WASHINGTON: Finance Minister Ishaq Dar hoped that Pakistan will come off of the Financial Action Task Force’s (FATF) grey list as the watchdog is expected to announce its decision after making an onsite visit earlier last month. In June, Pakistan completed FATF’s action plans but the watchdog still kept the nation on the grey list […]
grey list
ANP Punjab laud efforts for removing Pakistan from FATF grey list
PESHAWAR: Awami National Party (ANP) Punjab on Saturday lauded the efforts made by the federal government for removing the country from the grey list of Financial Action Task Force (FATF). ANP Punjab General Secretary Amir Bahadur Hoti in a statement issued here said the government had ensured fulfillment of all FATF requirements in order to […]
Qureshi questions FATF’s decision to keep Pakistan on grey list
ISLAMABAD: Foreign Minister Shah Mahmood Qureshi on Saturday questioned the decision of the Financial Action Task Force (FATF) to keep Pakistan on its “increased monitoring list”, widely known as the grey list after the country completed 26 out of the 27 points under the action plan given to it by the financial watchdog. The FATF, […]
Pakistan: Crucial FATF hearing
The last meeting of the FATF in February 2021 concluded on a mix note for Pakistan. FATF acknowledged significant progress made by Pakistan on the entire action plan where Pakistan successfully made progress across all action plan items and largely addressed 24 of the 27 action items. However, on the flip side it explicitly stated […]
Getting out of the FATF grey list would help stabilize Pakistan’s economy
According to the Josh, the FATF is an independent intergovernmental body that develops and promotes policies to protect the Global Financial System against terror funding and Money Laundering activities. FATF has two types of lists one is Black list and other is Grey list. Those countries which are not cooperating in taking measures against money […]
Diplomatic efforts falter as FATF places Pakistan on dreaded ‘grey list’
The Financial Assistance Task Force (FATF) announced Wednesday that it had decided to place Pakistan on its dreaded ‘grey list’. The announcement follows a preliminary meeting the financial watchdog held in the French capital, Paris on Wednesday. Reports coming in earlier from Paris had claimed that the FATF would give Pakistan more time to abide […]