FATF

FATF News

Pakistan must implement FATF action plan by September, says India

The FATF is learnt to have warned Pakistan to get its act together on terror funding before the October deadline during the ongoing Plenary Meeting in Florida, US, sources said Friday.

India's response to FATF warning 'preposterous, unwarranted': Pakistan

“We regard the statement issued by India regarding the FATF report as preposterous and unwarranted,” a statement by the Pakistan’s Foreign Office read.

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Global watchdog FATF give Pakistan until October to curb terror financing

The Financial Action Task Force said it was concerned that Pakistan had failed to complete the action plan first by a January deadline and then again by a May deadline.

Pakistan plans to shift students of JuD schools to govt-run institutions

A senior government official said that the Financial Action Task Force (FATF) had objected the Pakistani government's allocation of Rs 180 crore for running the JuD and FIF schools across the country.

Black or grey: What next for Pakistan at FATF?

Pakistan has been under the FATF’s scanner since last June, when it was put on the greylist for terror financing and money laundering risks, after an assessment of its financial system and law enforcement mechanisms.

Pakistan faces FATF blacklist: Key goals unmet, call for action against Jaish, LeT

Pakistan was placed on FATF’s grey list for terror financing in June 2018, on a proposal moved by the US, UK, Germany and France. FATF is the global watchdog on anti-money laundering and combating financing terror.

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Pakistan could be blacklisted by FATF due to 'lobbying by India', says Shah Mahmood Qureshi

In June last year, the Paris-based FATF had placed Pakistan on the 'grey list' of countries whose domestic laws are considered weak to tackle the challenges of money laundering and terrorism financing.

Pak demands India's removal from terror financing watchdog's review body

"India's animosity towards Pakistan was well known and the recent violation of Pakistan's airspace and dropping of bombs inside Pakistani territory was another manifestation of India's hostile attitude," Pakistan Finance Minister Asad Umar wrote in a letter to FATF.

Pakistan must take strict measures to avoid sanctions over FATF non-compliance: Finance secretary

Last year, the Paris-based FATF, an international terror financing watchdog, finalised a report with 40 recommendations for de-listing Islamabad from its 'grey list'. Pakistan was placed on the list for failing to curb anti-terror financing.

Financial action team finalises report with recommendations for de-listing Pak from grey list

A nine-member team of the FATF's Asia-Pacific Group (APG) arrived here to review the measures as promised by Pakistan in June to tackle the concerns about money laundering and terror financing.

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