FATF’s regional group keeps Pak on ’Enhanced Follow-up’ for meagre progress against terror financing
4 years, 2 months ago

FATF’s regional group keeps Pak on ’Enhanced Follow-up’ for meagre progress against terror financing

Live Mint  

Noting that Pakistan's measures against money laundering and terror financing "is not yet sufficient to justify a re-rating", a regional affiliate of the Financial Action Task Force on Monday retained the country on its 'Enhanced Follow-up' list, according to a media report. The first Follow-Up Report on Mutual Evaluation of Pakistan released by the Asia-Pacific Group underlined that the country's progress on the 40 FATF recommendations on the effectiveness of anti-money laundering and combating financing terror system largely remained unchanged -- non-compliant on four counts, partially compliant on 25 counts and largely compliant on nine recommendations, the Dawn News reported. The APG report noted that though the country has taken measures on recommendations pertaining to money laundering and terror financing, the progress “is not yet sufficient to justify a re-rating”. The APG's report came ahead of the virtual FATF plenary scheduled for October 21-23 during which it would be decided if Pakistan should be excluded from its grey list, based on a review of Islamabad's performance to meet global commitments and standards on fight against money laundering and terror financing.

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History of this topic

FATF report praises India's anti-money laundering efforts, warns of Al-Qaeda threats in Jammu and Kashmir
3 months ago

FATF report praises India's anti-money laundering efforts, warns of Al-Qaeda threats in Jammu and Kashmir

India TV News  

New Delhi: The Financial Action Task Force on Thursday its report on India's mutual evaluation on combating terror financing and anti-money laundering regime. The report, titled- "India's measures to combat money laundering and terrorist financing"- praised India's action and underscored New Delhi has implemented an anti-money laundering and combating terror financing system that is effective in many respects. The observation …

FATF likely to release its report on India’s mutual evaluation on September 19
3 months, 1 week ago

FATF likely to release its report on India’s mutual evaluation on September 19

The Hindu  

The Financial Action Task Force is expected to release its report on India’s mutual evaluation, which was adopted at its June 2024 plenary in Singapore, on September 19. The plenary had concluded that India had reached a high level of technical compliance with the FATF’s requirements, and its anti-money laundering, combating financing of terrorism, and counter-proliferation financing regime was achieving …

FATF adopts India's mutual evaluation report, lauds efforts in tackling money laundering, terror financing
5 months, 3 weeks ago

FATF adopts India's mutual evaluation report, lauds efforts in tackling money laundering, terror financing

India TV News  

New Delhi: In a significant milestone, the Financial Action Task Force has adopted its Mutual Evaluation Report in its June 2024 Plenary session held in Singapore, recognising New Delhi's contributions to combat money laundering and terrorist financing. The adoption of its mutual report is a significant milestone in combating money laundering and terror financing as well as contributing to India's …

FATF trying to prevent overuse of counter-terror financing rules in non-profit sector
1 year, 4 months ago

FATF trying to prevent overuse of counter-terror financing rules in non-profit sector

The Hindu  

The Financial Action Task Force is looking to revise its current recommendations aimed at safeguarding non-profit organisations from being abused for terrorist financing, to ensure that they do not hurt these organisations’ legitimate activities instead. The international anti-money laundering and anti-terror funding watchdog says that “7 of the Interpretative Note to Recommendation 8 lists examples of measures that countries can …

Mint Explainer: What Pakistan's exit from the FATF Grey list means for the world
2 years, 1 month ago

Mint Explainer: What Pakistan's exit from the FATF Grey list means for the world

Live Mint  

The FATF is among the alphabet soup of international organizations that serve as nodes of coordination of national conduct to enable international coherence in the globalized world of mutual interdependence of nations. Walmart will boost Flipkart with $3bn to challenge rivals Why Reliance investors remain unimpressed After Sep quarter show, ITC’s stock is still lit A PLI scheme to defend …

Pakistan Off FATF ‘Grey List’: What it Means for Islamabad, How India Has Responded
2 years, 2 months ago

Pakistan Off FATF ‘Grey List’: What it Means for Islamabad, How India Has Responded

News 18  

After four years, the Financial Action Task Force, a global watchdog on terror financing took Pakistan out of its “grey list” and welcomed its significant progress in improving its anti-money laundering, counter-terrorism measures. Pakistan Prime Minister Shehbaz Sharif said Pakistan’s exiting the FATF grey list was a “vindication of our determined and sustained efforts over the years”. In a tweet, …

Pakistan taken off the FATF grey list for terror financing
2 years, 2 months ago

Pakistan taken off the FATF grey list for terror financing

Op India  

Pakistan has been removed from a list of nations subject to “enhanced surveillance” for funding terrorism, known as the grey list, by the Financial Action Task Force, a worldwide organization that keeps tabs on money laundering and terrorist financing. The Paris-based organization said, “Pakistan is no longer subject to FATF’s increased monitoring process; to continue to work with APG to …

Pakistan to be free from terror funding grey list? FATF order likely today: Report
2 years, 2 months ago

Pakistan to be free from terror funding grey list? FATF order likely today: Report

India Today  

The Financial Action Task Force of FATF, the global watchdog on terror financing and money laundering, is likely to free Pakistan from its grey list on Friday, enabling the country to try to get foreign funds to overcome its economic situation. The development comes more than four years after the FATF put Pakistan on grey list for its failure to …

'World remains clear that…': India's response to Pakistan's exit from FATF grey list
2 years, 2 months ago

'World remains clear that…': India's response to Pakistan's exit from FATF grey list

India Today  

Ministry of External Affairs Spokesperson Arindam Bagchi responded to Pakistan’s exit from the Financial Action Task Force grey list after four years of being on the terror funding list. MEA official spokesperson said that he was aware of the latest update related to Pakistan in the context of the Financial Action Task Force plenary in Paris. In the official response …

FATF Asia-Pacific Group rates Pakistan low on 10 out of 11 international goals on anti-money laundering, combating terror-finance: Report
2 years, 3 months ago

FATF Asia-Pacific Group rates Pakistan low on 10 out of 11 international goals on anti-money laundering, combating terror-finance: Report

The Hindu  

“The Asia-Pacific Group of the Financial Action Task Force, a global watchdog for terror-financing and money laundering, has rated Pakistan’s level of effectiveness as ‘low’ on 10 out of 11 international goals on anti-money laundering and combating the financing of terror,” a media report said on September 12. Last month, the APG had described Pakistan as ‘compliant’ or ‘largely compliant’ …

Committed to following international standards to exit FATF ‘grey list’, says Pakistan’s Foreign Minister
2 years, 6 months ago

Committed to following international standards to exit FATF ‘grey list’, says Pakistan’s Foreign Minister

The Hindu  

June 20, 2022 05:18 am | Updated 05:18 am IST - ISLAMABAD: Pakistan’s Foreign Minister Bilawal Bhutto Zardari said on Sunday that his country was committed to follow international standards related to the counter-terrorism financing and anti-money laundering. The Paris-based global money-laundering and terror-financing watchdog said on Friday that Pakistan will continue to be on the "grey list" of countries …

FATF retains Pakistan on its 'grey' list; to conduct on-site visit
2 years, 6 months ago

FATF retains Pakistan on its 'grey' list; to conduct on-site visit

India Today  

Global financial watchdog the Financial Action Task Force on Friday said that it will conduct an on-site visit in Pakistan at the earliest possible date, indicating that the country is likely to be removed from its grey list. "At its June 2022 Plenary, the FATF made the initial determination that Pakistan has substantially completed its two action plans, covering 34 …

Pakistan Could Exit Financial Crimes Watchdog FATF’s Grey List: Report
2 years, 6 months ago

Pakistan Could Exit Financial Crimes Watchdog FATF’s Grey List: Report

News 18  

The financial crimes watchdog Financial Action Task Force could remove Pakistan from its ‘Grey List’, news agency India Today said in a report. It released a 2021 action plan of the FATF’s Asia Pacific Group on Money Laundering where Pakistan was given seven targets, six of which have been fulfilled. FATF delegates representing 206 members of the Global Network and …

Pakistan likely to be off financial crime watchdog FATF's 'grey list'
2 years, 6 months ago

Pakistan likely to be off financial crime watchdog FATF's 'grey list'

India Today  

Pakistan is likely to be off the ‘grey list’ of the Financial Action Task Force. Sources have told India Today TV that the announcement would be put up on the website of the global financial crime watchdog, followed by an on-site visit to Pakistan by a team of the FATF to assess the compliance by the country which has been …

Pakistan hopes for relief on FATF ‘grey list’ sanctions
2 years, 6 months ago

Pakistan hopes for relief on FATF ‘grey list’ sanctions

The Hindu  

Pakistan is hoping for some reprieve as the international watchdog Financial Action Task Force begins meetings on Monday in Berlin ahead of its plenary session on June 14-17. According to media reports in Pakistan, the new Pakistani PMLN-led government is pulling out all stops in sending its Minister of State for Foreign Affairs Hina Rabbani Khar to lead the delegation …

FATF retains Pakistan on its terror funding ‘grey list’
2 years, 9 months ago

FATF retains Pakistan on its terror funding ‘grey list’

The Hindu  

The global money laundering and terrorist financing watchdog FATF has retained Pakistan 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. However, Pakistan’s robust progress on its global commitments to fight financial crimes was appreciated at the concluding session of its …

Pakistan remains on FATF's grey list: Report
2 years, 9 months ago

Pakistan remains on FATF's grey list: Report

India Today  

The global money laundering and terrorist financing watchdog FATF has retained Pakistan 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. However, Pakistan’s robust progress on its global commitments to fight financial crimes was appreciated at the concluding session of its …

Pakistan likely to remain on FATF\'s grey list for four more months: Report
2 years, 9 months ago

Pakistan likely to remain on FATF\'s grey list for four more months: Report

Deccan Chronicle  

Islamabad: Pakistan is likely to remain on the grey list of global money laundering and terrorist financing watchdog FATF until June for failing to meet some of the targets under the additional criteria, according to a media report on Friday. In October 2021, the FATF acknowledged Pakistan's progress on a 27-point action plan on completion of 26 items but kept …

Pakistan likely to remain on FATF’s grey list for four more months: Report
2 years, 9 months ago

Pakistan likely to remain on FATF’s grey list for four more months: Report

India TV News  

Pakistan is likely to remain on the grey list of global money laundering and terrorist financing watchdog FATF until June for failing to meet some of the targets under the additional criteria, according to a media report on Friday. In October 2021, the FATF acknowledged Pakistan’s progress on a 27-point action plan on completion of 26 items but kept the …

Protests planned outside FATF's Paris headquarter ahead of Pakistan's grey list review
2 years, 10 months ago

Protests planned outside FATF's Paris headquarter ahead of Pakistan's grey list review

India Today  

The Financial Action Task Force will undertake the next review of Pakistan’s progress in curbing terror-financing and money laundering when the plenary begins on February 21 in Paris, France. “The protests are to remind FATF of its commitments and stop Pakistan’s role in terror financing and money laundering in the country and in neighbouring Afghanistan, and its nexus with China …

G-20 leaders reaffirm support to FATF to combat money laundering, terrorist financing
3 years, 1 month ago

G-20 leaders reaffirm support to FATF to combat money laundering, terrorist financing

India TV News  

G-20 leaders, including Prime Minister Narendra Modi, have reaffirmed their full support for the Financial Action Task Force and have recognised that effective implementation of the measures put in place to combat money laundering, terrorist financing and proliferation is essential for building confidence in financial markets, ensuring a sustainable recovery and protecting the integrity of the international financial system. In …

Explained | Why has FATF retained Pakistan on ‘grey list’?
3 years, 2 months ago

Explained | Why has FATF retained Pakistan on ‘grey list’?

The Hindu  

The story so far: In June 2018, the Financial Action Task Force placed Pakistan on the ‘grey list’ of jurisdictions under increased monitoring. Owing to Pakistan’s failure in fully implementing all the action points, it was once again retained on the ‘grey list’ following the conclusion of the latest FATF plenary on October 21, 2021. Pakistan was ‘ grey listed’ …

Pakistan to remain on 'Grey List' of global terror financing watchdog FATF
3 years, 2 months ago

Pakistan to remain on 'Grey List' of global terror financing watchdog FATF

Firstpost  

On the action plan of Pakistan, Paris-based FATF requires it to demonstrate terror financing investigation and prosecution of leaders and commanders of UN-designated terrorist groups and their associates, FATF president Marcus Pleyer said New Delhi: Pakistan will continue to be on the ‘Grey List’ of the FATF as it needs to “further demonstrate” that action is being taken against UN-designated …

Pakistan retained on terror financing watchdog FATF’s ‘greylist’ again
3 years, 2 months ago

Pakistan retained on terror financing watchdog FATF’s ‘greylist’ again

The Hindu  

The Financial Action Task Force on October 21 retained Pakistan in the ‘greylist’ yet again, observing that it needed to further demonstrate that investigations and prosecutions were being pursued against the senior leadership of U.N.-designated terror groups, which include Lashkar-e-Taiba, Jaish-e-Mohammed, al-Qaeda and the Taliban. Its most recent action plan from June this year, which largely focussed on money laundering …

Pakistan Retained on FATF Grey List as ‘More Action Needed’ Against Terror Groups; Turkey New Addition
3 years, 2 months ago

Pakistan Retained on FATF Grey List as ‘More Action Needed’ Against Terror Groups; Turkey New Addition

News 18  

Pakistan will remain on the ‘grey list’ as it needs to further demonstrate terror financing investigation, and prosecution of leaders and commanders of UN-designated terrorist groups and their associates, said Financial Action Task Force, which concluded its three-day October plenary on Thursday. Pleyer said that Pakistan has two concurrent action plans, actions against UN-designated terror groups and anti-money laundering, along …

FATF to decide Pakistan’s fate on grey list as October plenary concludes today
3 years, 2 months ago

FATF to decide Pakistan’s fate on grey list as October plenary concludes today

Firstpost  

Analysts and reports suggest that Pakistan will remain greylisted till the next session of FATF in 2022 as it has failed to curb terror financing of UN proscribed terrorists living in Pakistan Islamabad: Global watchdog Financial Action Task Force three day October plenary will conclude today and all eyes will be on whether Pakistan will continue to remain in the …

Pakistan may remain on 'grey list' till FATF's next session in April 2022, says French media report
3 years, 2 months ago

Pakistan may remain on 'grey list' till FATF's next session in April 2022, says French media report

Firstpost  

The FATF is an inter-governmental body established in 1989 to combat money laundering, terrorist financing and other related threats to the integrity of the international financial system Islamabad: 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 …

Previous Pak. governments did not curb terrorist financing and money laundering: Shah Mahmood Qureshi
3 years, 6 months ago

Previous Pak. governments did not curb terrorist financing and money laundering: Shah Mahmood Qureshi

The Hindu  

With the FATF set to discuss a report on the progress made by Pakistan on the implementation of a 27-point action plan this week, Foreign Minister Shah Mahmood Qureshi has alleged that previous governments did not take steps to curb money laundering and terrorist financing in the country. The Paris-based Financial Action Task Force placed Pakistan on the grey list …

FATF's regional body retains Pakistan on 'enhanced follow-up' but improves rating on 21 out of 40 parameters
3 years, 6 months ago

FATF's regional body retains Pakistan on 'enhanced follow-up' but improves rating on 21 out of 40 parameters

Firstpost  

Pakistan is now compliant or largely compliant with 31 out of 40 FATF recommendations. The reporting date for this evaluation was 1 October 2020, which means Islamabad may have made further progress since then The Asia Pacific Group on Money Laundering, a regional affiliate of FATF, has retained Pakistan on “enhanced follow-up” status for sufficient outstanding requirements, while improving the …

FATF's regional body retains Pakistan on 'enhanced follow-up' for sufficient outstanding requirements
3 years, 6 months ago

FATF's regional body retains Pakistan on 'enhanced follow-up' for sufficient outstanding requirements

India Today  

The Asia Pacific Group on Money Laundering has retained Pakistan on "enhanced follow-up" status for outstanding requirements, and Islamabad will continue to report back to it on the country's progress to strengthen its implementation of anti-money laundering and combating financing terror measures, according to a media report on Saturday. "Pakistan will move from enhanced to enhanced follow-up, and will continue …

UK puts Pakistan on high-risk countries list over money laundering, terror financing
3 years, 8 months ago

UK puts Pakistan on high-risk countries list over money laundering, terror financing

India Today  

In a move that could impact Pakistan's chances of getting off the FATF's grey list, the United Kingdom on Sunday added the country to its list of 21 "high-risk countries" over money laundering and terror financing charges. Foreign Office spokesperson Zahid Hafeez Chaudhri said the UK's decision to include Pakistan in the list of 'Money Laundering and Terrorist Financing High-Risk …

Why Pakistan is a fit case to be blacklisted by FATF for funding terrorism
3 years, 9 months ago

Why Pakistan is a fit case to be blacklisted by FATF for funding terrorism

India Today  

The Financial Action Task Force is likely to take a call on Thursday on Pakistan's status on the terror financing watchdog's list of "jurisdictions with strategic deficiencies", more commonly known as the "grey list". Given that Pakistan has merely taken some eyewashing measures in recent months to counter terror-financing, it may be retained on the grey list if not moved …

FATF keeps Pakistan in grey list, cites 'serious' deficiency in checking terror financing
3 years, 9 months ago

FATF keeps Pakistan in grey list, cites 'serious' deficiency in checking terror financing

India Today  

Global terror watchdog Financial Action Task Force on Thursday announced that Pakistan will continue to remain on its grey list due to failure to comply with all the points of a plan of action set by it to combat terror financing. The FATF said that there had been serious deficiency on the part of Pakistan in checking terror financing and …

Pakistan Unlikely to Exit 'Grey List' as FATF Meets to Decide its Fate: Report
3 years, 10 months ago

Pakistan Unlikely to Exit 'Grey List' as FATF Meets to Decide its Fate: Report

News 18  

Pakistan is unlikely to exit the ‘grey list’ of the FATF as some European countries have taken the stand that Islamabad has not fully implemented all the points of a plan of action set by it, a media report said on Sunday, on the eve of the plenary meeting of the global watchdog for money laundering and terror financing. The …

Pakistan’s FATF Report Card on Terror Financing Proves it Has Only Marks to Show, Not Results
4 years, 1 month ago

Pakistan’s FATF Report Card on Terror Financing Proves it Has Only Marks to Show, Not Results

News 18  

London: The compliance count that the Financial Action Task Force awards at intervals to Pakistan has come to sound deceptively like a headmaster’s exercise. The FATF notes that Pakistan has taken steps to “identify and sanction illegal MVTS”, by which it means money or value transfer services, hawala essentially. Pakistan has also improved “international cooperation in terrorist financing cases, passing …

Terror financing watchdog FATF keeps Pakistan on ‘greylist’ till next review in February 2021
4 years, 2 months ago

Terror financing watchdog FATF keeps Pakistan on ‘greylist’ till next review in February 2021

The Hindu  

The Financial Action Task Force on Friday decided to keep Pakistan on the “greylist” till the next review of its compliance to the recommendations in February next year. As all action plan deadlines have expired, the FATF strongly urges Pakistan to swiftly complete its full action plan by February 2021,” said an FATF statement issued in Paris at the end …

Three-day FATF meet begins from Wednesday, Pakistan’s fate hangs in balance
4 years, 2 months ago

Three-day FATF meet begins from Wednesday, Pakistan’s fate hangs in balance

Hindustan Times  

The global terror financing watchdog, Financial Action Task Force, will hold a meeting from October 21 to 23. In this three-day virtual plenary meeting, the FATF will decide on whether Pakistan will remain in the “grey list” or not based on Islamabad’s commitment towards cracking down on money laundering and terror financing. The FATF is an inter-governmental body that was …

Pakistan fails to convince FATF of efforts to combat terrorism
4 years, 2 months ago

Pakistan fails to convince FATF of efforts to combat terrorism

Live Mint  

Pakistan has failed a peer review by the Financial Action Task Force, the global watchdog that examines ways to plug the flow of funds to terrorist groups among other things, despite the country pushing through three laws last month to buttress its claims of combating terrorism. “Pakistan will remain in enhanced follow-up” and will continue to report back to the …

Pakistan fails FATF peer review, likely to remain on ’gray list’
4 years, 2 months ago

Pakistan fails FATF peer review, likely to remain on ’gray list’

Live Mint  

New Delhi: Pakistan has failed a peer review at the Financial Action Task Force, the global financial watch dog, that examines ways to plug the funds to terrorist groups among other things, despite Islamabad pushing through three laws last month to buttress its claims to be combating terrorism. A “follow up report” by the Asia Pacific Group of the FATF …

Pakistan on FATF\'s \'Enhanced Follow-up\' list for meagre progress on terror financing
4 years, 2 months ago

Pakistan on FATF\'s \'Enhanced Follow-up\' list for meagre progress on terror financing

Deccan Chronicle  

Islamabad: Noting that Pakistan's measures against money laundering and terror financing "is not yet sufficient to justify a re-rating", a regional affiliate of the Financial Action Task Force on Monday retained the country on its 'Enhanced Follow-up' list, according to a media report. The first Follow-Up Report on Mutual Evaluation of Pakistan released by the Asia-Pacific Group underlined that the …

FATF all set to decide on Pakistan\'s grey list status
4 years, 2 months ago

FATF all set to decide on Pakistan\'s grey list status

Deccan Chronicle  

Islamabad: The Financial Action Task Force is all set to decide on Pakistan's grey list status in a virtual meeting scheduled later this month, according to a media report on Monday. Seeking to wriggle out of the FATF's grey list, debt-ridden Pakistan in August imposed financial sanctions on 88 banned terror groups and their leaders, including 26/11 Mumbai attack mastermind …

FATF all set to decide on Pakistan’s grey list status
4 years, 2 months ago

FATF all set to decide on Pakistan’s grey list status

Live Mint  

The Financial Action Task Force is all set to decide on Pakistan's grey list status in a virtual meeting scheduled later this month, according to a media report on Monday. Seeking to wriggle out of the FATF's grey list, debt-ridden Pakistan in August imposed financial sanctions on 88 banned terror groups and their leaders, including 26/11 Mumbai attack mastermind and …

FATF set to decide on Pakistan's grey list status later this month: Report
4 years, 2 months ago

FATF set to decide on Pakistan's grey list status later this month: Report

India Today  

The Financial Action Task Force is all set to decide on Pakistan’s grey list later this month via a virtual meeting, reported news agency PTI on Monday. The Paris-based global money laundering and terror financing watchdog had placed Pakistan on the grey list in June 2018 and subsequently asked the government to implement a plan of action to curb activities …

FATF review of India's anti-money laundering & terror financing regime pushed to 2021 due to Covid-19
4 years, 4 months ago

FATF review of India's anti-money laundering & terror financing regime pushed to 2021 due to Covid-19

India Today  

The much-awaited Financial Action Task Force mutual evaluation of India's anti-money laundering regime and legal measures framed to check financial crimes, scheduled for this year, has been postponed till early next year in view of the coronavirus pandemic, officials said. During the visit of FATF evaluators, the finance ministry officer said, India has prepared to present multiple dossiers of the …

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