Grey List The United Arab Emirates (UAE), home to the financial hub of Dubai, has achieved a significant milestone by being removed from the global watchdog Financial Action Task Force’s …
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Financial Action Task Force (FATF)
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National
Pakistan rejects a malign campaign by Indian media ahead of FATF meeting
by Hamza Irshadby Hamza IrshadIn advance of the Financial Action Task Force (FATF) plenary meeting, Pakistan has rejected a malign campaign by Indian media, according to ARY News on Thursday. In response to inquiries …
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Before the plenary meeting of the watchdog, which will decide Pakistan’s fate, Finance Minister Ishaq Dar promised that the country would soon be removed from the Financial Action Task Force’s …
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EconomyLatest Updates
FATF upgrades compliance of Pakistan as the country is on way to exit gray list
by Umar Sohailby Umar SohailISLAMABAD: The Asia Pacific Group (AGP) of the Financial Action Task Force (FATF) upgraded Pakistan’s compliance ratings, which is a sign that the country is on way to an exit …
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Latest UpdatesNational
Pakistan will be out of FATF grey list by Oct: Hina Khar
by Umar Sohailby Umar SohailMs Khar said that FATF has acknowledged the completion of both action plans, the progress made and recognised Pakistan’s commitment to improve its AML/CFT position.
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EconomyLatest Updates
FATF conditions: Real estate agents, builders to share information of buyers, sellers with FBR
by Umar Sohailby Umar SohailFBR has directed real estate agents and builders to share the information of proposed buyers and sellers of properties before brokering a deal. A list of 4,500 proscribed terrorists list …
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InternationalLatest Updates
A Big Success Pakistan, Good Progress Made: FATF Clears Pakistan on 22 Key-Points
by Umar Sohailby Umar SohailThe APG accepted Pakistan’s stance on 22 recommendations, some of them “critical” including compliance with the UNSC resolutions, tightening of the weapons of mass destruction-related controls, actions against politically exposed …
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Pakistan has completed almost 90% of its current FATF action-plan with 24 out of 27 items rated as ‘largely addressed’ and the remaining 3 items ‘partially addressed’.
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Pakistan might be retained by FATF yet again due to the anti-money laundering and terror financing laws not being fully compliant with global standards.