Sign In
Learn bits
World Affairs
Pradeep Kumar

22/10/21 10:30 AM IST

Turkey placed on FATF grey list

In news

Financial Action Task Force (FATF) placed Turkey on its grey list for failing to check terror financing and retained Pakistan as well.

Highlights
  • Overall, three countries were added to the grey list this time- Jordan, Mali and Turkey. 
  • Pakistan will remain on the grey list till it addresses all items on the original action plan agreed to in June 2018 along with all items on a parallel action plan handed out by the watchdog's regional partner - the Asia Pacific Group (APG) - in 2019.
  • Two countries- Botswana and Mauritius were removed from the grey list after both the nations showed high-level commitment to implement reforms to improve their anti-money laundering and counter-terrorism finances.
Financial Action Task Force
  • The Financial Action Task Force was set up in 1989, during the G7 Summit in Paris, as an inter-governmental body. 
  • The task force aims to set international standards for combating money laundering and terror financing. 
  • The FATF Plenary is the main decision-making body of the Financial Action Task Force. 
  • The Financial Action Task Force comprises over 39 member countries including India. 
Source: The Hindu

More Related Current Affairs View All

08 Sep

Rajasthan’s coaching centre Bill

'The Rajasthan Coaching Centres (Control and Regulation) Bill, 2025, is a significant piece of legislation passed by the Rajasthan Assembly to regulate and oversee the state's burg

Read More

28 Aug

IADT-1

'Recently, the Indian Space Research Organisation (ISRO) successfully carried out its first Integrated Air Drop Test (IADT-1), a crucial milestone in the preparation for the countr

Read More

28 Aug

H-1B visa changes

'H-1B visa changes 2025: United States Commerce Secretary Howard Lutnick called the popular H-1B visa program a “scam”, saying that American businesses should be focuse

Read More

India’s First Ai-Driven Magazine Generator

Generate Your Custom Current Affairs Magazine using our AI in just 3 steps