Recently, Pakistan got a reprieve from the Financial Action Task Force (FATF) as FATF announced that the country could be removed from the grey list. FATF is expected to decide whether to take Pakistan off the ‘grey’ list at the end of its plenary session in Berlin in October....
Crypto hotspots like theUnited Arab Emirates (UAE)and the Philippines are on the grey list as well, but according to FATF, both countries have made a “high-level political commitment” to work with the global financial watchdog to strengthen their AML and CFT regime. Pakistan was pre...
Turkey’s finance minister has revealed the country’s intentions to introduce new crypto regulations, aiming to secure removal from the Financial Action Task Force’s “grey list” of nations lacking sufficient anti-money laundering measures. Back in 2021, the FATF had put Turkey on the grey li...
Ahead of FATF’s plenary in Paris next week, how influential are the body’s grey and black lists for the international banking industry? byJohn Everington Of the 23 jurisdictions on the grey list, around a third have expressed confidence of coming off following next week’s FATF plenary in...
The FATF’s working group is set to meet in Paris from Feb. 21-March 4, during which it would consider Pakistan’s status on the grey-list or the list of “jurisdictions under increased monitoring.” Initially, Pakistan’s action plan comprised 27 items, of which 26 had been ...
ISLAMABAD, June 18 (Xinhua) -- The Financial Action Task Force (FATF) has acknowledged the completion of Pakistan's Action Plans of 2018 and 2021 and authorized an onsite visit to Pakistan as a final step to removing the country from FATF's grey list, the Pakistani Foreign Ministry said. ...
Per routine, Energy Minister Hammad Azhar hailed Pakistan’s retention on the grey list as “good news.” Claiming that Islamabad had managed to address four of seven points on the Asia-Pacific Group action plan within “one cycle,” he said this was “unprecedented” in FATF history. “For...
High-Risk Jurisdictions subject to a Call for Action This is often externally referred to as the "black list" Jurisdictions under Increased Monitoring This list is often externally referred to as the 'grey list' 60 jurisdictions have addressed serious anti-money laundering & counter-terrorist ...
call we may never know, but what is certain is that further delays in the painful extraction from the notorious grey and black list of the IMF/FATF and the EU would be most unwelcome at a time when the country wants to project itself as a clean and safe destination for travel and ...
After FATF four-day virtual meeting session, the President of FATF Dr. Marcus Pleyer conducted a press conference covering the results of the virtual meeting. The decision was declared in the press conference to keep Pakistan on the grey list until further notice. ...