He also said that terrorists are constantly finding new ways to carry out violence, radicalise youth and raise financial resources and the darknet is being used by terrorists to spread radical content and conceal their identities.
The list in 2018 contained about 7,600 names. It has been reduced to under 3,800 in the past 18 months, according to Castellum.AI, a New York-based regulatory technology company. About 1,800 of the names have been removed since the beginning of March, according to data collected by Castellum.
The FATF warned Pakistan that if it doesn't complete a full action plan by June, it could lead to consequences on its businesses
Trump on Wednesday said he offered 'arbitration or mediation' on the Kashmir issue to the leadership of India and Pakistan during his meetings with Modi and Khan and the two nuclear-armed neighbours have to 'just work it out'.
Indian Army has taken the initiative to induct women in rank and file, and the first batch of 100 women soldiers is undergoing training at Corps of Military Police Centre and School, he said.
'We are going to need more technical people in government.' 'You can't expect a generalist to understand the complicated world of financial engineering.' 'I regret to say that most of our politicians have no competence to deal with these things. Nor is there a willingness to learn.'
The Supreme Court said on Wednesday it will examine whether its 2022 verdict upholding the Enforcement Directorate's (ED) powers to arrest and attach property involved in money laundering under PMLA required any reconsideration.
A three-judge bench headed by Justice Sanjay Kishan Kaul was hearing the pleas seeking reconsideration of the July 27, 2022 verdict by a three-judge bench on certain parameters.
"We call on Pakistan to stop cleansing their own minorities including Hindus, Christians, Sikhs, Buddhists and others," Bhat said.
In a major boost to measures being taken by India against money laundering and terror financing activities, the Financial Action Task Force (FATF) on Wednesday said the country has substantially addressed the deficiencies in its regulatory framework and has become largely compliant with global standards in this regard.
A dossier will be given to the FATF, an international terror financing watchdog.
However, the US praises India for its significant counter-terrorism actions.
Days after the Supreme Court held as "illegal" the extension of ED Director Sanjay Kumar Mishra's tenure, the Centre on Wednesday moved the apex court seeking modification of its order to allow him to continue in office till October 15 in view of the ongoing FATF review.
He also said that when it comes to proscribing some terrorists, the United Nations Security Council (UNSC) has 'regrettably' been unable to act in some cases because of 'political considerations'.
The Financial Action Task Force (FATF) on Friday retained Pakistan on its 'grey list' for failing to check money laundering, leading to terror financing, and asked Islamabad to investigate and prosecute senior leaders and commanders of United Nations-designated terror groups, including Hafiz Saeed and Masood Azhar.
As of now, unlisted companies are not allowed to directly list in overseas markets without prior or simultaneous listing in Indian markets.
The Paris-based global watchdog for curbing terror financing and money laundering will hold its virtual plenary session from October 21 to 23. It will review Pakistan's progress on the 27-point action plan.
Pakistan said no 'new decision' was taken about it at the virtual plenary of the global terror financing watchdog.
ONGC was the top gainer in the Sensex pack, rallying around 18 per cent, followed by HUL, UltraTech Cement, RIL, TCS, HDFC, ITC and Asian Paints. Only HDFC Bank and IndusInd Bank settled in the red. NSE Nifty zoomed 482 points, or 5.83 per cent, to close at 8,745.45.
Pakistan has been scrambling in recent months to avoid being added to a list of countries deemed non-compliant with anti-money laundering and terrorist financing regulations.
Pakistan failed to fulfil six of the 27 mandates so far as a result of which the country continues to be in the grey list of the FATF.
Market observers also said the approvals depended a lot on the funds themselves, and the extent to which they followed the new norms introduced last year.
This year saw no improvement in bilateral ties as India accused Pakistan of cross-border infiltration and re-activation of terror-launching pads near the LoC.
The Supreme Court on Thursday extended the tenure of Enforcement Directorate chief Sanjay Kumar Mishra till September 15 midnight in larger "public and national interest" after the Centre asserted his continuity is necessary in view of the ongoing FATF peer review and attempts by India's neighbours to ensure the country falls in the grey list.
Two organisations tracking tax violations and money laundering worldwide identify totally different sets of countries for lack of financial transparency.
Switzerland has come under international pressure, including from India, amid concerns that black money is stashed in Swiss banks.
External Affairs Minister S Jaishankar said the passage of the amendment will strengthen India's national security and its global position.
According to the new proposals, resident promoters or a foreign promoter from a FATF jurisdiction can set up a market infrastructure institution.
This is the full text of the address to the nation by President Droupadi Murmu on the eve of India's 78th Independence Day.
In a major crackdown on domestic shell companies, the government on Friday decided to take "harsh punitive" action, including freezing of their bank accounts used to launder money or evade taxes.
Why does Punjab's CM find it hard to fulfill poll promises?
The government has appointed a Task Force headed by A Vaidyanathan of Madras Institute of Development Studies, to prepare an action plan for reviving rural cooperative banking institutions.
An independent Task Force on Friday asked the G-20 nations to recognise publicly that the flow of illicit money out of poor countries, facilitated by the global shadow financial system, cripples the ability of these countries to work their way out of poverty.
The Centre on Monday defended in the Supreme Court the third extension of service granted to Enforcement Directorate chief Sanjay Kumar Mishra, asserting it was due to a peer review being conducted by the Financial Action Task Force (FATF) this year and said he will retire this November.
India's stand at the FATF plenary and other related discussions have always been consistent regarding Pakistan.
A statement issued by the Interior Ministry also said the crackdown on Jaish 'has been taken in line with the decision of the NSC meeting'.
In a clear reference to Pakistan, he also sought diplomatic isolation and blacklisting by anti-terror watchdog FATF of countries sponsoring terrorism, asserting that there is a need to take the bull by its horns and strike at the root cause of terror.
Inter-governmental body FATF has come out with elaborate suggestions on ways to prevent misuse of corporate vehicles and on having a risk-based approach for the banking sector to help curb money laundering and terror funding activities.
The French sources also said that the country will insist on maintaining Pakistan on the 'grey list' of countries at the ongoing meet of the Financial Action Task Force (FATF) in Paris.
Mir was called "project manager" of the Mumbai attacks.
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