Pakistan in grey list of FATF - TNPSC GURU - TNPSC Group 2A Results, cut offMark - TNPSC

Latest

Post Top Ad

Saturday, March 3

Pakistan in grey list of FATF

TNPSC Current Affairs - March 2018 by TNPSC Guru

Pakistan to be included in grey list of Financial Action Task Force (FATF) from June.

About FATF
  • FATF is an inter-governmental  body to combat money laundering and terrorist financing.
  • It was established in G-7 summit in 1989, headquartered in Paris, France..
  • It has 37 member including India, European Union and the Gulf Co-operation Council

About Grey list
  • Including in Grey list which means the country which not taken enough step to counter money laundering and terrorist financing.
  • It will decrease the foreign investment in the country considering the ties to terrorist activities , also the image of country.
  • Also very difficult to get the loan from International monetary fund, world bank and other foreign financial institituion.


No comments:

Post a Comment

Post your feedback and doubts in the comment box below.

Thanks for visiting our Website..

Post Top Ad