MONEY LAUNDERING TOPIC: Economy Context- ED arrests Maharashtra Minister Nawab Malik in money laundering case. Concept- Money Laundering: Money laundering is concealing or disguising the identity of illegally obtained proceeds so that they appear to have originated from legitimate sources. Money Laundering is an offshoot of parallel economy, which deprives most governments of […]

    FATF – Financial Action Task Force Topic: Money Laundering Context: Pakistan government to set new rules to meet FATF requirements. Concept: The Financial Action Task Force (FATF) is an inter-governmental body established in 1989 during the G7 Summit in Paris. The objectives of the FATF are to set standards and promote effective implementation of legal, regulatory […]