retained Pakistan on its grey or ‘increased monitoring list’ even as it acknowledged “significant progress” made on the entire 27-point action plan Pakistan had committed to for checking money-laundering and terrorist financing. The Paris-based body said Pakistan had now largely addressed 24 of...
On Thursday, The Financial Action Task Force (FATF) proposed that they are going to evaluate Pakistan’s progress at the special plenary session in June 2021 till then Pakistan is on their grey list. After FATF four-day virtual meeting session, the President of FATF Dr. Marcus Pleyer conduct...
Certain countries represent a higher risk of money laundering and terrorist financing activity – and these countries may be included on the FATF’s black list or grey list. When doing business with persons and entities in these countries, the FATF recommends that financial institutions apply enhance...
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...
Pakistan and FATF: A Journey from Grey List to White ListShah, Asad AliBashir, FaizaMajeed, TabassumDialogue (Pakistan)
Back in 2021, the FATF had put Turkey on the grey list. As per the Reuters report earlier today, November 1, Turkish Finance Minister Mehmet Simsekspoketo the parliamentary commission that “work related to crypto assets” is one of the final outstanding matters needed for the nation to achie...
BEIJING, Oct. 24 (Xinhua) -- China welcomes the decision of the Financial Action Task Force (FATF) to remove Pakistan from its grey list, a foreign ministry spokesperson said on Monday. "China congratulates Pakistan on this," spokesperson Wang Wenbin told a regular news briefing. ...
it is officially referred to as jurisdictions under increased monitoring. the countries on this list may face economic sanctions from institutions like the imf and the world bank and experience adverse effects on trade. pakistan is one of the country in the greylist of faft. candidates can find...
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...
The task force’s evaluation could have major consequences for the VI’s reputation on the world stage. As a result of its mutual evaluation reports, the FATF keeps a blacklist of “high risk jurisdictions” — which currently includes only North Korea and Iran — and a grey list of “jur...