Daily Current Affairs – 2020Topic: For Prelims and Mains
The new speech was invented for the terrifying warrior tribe called Kalakeya in the two-part Baahubali franchise. It now has evolved into a language with script grammar and more than 3000 words for everyday communication. It is considered as the world’s easiest language. This fictional language was created by popular lyricist and screenwriter Madhan Karky.
The Financial Action Task Force (FATF) has given an extension of four months to Pakistan to act against organizations involved in terror financing. Pakistan will remain in the Grey List.
It is an inter- governmental body established in 1989 on the initiative of the G7. Its Secretariat is located at the Organization for Economic Cooperation and Development (OECD) headquarters in Paris.
Member Countries: There are 39 member of FATF, representing most financial centers around the world. This includes 2 regional organizations- GCC and EC. The FATF Plenary is the decision making body of the FATF. It meets three times per year.
The objectives of the FATF are to set standards and promote effective implementation of legal, regulatory and operational measures for combating money laundering, terrorist financing and other related threats to the integrity of the international financial system.
Grey List: Countries that are considered safe haven for supporting terror funding and money laundering are put in the FATF grey list. This inclusion serves as a warning to the country that it may enter the blacklist.
Countries known as Non-Cooperative Countries or Territories (NCCTs) are put in the blacklist.
These countries support terror funding and money laundering activities. The FATF revises the blacklist regularly, adding or deleting entries.
It is a joint military exercise between India and Maldives.