The Latest Breaking News from FATF

The official said the FATF, which is likely to visit Mumbai as well, may also meet civil society representatives.

Accusing the Indian government of prosecuting, intimidating, and harassing human rights defenders, activists, and non-profit organisations on the pretext of countering terrorist financing, Amnesty International, Charity & Security Network (C&SN), and Human Rights Watch (HRW) have sought the intervention of the Financial Action Task Force (FATF).

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The measures include the notification of practising Chartered Accountants, Company Secretaries, and Cost and Management Accountants as reporting entities

Ahead of the Financial Action Task Force’s India visit to probe alleged misuse of local laws to crackdown on non-profits, a report published by a US-based rights group has alleged that India’s expanding scope of anti-terror laws have “wide-ranging adverse impacts” on rights defenders and non-profit organisations.  

FATF looks to revise standards to ensure non-profit organisations were not hurt by anti-terror measures. FATF proposes risk-based approach to mitigate terror-funding risks. Deadline for public comments on proposals is August 18.

The Supreme Court extends ED Director S.K Mishra's tenure till September 15, 2023, to ‘serve national interest,’ a month less than the Centre’s demand. We examine the case and the controversy behind the tenure extension.

The order allowing Sanjay Kumar Mishra, head of the Enforcement Directorate, to continue at the Centre’s request is needlessly accommodative

A bench of Justices BR Gavai, Vikram Nath and Sanjay Karol said in view of the peer review being conducted by the Financial Action Task Force (FATF) this year and to enable smooth transition, Mishra's tenure will be till July 31. Read further on Dynamite News:

Global financial watchdog calls for prompt action to address anti-money laundering and counter-terrorism financing in crypto activities.

HANOI: Vietnam was added to the watch list of the FATF international financial crime watchdog, which said the nation has nonetheless committed to proving it effectively prevents the financing of the proliferation of weapons of mass destruction.