FATF

FATF sounds alarm on crypto regulation gaps

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[ad_1] ISLAMABAD: The Financial Action Task Force (FATF) has warned of the risks of virtual assets being used for money laundering, terror financing and other illicit activities, and stressed the need for urgent global action. The Paris-based global financial watchdog called on countries to take stronger action to combat illicit finance in crypto assets, warning … Read more

India’s bid to isolate Pakistan at FATF fails

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[ad_1] Listen to article ISLAMABAD: India’s efforts to push Pakistan back onto the Financial Action Task Force (FATF) grey list have once again failed, as the money laundering watchdog opted instead to keep the country under a “reporting” mechanism rather than downgrading its status, informed sources have revealed. Pakistan was placed on the FATF’s increased monitoring list … Read more