China on Friday praised close-ally Pakistan's "enormous efforts" in combating terror financing and played down reports that it backed India and other countries against Islamabad at the just- concluded FATF meeting in Paris that retained the country in the Grey List.
The Financial Action Task Force (FATF), the global anti-terror funding watchdog, on Friday decided to keep Pakistan on its 'grey' list till June 2020. The Islamic nation also gets stern warning from FATF on terror funding.
Indian Army Chief General MM Naravane on Thursday reckoned that China had realised that it cannot back Pakistan all the time, going on to add that Beijing may be “forced” to rethink its strategy vis-à-vis Islamabad
As the review meeting of Financial Action Task Force (FATF) held in the French capital Paris on Tuesday, Pakistan retained its position in the grey list of the terror watchdog.
Jaish-e-Mohammad supremo Masood Azhar has gone missing, Pakistan claimed ahead of the meeting of the Financial Action Task Force (FATF) which will take up the Pakistan dossier for discussion on Friday. The FATF plenary started in Paris on Sunday.
The Financial Action Task Force (FATF) to decide on Pakistan's fate starts today in the French capital Paris. The terror financing watchdog will assess the steps that Imran Khan government has taken against the terrorist organisations operating from its soil and then take a call whether Pakistan will be taken out of the Grey List of FATF or ask it to do more.
Mumbai terror attack mastermind Hafiz Mohammad Saeed will most certainly be released after the verdict of Financial Action Task Force (FATF) as reported by news agency ANI.
A top US diplomat Alice Wells has said that not meeting the obligations of the Financial Action Task Force (FATF) would have a devastating impact on Pakistan's economic reform program.
Not meeting the obligations of the Financial Action Task Force (FATF) would have a devastating impact on Pakistan's economic reform program, a top US diplomat said.
Pakistan may be out of the 'Grey List' of the international terror financing watchdog FATF next month due to the active support of China and tactical support of some Western countries, official said on Thursday.
Pakistan submitted a report comprising answers to 22 questions to the FATF, Geo News quoted officials as saying. The report details Pakistan's actions against the groups the United Nations has listed as terrorist organisations as well as sentences handed to them by the courts.
It is important for Pakistan to fully implement the recommendations of the Financial Action Task Force (FATF) to counter-terror financing, a top American diplomat has said. The implementation of the FATF recommendations, besides taking action against terrorist networks, would help the US revise its travel advisory against Pakistan, the diplomat said in response to a question.
Presenting India's concern over terror financing issues on the second day of the second 'No Money For Terror' conference being attended by 65 countries here, India stressed on the use of blockchain-based cryptocurrencies in the Indian context.
Pakistan may remain on the FATF grey list beyond February 2020, mainly because of its risk profile and in view of two simultaneous evaluations.
The FATF, whose five-day plenary concluded in Paris on Friday, said Sri Lanka made significant progress in addressing the strategic AML/CFT deficiencies identified earlier.
Financial Action Task Force (FATF), the global terror financing and money laundering watchog, has retained Pakistan on the Grey List with an ultimatum of four months. The FATF Plenary in Paris today noted that Pakistan addressed only five out of the 27 tasks given to it in controlling funding to terror groups like the Lashkar-e-Taiba and Jaish-e-Mohammad.
The watchdog had placed Pakistan on the grey list in June 2018 and was given 15 months to complete implementation of a 27-point action plan, failing which it be placed in the blacklist along with Iran and North Korea.
The Asia Pacific Group (APG) of the FATF had recently made public its report on money-laundering and terror-financing in Pakistan. The FATF-APG report had 10 parameters for 'Effectiveness and Technical Compliance Ratings' and 40 for 'Technical Compliance Ratings'.
An FATF meeting in Paris on Tuesday reviewed the measures that Islamabad has already taken to control money laundering and terror financing. However, the meeting observed that Islamabad will have to take further steps in these four months
The Asia Pacific Group report — which is set to be reviewed during this week’s task force meeting — said that while Pakistan seized some assets, the amounts seized were very small considering the extent of the money laundering and terrorist financing believed to be going on in the country.
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