The Financial Action Task Force (FATF) is the global money laundering and terrorist financing watchdog. The inter-governmental body sets international standards that aim to prevent these illegal activities and the harm they cause to society. As a policy-making body, the …
What’s in the news? The ninth edition of India-Sri Lanka Naval Exercise, SLINEX, has commenced at Visakhapatnam. The previous edition of SLINEX was conducted off Trincomalee in October 2020. SLINEX aims at enhancing inter-operability, improving mutual understanding and exchanging best …
About Financial Action Task Force (FATF) It is an intergovernmental organization that designs and promotes policies and standards to combat financial crime. Recommendations of the FATF target Money laundering Terrorist financing Other threats to the global financial system The FATF …
Why in News: The Russian invasion is making the global chip shortage situation worse. How did the shortage crisis begin? After reaching its peak in 2011, the laptop market growth slowed down with the rise of alternatives such as smartphones …
The International Court of Justice (ICJ) is the principal judicial organ of the United Nations (UN). It was established in June 1945 by the Charter of the United Nations. The Court’s role is to settle, in accordance with international law, …
Context As tensions between Russia and the West over Ukraine remain at an all-time high, the 2015 Minsk protocols have become a key factor in discussions aimed at resolving the long-simmering conflict in eastern Ukraine. What’s the difference between Minsk …
What’s in the news? Recently, India criticised the Organisation of the Islamic Cooperation (OIC) for being “communal minded” and “hijacked by vested interests” – a reference to Pakistan – after the grouping called on the UN Human Rights Council to …
The United Nations defines refugees as people who have fled their home countries due to persecution, war, or violence. A refugee is someone who is afraid of being persecuted because of their ethnicity, religion, nationality, political beliefs, or participation in …
Context Australia, Japan, and Singapore, co-convenors of the plurilateral Joint Statement Initiative (JSI) on e-commerce are expecting a convergence on more issues on e-commerce by the end of 2022 Global rules on digital trade At the Second Ministerial Conference (1998) …