16 (IANS) To curb money laundering and financial crimes, the Financial Intelligence Unit-India (FIU-IND) has signed two separate memorandums of understanding (MoUs) with the Securities and Exchange Board of India (SEBI) and the Pension Fund Regulatory and Development Authority (PFRDA) to enhance information sharing and inter-agency coordination, the Ministry of Finance said on Thursday.The agreements mark a step towards strengthening collaborative intelligence-sharing mechanisms…