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The FATF updates the blacklist regularly, adding or deleting entries. [4] The FATF describes "High-risk jurisdictions subject to a Call for Action" as having "significant strategic deficiencies in their regimes to counter money laundering, terrorist financing, and financing of proliferation. For all countries identified as high-risk, the FATF ...
The Financial Action Task Force (FATF), also known by its French name, Groupe d'action financière (GAFI), is an intergovernmental organisation founded in 1989 on the initiative of the G7 to develop policies to combat money laundering and to maintain certain interest. [3] In 2001, its mandate was expanded to include terrorism financing.
The FATF blacklist was the common shorthand description for the Financial Action Task Force list of "Non-Cooperative Countries or Territories" (NCCTs). The effect of the FATF Blacklist has been significant and arguably has been more important in international efforts against money laundering than has the FATF Recommendations. [1]
Oklahoma Treasurer Todd Russ added global bank Barclays to his list of financial firms thought to be discriminating against the oil and gas industry just weeks after it led the sale of $230 ...
Head of the Wagner Group, Materially assisted, sponsored, or provided financial, material, or technological support for, or goods or services in support of, senior officials of the Russian Federation; extensive business dealings with the Russian Federation Ministry of Defense, and a company with significant ties to him holds a contract to build ...
Ukraine could dismantle within days its "sponsors of war" blacklist, central to Kyiv's campaign to expose companies doing business with Russia, after a backlash from countries including China and ...
Foreign Terrorist Organization (FTO) is a designation for non-United States-based organizations deemed by the United States secretary of state, in accordance with section 219 of the Immigration and Nationality Act of 1965 (INA), to be involved in what US authorities define as terrorist activities.
a ban on directly or indirectly making funds, other financial assets and economic resources available. It is important to note that sanctions are only applicable to EU-external groups regardless of designation. For example, 47 groups are listed as terrorist organizations in the EU but sanctions are only applied to 27 of these.