Pak In FATF

FATF started out with 16 developed countries as members and added 12 by 1992. It has since expanded to the current list of 39 members

Major terror attacks in Jammu and Kashmir declined after Pakistan was included in the Financial Action Task Force's (FATF) grey list, a senior Indian government official said here on Friday. The United Nations Security Council's Counter-Terrorism Committee should examine this correlation, said joint secretary Safi Rizvi. Making a presentation at a special meeting of the UNSC panel, which India is hosting, Rizvi, however, did not name Pakistan at any point. But he noted that after the chances of Pakistan getting delisted from the grey list increased, terrorist activities too increased. Jammu and Kashmir recorded five attacks on 'hard targets' -- well-defended places like government offices, military and police camps -- in 2014, eight attacks in 2015 and 15 in 2016. The number fell to eight in 2017 and declined further to three in 2018, Rizvi said. In 2019, there was a very big aberration in the form of the Pulwama attack while in 2020, no hard target was attacked, the official ...

From Reliance Jio's 5G services launch in Rajasthan to coronavirus cases, catch all the latest developments from across the globe here

The world should remain clear that Pakistan must continue to take "credible, verifiable and irreversible" action against terrorism, India said on Friday after anti-money laundering watchdog FATF removed the neighbouring country from its 'grey list'. The Paris-based Financial Action Task Force (FATF) took off Pakistan from a list of countries under increased monitoring, also known as the 'grey list'. "It is in global interest that the world remains clear that Pakistan must continue to take credible, verifiable, irreversible and sustained action against terrorism and terrorist financing emanating from territories under its control," External Affairs Ministry spokesperson Arindam Bagchi said. He was replying to media queries on the issue. "As a result of FATF scrutiny, Pakistan has been forced to take some action against well-known terrorists, including those involved in attacks against the entire international community in Mumbai on 26/11," Bagchi said. "We understand that Pakistan

After four years, Pakistan on Friday may exit the grey list of the global watchdog on terror financing and money laundering FATF, a development that will allow it to try to get foreign funding to tide over its precarious financial situation. Till June, Pakistan had completed most of the action items given to it 2018 by the Financial Action Task Force (FATF) and a few item which were left unfulfilled including its failure to take action against UN designated terrorists, including Jaish-e-Mohammed (JeM) chief Masood Azhar, Lashker-e-Taiba (LeT) founder Hafiz Saeed and his trusted aide and the group's 'operational commander' Zakiur Rehman Lakhvi. Azhar, Saeed and Lakhvi are most wanted terrorists in India for their involvement in numerous terrorist acts, including 26/11 Mumbai terror attacks and bombing of a CRPF bus at Pulwama in Jammu and Kashmir in 2019. Pakistan was put in the inglorious list in 2018 for its failure to check risk of money laundering, leading to corruption and terro

Pakistan is likely to exit the grey list of the Financial Action Task Force (FATF) this week after it was placed in the infamous category since 2018 for failing to check money laundering and terrorist financing, a media report said on Monday. Pakistan was included in the increased monitoring list in June 2018 for deficiencies in its legal, financial, regulatory, investigations, prosecution, judicial and non-government sector to fight money laundering and combat terror financing considered serious threat to global financial system, the Dawn newspaper reported. The Paris-based global watchdog on money laundering and terrorist financing said that the first FATF Plenary under the two-year Singapore Presidency of T. Raja Kumar will take place on October 20-21. Pakistan has made high-level political commitments to address these deficiencies under a 27-point action plan. But later the number of action points was enhanced to 34. The country had since been vigorously working with FATF and i

India's call at FATF for investigation and prosecution of 30 terrorist leaders in Pakistan was strongly backed by the Western nations, a news report said

Pakistan said it was working closely with the FATF to schedule an early on-site visit to verify the progress made by the country in countering financing of terrorism and money-laundering

Pakistan will continue to be on the "Grey List" of countries under increased monitoring of the Financial Action Task Force (FATF)

Financial Action Task Force (FATF), a global watchdog tasked with combatting money laundering and terrorist financing, is all set for its strategic review of Pakistan

Pakistan has launched a massive diplomatic effort to get off the grey list of global money laundering and terrorist financing watchdog FATF, a media report said on Tuesday. Pakistan has been on the grey list of the Paris-based Financial Action Task Force (FATF) since June 2018 for failing to check money laundering, leading to terror financing, and was given a plan of action to complete it by October 2019. Since then, the country continues to be on that list due to its failure to comply with the FATF mandates. Pakistan needs the votes of Turkey, China, and Malaysia to get off the list, and all three countries have assured the Pakistani authorities of full support for the purpose, the News International reported. The decision on Pakistan's status on the list will be taken during the current meeting being held from June 14 to 17 in Berlin, Germany, official sources were quoted by The News International on Tuesday. According to sources, during the recent visits of Prime Minister Shehb

With an aim to exit the grey list of the Financial Action Task Force (FATF), Islamabad is planning to reduce the number of terrorists in Pakistan occupied Kashmir (PoK), according to security sources.

The plenary on Friday decided against exonerating Pakistan from the category despite the country meeting 32 out of 34 action points, the Dawn newspaper reported on Saturday

FATF has retained Pak on its terrorism financing grey list and asked Islamabad to address at the earliest the remaining deficiencies in its financial system, according to a media report on Saturday.

Pakistan is now targeting the full completion of the 2021 action plan on anti-money laundering and combating terror financing by the end of January 2023

As per a media report, Pakistan should continue to be in the Financial Action Task Force (FATF) "grey list" on the upcoming Plenary Session scheduled in Paris from 21 February to 4 March this year.

Financial Action Task Force (FATF) will open Pakistan's Pandora Papers leaks to reveal the nexus of the financial shenanigans

Mauritius was put on the list by FATF in February 2020, and that had a significant impact on its credibility as a prudent and compliant jurisdiction

Pakistan may remain on the 'grey list' of the FATF till the global money laundering and terror financing watchdog meets for its next session in April 2022, according to a media report on Tuesday. Paris-based Financial Action Task Force (FATF) will be in session for three days from October 19-21 and it is expected that Tuesday's session may be informed that Pakistan is still short of meeting the FATF criterion, according to a report in The News International reported from the French capital. The report, quoting sources in German media house Deutsche Welle, said the global body's decision on putting Pakistan off the 'grey list' may be taken in the next session slated for April 2022. The FATF in June retained Pakistan on its 'grey list' for failing to check money laundering, leading to terror financing, and asked Islamabad to investigate and prosecute senior leaders and commanders of UN-designated terror groups, including Hafiz Saeed and Masood Azhar. It also asked Pakistan to work to

Pakistan has made significant progress on its first action plan of the Financial Action Task Force by largely addressing 26 of the 27 action items, US has said