Tag: FATF

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Identify the major sources of money laundering in India. Explain the typical process through which illicit money is converted into legitimate assets.

Topic: Money Laundering Q5. Identify the major sources of money laundering in India. Explain the typical process through which illicit money is converted into legitimate assets. (10 M) Difficulty Level: Easy Reference: InsightsIAS Why the question Money laundering directly affects economic stability, internal security and governance credibility, and has gained renewed relevance due to tighter …

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FATF Expands Asset Recovery Scope Beyond Graft

Source: TOI Context: The Financial Action Task Force (FATF) has issued new global guidance on asset recovery, expanding its scope beyond corruption to cover crimes like fraud, cyber offences, and money laundering. About FATF Expands Asset Recovery Scope Beyond Graft: What it is? A new 340-page FATF guidance outlining a comprehensive framework for identifying, preserving, …

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The nexus between narcotics trafficking and organised crime poses a silent threat to national security. Analyse this statement and suggest multi-agency measures to disrupt such networks.

Topic: Linkages of organized crime with terrorism Q6. The nexus between narcotics trafficking and organised crime poses a silent threat to national security. Analyse this statement and suggest multi-agency measures to disrupt such networks. (15 M) Difficulty Level: Medium Reference: TH Why the question: The growing narco-terror nexus in India that threatens internal security and …

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Financial Action Task Force (FATF)

Source:  TH Context: The Financial Action Task Force (FATF), during its ongoing plenary in Paris, is expected to deliberate on the issue of state-sponsored terrorism financing. About Financial Action Task Force (FATF): What it is? The FATF is an intergovernmental policy-making body that sets global standards to combat money laundering, terrorist financing, and proliferation financing. …

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What role do Double Taxation Avoidance Agreements (DTAAs) and international information exchange frameworks play in addressing cross-border money laundering? Evaluate their effectiveness from India’s perspective.

Topic: Money-laundering and its prevention Q5. What role do Double Taxation Avoidance Agreements (DTAAs) and international information exchange frameworks play in addressing cross-border money laundering? Evaluate their effectiveness from India’s perspective. (10 M) Difficulty Level: Medium Reference: TH Why the question: India’s low conviction rate under PMLA despite a rising number of cases, along with …

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Financial Action Task Force (FATF)

Source:  LM Context: The Financial Action Task Force (FATF) strongly condemned the April 2025 Pahalgam terror attack and announced intensified scrutiny of countries’ efforts in countering terror financing. About Financial Action Task Force (FATF): What is FATF? The Financial Action Task Force (FATF) is an intergovernmental policy-making body that sets global standards to combat money …

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FATF launched the Mutual Evaluation Report (MER) for India

Syllabus: Internal Security: Money laundering Source: FATF   Context: India has made significant progress in complying with FATF standards and tackling illicit finance, but it needs to continue improving as its economy grows. The (Mutual Evaluation Report) MER on AML (Anti-money laundering) and CFT (Countering Terror Financing) measures placed India in the “regular follow-up” category, …

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Amendments to PMLA rules and its impact on ‘politically exposed persons’, NGOs

GS Paper 3 Syllabus: Money laundering-related issues   Source: IE Context: The Finance Ministry has amended the Prevention of Money Laundering Act (PMLA) and rules in line with the recommendations of the FATF – the global money laundering and terrorist financing watchdog.   Background: The government has been struggling to deal with the pandemic-era upsurge …

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[Mission 2023] INSIGHTS DAILY CURRENT AFFAIRS + PIB SUMMARY 28 February 2023

InstaLinks :  help you think beyond the issue but relevant to the issue from UPSC prelims and Mains exam point of view. These linkages provided in this ‘hint’ format help you frame possible questions ina your mind that might arise(or an examiner might imagine) from each current event. InstaLinks also connect every issue to their …

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Blacklisting of terrorists: What does this mean?

GS Paper 2 Syllabus: International Relations, Security Challenges and their Management in Border Areas – Linkages of Organized Crime with Terrorism   Source: TH  Direction: The article highlights the significance of international counterterrorism cooperation to curb terrorist threats and dismantle terror infrastructure.    Context: The UN Security Council’s (UNSC) 1267 Al Qaeda Sanctions Committee added …

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EDITORIAL ANALYSIS: The FATF and Pakistan’s Position

  Source: The Hindu Prelims: Current events of international importance, Bilateral relations, Important International Institutes, FATF(Grey list, black list) Mains GS Paper II: Significance of Important International Institutes, India-Pakistan relations. ARTICLE HIGHLIGHTS Ahead of the plenary session of the Financial Action Task Force(FATF), the global financial crime watchdog, Pakistan which continues to face an economic …

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FATF:

GS Paper 2: Syllabus: Important International institutions, agencies and fora, their structure, mandate.   Context: Pakistan is hoping for some reprieve as the international watchdog Financial Action Task Force (FATF) will begin meetings in Berlin ahead of its plenary session.   Background: Pakistan was put on the grey list by the Paris-based FATF in June …

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FATF:

GS Paper 2: Topics Covered: Indian and its neighbourhood. Important International institutions, agencies and fora, their structure, mandate.   Context: Pakistan’s efforts to investigate and prosecute leaders of UN-designated terror groups in order to counter terror financing will be assessed during the ongoing meetings of the Financial Action Task Force (FATF) in Paris. The multilateral …

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What Mauritius exiting FATF grey list means for India?

GS Paper 3 Topics Covered: Money laundering related issues.   Context: The Financial Action Task Force (FATF) has moved Mauritius out of its grey list.   Why is Mauritius no longer subject to FATF’s increased monitoring process? Mauritius has strengthened the effectiveness of its anti-money laundering and terror financing process, and has addressed related technical …

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