Tag: FATF

The Reserve Bank of India (RBI) on Thursday said the Financial Action Task Force (FATF) has called on its members to apply enhanced due diligence measures proportionate to the risk arising from Myanmar. The move comes after Myanmar was put on the ‘High-Risk Jurisdictions subject to a Call ...

ISLAMABAD, Oct 22: Pakistan has formally responded to the FATF’s decision to remove it from its grey list, saying the country’s engagement with the global watchdog has led to strategic improvements in its laws and procedures and made its domestic anti-terror financing and money laundering regime more resilient.The Paris-based Financial ...

Global anti-terrorism watchdog Financial Action Task Force on Thursday removed Pakistan from its “grey list” after four years. The grey list refers to countries that have been put under increased monitoring.The exit from the increased monitoring list means Pakistan can now have more access to foreign aid and loans.“Pakistan ...

The win for Pakistan comes amid the improvement in ties with the United States (US), especially after the ouster of Imran Khan – who had on several occasions made his dislike for the US known in public and had also accused Washington of orchestrating a coup to replace him.In ...

Pakistan Prime Minister Shehbaz Sharif on Friday welcomed the FATF's decision to remove his country from its grey list, describing the development as a vindication of our determined and sustained efforts over the years. The Paris-based Financial Action Task Force (FATF), the global watchdog on terror financing ...

The Ministry of External Affairs (MEA) spokesperson Arindam Bagchi today released a statement after Pakistan was removed from the FATF's grey list. The statement read "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 ...

WASHINGTON: Pakistan has pulled its ignominious FATF status out of the fire. After four years of global infamy of being grey-listed for its failure to check terror financing, Islamabad worked its way out of the list with a series of measures that was recognised by the the Financial Action ...

South Asian nation was included on the list in June 2018 for deficiencies in curbing money laundering and terror financing #Anadolu # Pakistan News Updates Source link

Inflation in Pakistan is skyrocketing and is expected to hit 23 per cent in the current fiscal year, while economic growth is slowing down. The country has been further hit by a $40 billion loss due to floods that wreaked havoc across the country and hit production. As different ...

Islamabad: The Global money laundering and terrorism watchdog Financial Action Task Force (FATF) team has arrived in Pakistan to verify the steps taken by the country to exit the watchdog`s grey list, local media reported. The FATF team will visit the Federal Investigation Agency`s (FIA) headquarters and the Anti-Money ...