Russia barred from future projects of FATF
World | October 21, 2022 23:47 ISTThe FATF will continue to monitor the situation and consider at each of its plenary meetings whether grounds exist for lifting or modifying these restrictions.
The FATF will continue to monitor the situation and consider at each of its plenary meetings whether grounds exist for lifting or modifying these restrictions.
Pakistan has been taken off the 'grey list' in the wake of Islamabad's "high level political commitment" in dealing with the menace and carrying out reforms in its existing monitoring mechanism, according to the watchdog. The decision was taken by the FATF in its plenary held in Paris on October 20-
FATF welcomed Pakistan's significant progress in improving anti-money laundering, combating financial terror.
Pakistan may exit FATF grey list: Pakistan was included in the increased monitoring list in June 2018 for deficiencies in its legal, financial, regulatory, investigations, prosecution, judicial and non-government sectors to fight money laundering and combat terror financing.
Pakistan will continue to be on the "Grey List" of countries under increased monitoring of the Financial Action Task Force (FATF), a statement from the Paris-based global money-laundering and terror-financing watchdog said on Friday.
The development came late Friday when FATF President Marcus Pleyer announced conclusion of the four-day plenary session in Berlin and announced approval of Pakistan's performance report, adding that an onsite visit would be done before a formal announcement.
FATF President Dr Marcus Pleyer said that while the country is not being removed from the grey list today, it will be removed if the on-site verification goes well.
Weapons of Mass Destruction and their Delivery Systems (Prohibition of Unlawful Activities) Amendment Bill, 2022 - The Lower House passed the bill by a voice vote with members expressing unanimity that such a measure was the need of the hour.
US Secretary of State Antony Blinken, in the 2020 Country Reports on Terrorism issued on Thursday, said that regionally, terrorist groups continued to operate from Pakistan.
Pakistan was once again retained on the FATF's increased monitoring list earlier this month as it has failed to curb terror financing of UN proscribed terrorists on its soil.
The global financial watchdog, FATF has listed Pakistan on its 'grey list' yet again on Thursday. But what is FATF? Why is India's neighbor on this list? Here is your cheat sheet.
Being put on FATF's gray list can scare away investors and creditors, hurting exports, output and consumption. It also can make global banks wary of doing business with a country.
Pakistan has so far avoided being on the blacklist with the help of China, Turkey and Malaysia.
The Pakistan leadership will also be using the recent bomb attack on the Hamid Karzai international airport, which was claimed by IS-KP, as an opportunity to project that along with the Taliban, it was an indispensable partner for the US to tackle the emerging IS-KP threat.
Pakistan is yet to fully implement the 27-point action plan over money laundering and terror financing.
The Financial Action Task Force on Thursday decided to retain Pakistan on the “greylist” till the next review of its performance on the recommendations during the June Plenary session.
Pakistan will continue to remain on the Grey List of the Financial Action Task Force (FATF). The Paris-based body has asked the country to demonstrate "effective implementation" of targeted financial sanctions against all 1267 and 1373 designated terrorists.
The Paris-based Financial Action Task Force had placed Pakistan on the grey list in June 2018 and asked Islamabad to implement a plan of action to curb money laundering and terror financing by the end of 2019 but the deadline was extended later on due to COVID-19 pandemic.
Pakistan has been deceiving the FATF Task Force by pretending to take action against internationally designated terrorist groups and their financial networks but only on paper, a report said.
Pakistan will remain to be on the grey list of Financial Action Task Force (FATF), the terror-financing watchdog announced on Friday during its virtual plenary session.
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