Tag: Financial Action Task Force

Riyadh: Saudi Arabia has become the first Arab country to be granted full membership of the Financial Action Task Force (FATF) following the group’s annual general meeting in the US. The kingdom’s accession came as the global money laundering watchdog celebrated the 30th anniversary of its first meeting held in Paris in 1989, the Saudi […]

Islamabad: In a blow to Pakistan, the Asia-Pacific Group (APG), a regional affiliate of the Financial Action Task Force (FATF), has placed the country in the “Enhanced Expedited Follow Up List (Blacklist)” for its failure to meet its standards. In its meeting in Canberra, the APG found that Pakistan was non-compliant on 32 of the […]

New Delhi: As Pakistan scales up its efforts to push terrorists across the Line of Control (LoC) into Jammu and Kashmir, the Financial Action Task Force (FATF), an international watchdog on terror activities, is watching. The FATF, which has already put Pakistan in the ‘Grey List’ (watch list) for not doing enough to curb terror […]

United Nations: India has asked the world body to increase its cooperation with the Financial Action Task Force (FATF) and similar organisations that fight the financing of terrorists. “The flow of resources meant to produce terror are required to be stopped by states for which collective inter-state efforts are required at regional and sub-regional levels,” […]

New Delhi: Ahead of next week’s Paris meeting of the Financial Action Task Force (FATF), a Netherlands-based think-tank has said that despite the scathing indictment by the Asia Pacific Group (APG), Pakistan is likely to remain on FATF’s grey list. The European Foundation for South Asian Studies (EFSAS) has said that “there is little doubt […]

Islamabad/Paris: A Pakistani delegation, headed by Economic Affairs Minister Hammad Azhar, has reached Paris to attend a crucial two-day session of the Financial Action Task Force (FATF) set to commence on Monday. According to sources, the FATF meeting would discuss a report on the steps taken by Pakistan till April 2019 and a decision would […]

Paris: Putting Pakistan on notice, the international terror financing watchdog Financial Action Task Force (FATF) on Friday warned it will be blacklisted if it does not control terror funding by February next, voicing serious concern over that country’s failure to deliver on most of its 27 targets. The Paris-based FATF gave the warning to Pakistan […]

New Delhi: With Turkish President Recep Tayyip Erdogan openly raising Kashmir at the United Nations General Assembly and his country backing Pakistan at the Financial Action Task Force (FATF) meet in Paris, India has decided to give the cold shoulder to its ties with Turkey – cancelling a two-day official visit to Ankara by Prime […]

Melbourne: India on Friday expressed its commitment to fully implement the standards of Financial Action Task Force (FATF) and establish Anti Money Laundering as well as Countering Financing of Terrorism regimes to dismantle the terror financing networks. Presenting India’s concern over terror financing issues on the second day of the second ‘No Money For Terror’ […]

Islamabad: Pakistan has urged the US to get it off the grey list of the Financial Action Task Force (FATF), which monitors global money laundering and terror financing, it was reported. Foreign Minister Shah Mehmood Qureshi said at a news briefing here on Friday night that Pakistan hoped the US would back its efforts to […]

Islamabad: Pakistan Minister of State for Economic Affairs Hammad Azhar and his team will defend the country’s performance on 22 points at the Financial Action Task Force’s (FATF) joint group meeting starting on Tuesday in Beijing, with a focus on buying more time, a news report said. The face-to-face meeting will continue for three days […]

New Delhi: Financial Action Task Force (FATF), the global watchdog for terror funding may remove Pakistan from the punitive “grey list” in its upcoming review meeting. Sources told IANS that the FATF is “satisfied” with Pakistan’s efforts to crack down on terror funding and money laundering, even though Pakistani terrorists have been continually infiltrating into […]

Islamabad: Pakistan’s hopes of satisfying the global watchdog on terror financing and money laundering, the Financial Action Task Force (FATF), were dashed on Friday as the global body ruled against taking Pakistan off the ‘grey list’ and gave Islamabad time till February 2021 to comply with its 27-point action plan. The decision was taken on […]