The decision of the Financial Action Task Force (FATF) to keep Pakistan in its grey list till June 2021 despite the fact that it addressed 24 out of 27 action items has raised serious questions over the approach of global terror-financing and money-laundering watchdog. Ignoring to include India and Afghanistan in its list even with… Continue reading 10 questions if FATF is biased against Pakistan
The Financial Action Task Force (FATF) committee is to meet once again to evaluate Pakistan’s compliance with the recommendations of the anti-money laundering watchdog. Pakistan expects to come out of the grey list. However, some diplomats and senior officials are of the view that the country may continue to remain in the increased monitoring list… Continue reading Is Pakistan likely to be removed from FATF grey list?
What is FATF? Financial Action Task Force (FATF), is an independent inter-governmental watchdog to combat global money laundering, terrorism financing and the financing of proliferation of weapons of mass destruction. It aims to prevent illegal practices in the international system by setting specific standards for states to follow. It was founded in 1989, by the… Continue reading FATF on Pakistan: Politics of Course – but where do we stand?
Islamabad has been struggling to get off the Financial Action Task Force’s (FATF) gray list since 2018. However, internal and external environments have not been conducive. Opposition parties censured and attempted to obstruct or at least delay the government’s legislative process to promulgate laws– a FATF precondition. Besides, Pakistan’s archrival India has been lobbying to… Continue reading FATF: Pakistan’s chances of exiting the gray list?
China on Thursday exhibited confidence over Pakistan’s very probable exit from being included in the list of nations that are under strict surveillance by the Financial Action Task Force (FATF). Chinese Ambassador Yao Jing during a meeting with the Adviser to the Prime Minister on Finance and Revenue Hafeez Shaikh was positive of Pakistan’s exit… Continue reading Pakistan will be excluded from FATF grey-list: China
Prime Minister Imran Khan has said that the Opposition parties and India are on the same page with regard to the issue of Financial Action Task Force (FATF). According to official sources, Prime Minister Imran Khan on Wednesday chaired a meeting of government and party representatives, in which briefings about the governmental measures to bring… Continue reading FATF-related legislation: PM Imran accuses opposition of being on the same page with India