Tag: FATF
17 Results
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FATF may ‘greylist’ Nepal for money laundering, terror financing
Nepal is at real risk of being put on the greylist by the Financial Action Task Force (FATF) as there are deficiencies in both its legislation and enforcement of laws related to money laundering and terror financing, writes Prithvi Man Shrestha in The Kathmandu Post.
January 3, 2023 -
Pakistan’s petty politics puts country in an economic tailspin
Pakistan's leaders have found it fit to play petty politics with 'arch enemy' India even as their country is hit by a natural calamity of unprecedented magnitude. Heavy monsoon rain, induced by climate change, has devastated nearly a third of the country. Millions are marooned and are struggling to find food, shelter and medicines.
September 3, 2022 -
Terror taper
Islamabad is buzzing with the impending news of Pakistan’s likely removal from the “grey list” of the Financial Action Task Force (FATF), the global body which combats terror financing.
June 21, 2022 -
Pakistan one step away from exiting FATF grey list
The development came late Friday when FATF President Marcus Pleyer announced conclusion of the four-day plenary session in Berlin and announced approval of Pakistan's performance report, adding that an onsite visit would be done before a formal announcement.
June 18, 2022 -
Nirmala Sitharaman attends FATF Ministerial Meeting in Washington D.C.
Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman attended the FATF Ministerial Meeting in Washington D.C. on 21st April 2022, conducted along-side the 2022 Spring Meetings of the World Bank Group and the International Monetary Fund (IMF).
April 22, 2022 -
FATF will fail in its duty if it delays blacklisting Pakistan
Pakistan is the only country in the world that hosts thousands of terrorists, run terrorist training camps for global jihadis
October 1, 2021 -
Pakistan hit with $38 billion loss due to FATF grey list
Pakistan was retained on the grey list as the Paris-based UN watchdog judged it deficient in prosecuting the top leadership of UN Security Council-designated terror groups.
June 26, 2021 -
Pak terror financing
These will include goods at godowns, maalkhanas or any other place and will be confiscated.
May 15, 2021 -
Pakistan suffers losses worth $38bn due to FATF grey listing
The report findings come at a time when Pakistan's progress on actions taken to comply with FATF's global standards to curb money laundering and terror financing, are going to be reviewed at the plenary meeting of the FATF in Paris.
February 26, 2021 -
No KYC disclosure on purchase of jewellery, precious stones below Rs 2 lakh
This is a requirement of FATF (Financial Action Task Force) Dealers in Precious Metals and Precious Stones (DPMS) to carry out KYC and Customer Due Diligence only when they conduct such big cash transactions.
January 9, 2021 -
In yet another U-turn, Pakistan denies sheltering fugitive underworld don Dawood Ibrahim
The Pakistan government has released a statement on Sunday over the media reports which claimed Dawood to be sheltered in the country by terming such reports as ‘baseless and misleading’.
August 23, 2020 -
Pakistan reveals most wanted fugitive Dawood Ibrahim’s whereabouts, imposes financial sanctions
It has released a list of 88 banned terror groups as part of its efforts to wriggle out of tough financial sanctions.
August 22, 2020 -
Mr Trump in India
US President and Prime Minister Narendra Modi were able to convey a robust message to the west of the Radcliffe Line, thanks largely to their personal chemistry.
February 28, 2020 -
Colour of Pakistan
The signal from the Paris conference of the Financial Action Task Force (FATF) is a fairly robust indictment of Islamabad’s game of playing footsie with terrorists.
February 24, 2020 -
Pak must crack down on terrorists for successful talks with India: White House ahead of Trump visit
Donald Trump and First Lady Melania Trump will lead a 12-member American delegation to Ahmedabad, Agra and New Delhi on February 24 and 25.
February 22, 2020 -
Pak to stay on FATF ‘grey list’, may fall into ‘blacklist’ on failure to deliver on 8 points by June
The FATF in October last decided to keep Pakistan on its 'Grey' list for failure to curb funnelling of funds to terror groups Lashkar-e-Taiba, Jaish-e-Mohammed and others.
February 21, 2020 -
Pakistan likely to stay on FATF’s ‘grey list’ despite intense lobbying
The plenary session of FATF will be held in Paris on Friday.
February 19, 2020