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Author Topic: Governments around the world face money laundering and fraud after the corona  (Read 33 times)

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Governments around the world face money laundering and fraud after the coronavirus outbreak

The Task Force for Financial Measures on Money Laundering and Terrorism Support (Financial Action Task Force (FATF)) said Friday that fraud related to COVID "COVID" has been reported. -19 Has increased greatly all over the world

The FATF disclosed that fraud related to counterfeiting of medical products, stimulus measures. And the online scams related to the COVID-19 epidemic are having a big impact on governments.

FATF, an international organization based in Paris. France announced on Friday that Pakistan continues to be grayed out, saying Pakistan is failing to comply with six of the 27 FATF recommendations and needs to take more decisive action towards funding terrorism.

FATF removed Iceland and Mongolia from the gray list of countries. This is the list of countries that need to increase surveillance of money laundering and terrorism financing.

Gray-listed countries refer to countries that have not taken full measures to tackle money laundering. And funding terrorism

As for the current FATF blacklist. Only Iran and North Korea Because it is a country with a serious money laundering risk And financial support for terrorism Being blacklisted will severely affect the capabilities of that country. In international borrowing and financial transactions

For Thailand, it has been removed from the FATF blacklist since 2013 after the FATF decides that Thailand has made significant progress in improving various bugs. According to international standards for the prevention and suppression of money laundering And financial support for terrorism



 

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