Kathmandu, Feb 18 (IANS) India and Nepal have signed an updated Agreement on Mutual Legal Assistance in Criminal Matters in Kathmandu, enabling the competent authorities of the two countries to cooperate in criminal investigations and legal proceedings.After years of negotiations, the agreement — which was initially agreed upon at a home secretary-level meeting in New Delhi in July last year — was signed on Tuesday, formalising cooperation to tackle financial and non-financial crimes as well a…
Latest Financial Action Task Force News & Updates
Ottawa, Feb 7 (IANS) Pakistan’s removal from the grey list of Financial Action Task Force (FATF) – officially classified as “jurisdictions under increased monitoring” — “was premature” — given the resurgence of domestic terrorist groups like Lashkar-e-Taiba and Jaish-e-Mohammad, whose continued operational capacity suggests non-compliance with recommendations of the global money laundering and terror financing watchdog. This underscores Pakistan’s lack of control over the terror fi…
New Delhi, Feb 7 (IANS) In January this year, the ISI circulated an audio clip in which Jaish-e-Mohammad (JeM) chief, Masood Azhar is heard threatening to unleash thousands of suicide bombers on India. Although, it has not been verified whether the voice was Azhar’s, it is a well-known fact that the JeM is in the process of building an army of suicide bombers. Intelligence inputs have suggested that this suicide bomber unit of the outfit would be women heavy.Interestingly, the JeM has not hire…
Islamabad, Feb 1 (IANS) Pakistan’s removal from the Financial Action Task Force (FATF) grey list in 2022 was considered a sign of improved financial governance; however, the optimism surrounding the development has faded. FATF’s announcement in 2025 to keep Pakistan under follow‑up monitoring despite its removal from the grey list, citing concerns over country’s ability and intention to curb money laundering and terror financing, demonstrated a reality that many analysts have stressed that d…
Washington, Jan 30 (IANS) Pakistan’s legal framework may align on paper with the 40 recommendations of global money laundering and terrorist financing watchdog Financial Action Task Force (FATF) but enforcement on the ground remains glaringly inconsistent. The FATF’s 2025 Comprehensive Update on Terrorist Financing Risks raises alarm, highlighting a significant increase in hybrid digital methods, with Pakistan-linked terror entities moving from banks to fintech platforms to bypass scrutiny, …
Washington, Jan 28 (IANS) Pakistan-based Islamic terrorist organisations are diversifying their fundraising tactics and finding ways to evade global oversight. These groups exploit humanitarian activities, mosques, rescue operations and wars to raise funds worldwide — including in the US, while spreading “militant Islamic messages” and bolstering terrorist activities, a report said on Wednesday. “Pakistan has a checkered past when it comes to money laundering and terrorist financing. It …
Islamabad, Jan 25 (IANS) Terrorist groups continue to operate in Pakistan through multiple proxy networks and remain engaged in financing and promoting terrorism, though they have modified their funding mechanisms to evade international scrutiny, according to a report.The Financial Action Task Force (FATF) placed Pakistan on its “grey list” three times between 2008 and 2022 over inadequate measures to curb terror financing.The Asia-Pacific Group (APG), a FATF-affiliated body, conducted an on…
New Delhi, Jan 19 (IANS) India and the United Arab Emirates (UAE) on Monday agreed to deepen defence and security cooperation – a core pillar of the Comprehensive Strategic Partnership – while underlining the shared interest in regional peace, security and stability. Prime Minister Narendra Modi and UAE President Sheikh Mohamed bin Zayed Al Nahyan, who paid an official visit to India at the invitation of PM Modi on Monday, reviewed the full scope of bilateral cooperation between the two countrie…
Sydney, Jan 10 (IANS) That Pakistan is fast becoming the next fertile ground for Hamas to rejuvenate and converge with other deadly terrorist groups operating in South Asia and the Middle East has been proven once again with recent viral videos showing a senior Hamas representative sharing stage with operatives of banned Pakistani terror outfit Lashkar-e-Taiba (LeT) during a public event in Pakistan’s Punjab province. Reports suggest that the person in the video has been identified as senior H…
Kathmandu, Jan 10 (IANS) The Nepali government has imposed a limit of NPR 500,000 on cash transactions for the purchase or sale of goods and services in a single transaction, effective from January 15. “Any individual, firm, company, or institution must carry out the purchase or sale of any service or goods, or any other transaction amounting to NPR 500,000 or more in a single transaction through a financial institution or banking instrument, given the capping of cash transactions,” the gove…