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वैश्विक कूटनीति में भारत का बजा डंका, जानिए सीनियर आईएएस विवेक अग्रवाल को क्यों मिली एफएटीएफ की कमान National News: भारत ने वैश्विक कूटनीति और अंतरराष्ट्रीय वित्तीय व्यवस्था के मोर्चे पर एक बहुत बड़ी ऐतिहासिक सफलता हासिल की है। केंद्र सरकार के वरिष्ठ ब्यूरोक्रेट और मौजूदा संस्कृति सचिव विवेक अग्रवाल को दुनिया की सबसे बड़ी संस्था फाइनेंशियल एक्शन टास्क फोर्स यानी एफएटीएफ का नया उपाध्यक्ष चुना गया है।...
वैश्विक कूटनीति में भारत का बजा डंका, जानिए सीनियर आईएएस विवेक अग्रवाल को क्यों मिली एफएटीएफ की कमान National News: भारत ने वैश्विक कूटनीति और अंतरराष्ट्रीय वित्तीय व्यवस्था के मोर्चे पर एक बहुत बड़ी ऐतिहासिक सफलता हासिल की है। केंद्र सरकार के वरिष्ठ ब्यूरोक्रेट और मौजूदा संस्कृति सचिव विवेक अग्रवाल को दुनिया की सबसे बड़ी संस्था फाइनेंशियल एक्शन टास्क फोर्स यानी एफएटीएफ का नया उपाध्यक्ष चुना गया है।...
Premier on the road again for CARICOM meeting
Premier André Ebanks at a recent plenary in Mexico (from social media) (CNS): Premier André Ebanks is in St Kitts and Nevis this week to attend CARICOM’s 50th Regular Meeting with Caribbean Heads of Government. The meeting, which has the theme “Beyond Words: Action Today for a Thriving, Sustainable CARICOM”, will take place Tuesday through Friday under the chairmanship of the host nation’s prime…
Premier heads to Mexico for latest FATF talk-shop
Premier André Ebanks at a recent plenary in Mexico (from social media) (CNS): As Cayman officials continue efforts to maintain the jurisdiction’s reputation as a well-regulated financial services jurisdiction, Premier André Ebanks, wearing his financial services minister’s hat, headed to Mexico on Tuesday. Ebanks is leading a delegation to the Financial Action Task Force Plenary in the ongoing…
Premier heads to Paris for FATF meeting
André Ebanks making his first speech as premier (CNS): Premier André Ebanks, who is also the financial services minister, is making his first overseas trip as the country’s leader this week, leading a delegation to the Financial Action Task Force (FATF) Plenary in France today and tomorrow (12-13 June), according to a press release from the Ministry of Financial Services and Commerce. Continue…
Greylisting: what it could mean for Papua New Guinea’s banks and their customers
Greylisting: what it could mean for Papua New Guinea’s banks and their customers #png #pngbusiness
Late in 2024, a 226-page report on Papua New Guinea by the global Financial Action Task Force was quietly published online that may, according to the experts, have a significant impact on the PNG banking and finance system. Business Advantage PNG takes a closer look. PNG’s new Anti-Money Laundering Joint Taskforce involves a number of different government agencies. Credit: Khaosai…
Cayman gets guest seat on FATF regional body
Financial Services Minister André Ebanks at the recent FATF meeting (CNS): The Cayman Islands has become one of the first countries to secure a seat at the table of a new regional body created by the Financial Action Task Force (FATF). Cayman and Senegal have been appointed as guest members under a new Regional Bodies Guest Initiative that will invite under-represented jurisdictions from the…
Global anti-money laundering watchdog the Financial Action Task Force said Friday it added EU member Bulgaria to its “grey list”
Global anti-money laundering watchdog the Financial Action Task Force said Friday it added EU member Bulgaria to its “grey list” of countries subject to increased monitoring.
Countries on the grey list have “strategic deficiencies” in their efforts to counter money laundering and terrorist financing, but are cooperating with the FATF to correct the problems and are subject to increased monitoring.
Bulgaria joined 22 other nations on the list, while Panama and the Cayman Islands were removed.
More than 200 countries and jurisdictions have pledged to implement the recommendations of the FATF, which regularly reviews their efforts to combat money laundering and the financing of terrorism and weapons proliferation.
The FATF also has a “blacklist” of nations that are considered high-risk jurisdictions.
Countries are urged to apply countermeasures against Iran and North Korea to protect against money laundering and the financing of terrorism and weapons proliferation.
Meanwhile, countries are requested to apply enhanced due diligence concerning Myanmar.
