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FATF

Another FATF reprieve

Despite the high expectations ahead of the plenary session, the Financial Action Task Force (FATF) has decided to retain Pakistan on its grey list of anti-money laundering and terror financing regimes. The decision is not entirely surprising as Pakistan has

Pakistan enjoys broad international support on FATF: Hammad Azhar

ISLAMABAD: Federal Minister for Economic Affairs Hammad Azhar has expressed that some circles are propagating baseless information about negative voting in the FATF meeting. In a tweet on Saturday, Hammad Azhar wrote that FATF, Financial Action Task Force has acknowledged

Pakistan to remain on FATF grey list till Feb 2021

ISLAMABAD: The Financial Action Task Force (FATF) has decided to keep Pakistan on its ‘grey list’ until February 2021, the watchdog’s president said today (Friday). FATF President Marcus Pleyer announced the decision at a virtual press conference held after the

FATF to decide Pakistan’s fate on greylist today

ISLAMABAD: The Financial Action Task Force (FATF) is expected to make a final decision today on whether to retain Pakistan on the grey list of anti-money laundering and terror financing regimes. The FATF President will give a press briefing on

FATF decides again

Pakistan’s fate once again hangs in the balance as the Financial Action Task Force (FATF) holds its plenary session. The bigger question on everyone’s mind remains whether Pakistan will be removed from the grey list or face sanctions. Pakistan has

FATF meets to decide Pakistan’s fate on grey list

ISLAMABAD: Pakistan is likely to remain on the grey list of the Financial Action Task Force (FATF) as it has been unable to comply with six of the 27-point action plan. The Paris-based global watchdog on global terror financing and

FATF’s Asia Pacific Group retains Pakistan on ‘enhanced follow-up list’

ISLAMABAD: The Asia-Pacific Group (APG) on Money Laundering has retained Pakistan on its “Enhanced Follow-Up” list for insufficent progress on technical recommendations of the Financial Action Task Force (FATF) to fight money laundering and terror financing. The first Follow-Up Report

FATF virtual meeting to be held on October 21

ISLAMABAD: The virtual meeting of the Financial Action Task Force (FATF) will be held from 21st to 23rd October. According to sources, the FATF meeting will decide to remove Pakistan from the grey list while reviewing the performance on the

FATF bills passed

The parliament has finally passed three crucial bills related to the Financial Action Task Force (FATF) regarding terror financing and money laundering. This comes amid a looming deadline before the global body reviews Pakistan’s progress on the action plan. It

Opposition and FATF laws

The government is working against a ticking clock to pass FATF-related legislation before the progress is reviewed. These efforts to avoid a blacklist and triggering sanctions suffered a setback as two bills were blocked in the opposition-dominated Senate, leading the

Govt to hold talks with opposition on NAB law, FATF action plan

ISLAMABAD: The government and opposition parties will discuss on Monday amendments to the National Accountability (NAB) laws and the Financial Action Task Force (FATF) action plan. The two sides will deliberate and arrive at a consensus on the powers of

Pakistan ensuring completion of FATF Action Plan: Sheikh tells UN

ISLAMABAD: Adviser to the Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh has said Pakistan as a responsible member and was ensuring the earliest completion of the Financial Action Task Force (FATF) Action Plan. The adviser was delivering

FATF, IMF relief

Amid the ongoing gloom and doom due to coronavirus pandemic, it is hard to even imagine any temporary relief and glad tiding. Global trade is expected to fall by one third and the world is in the midst of a

Pakistan has made significant progress on FATF action plan: minister

ISLAMABAD:  Federal Minister for Economic Affairs Hammad Azhar on Saturday said Pakistan has made significant progress on implementation on the Financial Action Task Force (FATF) action plan in the last year. “Pakistan has made significant progress at FATF in the

Finance Adviser thanks China on support in FATF meetings

ISLAMABAD: Adviser to the Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh met Ambassador of China Mr Yao Jing on Friday to review the preparations of the upcoming visit of the Chinese President Xi Jinping. The meeting took

Pakistan has made efforts in improving counter-terror financing: China

BEIJING: The Chinese foreign ministry on Friday said a majority of Financial Action Task Force (FATF) members recognised Pakistan’s efforts in improving its counter-terrorism financing (CTF) regime and will continue offering assistance in this regard. Addressing the regular press conference,

Another FATF meeting

The fate of Pakistan is once again in the hands of the Financial Action Task Force (FATF) to be moved from the so-called grey list. A plenary session of the FATF is being held in Paris to review progress made

Govt has worked hard to combat money laundering: Hammad Azhar

ISLAMABAD: Minister for Economic Affairs Hammad Azhar has said that Pakistan’s government has worked very hard to combat money laundering and terrorism financing. Hammad Azhar took to Twitter and said, “It is premature to comment and speculate on the decision

Other countries will also revisit their travel advisory like UK: FM Qureshi

MULTAN: Foreign Minister Shah Mahmood Qureshi has expressed the hope that other countries would also revisit their travel advisory for Pakistan like United Kingdom. While talking to journalists in Multan, FM Qureshi said that UK’s decision to revise its travel

FATF to determine Pakistan’s fate today

BEIJING: After the final round of talks with the officials today, the Financial Action Task Force (FATF) will make its final decision on Pakistan’s removal from its grey list. Reports claimed that Pakistan briefed FATF officials on the measures taken

FATF, Pakistan officials continue holding discussion in Beijing

BEIJING: Pakistan’s officials and the Financial Action Task Force continued discussion in Beijing, where Islamabad’s compliance update on the four-month improvement on the FATF action plan was checked. According to the sources, FATF officials were briefed on four-month progress in

Will Pakistan be blacklisted by FATF?

Currently, Pakistan is present on the grey list of Financial Action Task Force (FATF), but some experts have warned that the threat of being blacklisted is still looming. Before we explain what grey and blacklists are and what are the

Pakistan’s delegation arrives in Beijing for FATF meeting

BEIJING: A Pakistani delegation landed in Beijing on Sunday for a Financial Action Task Force (FATF) meeting scheduled later this month at which the organization would scrutinize the country’s attempts to implement stringent anti-terrorism funding and money laundering regulations. According

Need US assistance be removed from FATF grey list: Qureshi

ISLAMABAD: Pakistan has urged the US to get it off the Financial Action Task Force (FATF) grey list, which monitors global money laundering and terror financing. At a news briefing here on Friday night, Foreign Minister Shah Mehmood Qureshi said

Pakistan expected to get further extension by FATF in 2020

ISLAMABAD: Pakistan has not impressed the Financial Action Task Force with the steps it has taken to tackle money laundering and terror funding, thereby holding its position under the grey list until the next meeting scheduled for February 2020. While

FATF urges more clarification in compliance report

ISLAMABAD: Pakistan has received 150 questions from the joint group of the Financial Action Task Force (FATF) in response to the report it had submitted earlier. According to the top officials, the PTI government had received a response from FATF. 

FATF compliance report

While the government continues to boast about economic stability and the stock market upturn, Pakistan’s presence on FATF’s grey list remains a chief reason why foreign investments have still not poured in. Pakistan narrowly escaped getting further downgraded in September

Pakistan’s delegation to attend FATF meeting today

ISLAMABAD: A five-member delegation of Pakistan on Saturday will attend an important meeting of the Financial Action Task Force (FATF). As per reports, Hammad Azhar federal minister for Economic Affairs Division will lead the delegation which will attend the FATF

Pakistan submits compliance report to FATF

ISLAMABAD: Pakistan submitted a report comprising answers to 22 questions to the Financial Action Task Force (FATF), officials said on Friday. The report details Pakistan’s actions against the groups the United Nations has listed as terrorist organisations as well as sentences

Pakistan submits compliance report to FATF

ISLAMABAD: Minister for Economic Affairs Hammad Azhar said that Pakistan has submitted its agreement report to the Financial Action Task Force (FATF). The agreement report will be based on anti-money laundering and counter-terrorist financing laws. Hammad Azhar said that Pakistan,